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KUALA LUMPUR, Feb 26 -- Sime Darby Property Bhd posted a net profit of RM598.53 million for the financial year ended Dec 31, 2019 (FY19), reversing a net loss of RM238.46 million a year ago, thanks to higher contributions from its core business of property development and one-off gains of RM245.5 million from the disposal of properties.

KUALA LUMPUR, Feb 25 -- UEM Sunrise Bhd expects to garner up to RM4 billion in potential unbilled sales in the next two years from the group’s ongoing and new projects, said managing director and chief executive officer, Anwar Syahrin Abdul Ajib.

BUTTERWORTH, Feb 18 -- The Penang state government has spent RM240.3 million on public and private housing maintenance projects as well as housing maintenance projects under local authorities (PBT) since 2008, said State Housing, Local Government, Town and Country Planning Committee chairman, Jagdeep Singh Deo.

By Zarul Effendi Razali

KUALA LUMPUR, Jan 19 -- Lendlease Group, the developer of the retail-led mixed development part of the The Exchange TRX project, is eyeing to have the retail portion 90 per cent leased by end of 2021.

KUALA LUMPUR, Jan 17  -- Serviced residences recorded the highest demand growth of 17.3 per cent last year among the three property types, followed by condominiums at 14.2 per cent, due to a modest drop in capital appreciation, according to the iProperty.com.my 2019 Portal Demand Analytics.