News List

Property Transactions Likely To Decline Amid Stringent Loan Conditions

GEORGE TOWN, Jan 24 (Bernama) -- Property transactions are likely to decline this year amid cautious sentiment and stringent housing loan regulations by financial institutions.

KLCC Property Pre-tax Profit Jumps To RM496.77 Mln In Q4

KUALA LUMPUR, Jan 21 (Bernama) -- KLCC Property Holdings Bhd's (KLCCP) pre-tax profit for the fourth quarter ended Dec 31, 2013 jumped to RM496.77 million from RM246.42 million in the same quarter last year.

Stop Pre-Launch Sales To Curb Excessive Speculation, Property Developers Urged

KUALA LUMPUR, Jan 21 (Bernama) -- Property developers should eliminate pre-launch sales to curb excessive speculation, said Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar.

Leadership Transition Begins After Resignation Of SP Setia CEO, CFO And Foundation Chairman

KUALA LUMPUR, Jan 20 (Bernama) -- SP Setia Bhd has been given notice by Tan Sri Liew Kee Sin, Datuk Teow Leong Seng and Tan Sri Lee Lam Thye of their intentions to resign from their respective positions as President and Chief Executive Officer, Chief Financial Officer and Non-Independent, Non-Executive Director respectively.

Sungai Buloh Land Development Will Be Positive To Construction Sector, Says HLIB Research

KUALA LUMPUR, Jan 16 (Bernama) -- Hong Leong Investment Bank Research (HLIB Research) expects the development of 942 hectares of land in Sungai Buloh by the Employees Provident Fund's (EPF) wholly-owned unit, Kwasa Land Sdn Bhd, to benefit the construction sector.

IOI Properties Makes Debut On Main Market With 70 Sen Premium From RM2.51 Reference Price

KUALA LUMPUR, Jan 15 (Bernama) -- The IOI Properties Group Bhd made its debut on the Main Market of Bursa Malaysia today, with the opening price at RM3.21 a share, a 70 sen premium from its reference price of RM2.51, with 671.5 million shares transacted.

I-Bhd To Unveil RM1.3 Billion Residential Projects By Second Quarter

SHAH ALAM, Jan 10 (Bernama) -- I- Bhd is expected to launch two residential development projects, worth RM1.3 billion, in the Kuala Lumpur City Centre and i-City here by the second quarter of the year, says Deputy Chairman Datuk Eu Hong Chew.

IOI Properties Targets RM2.5-RM3.0 Billion Sales From New Projects

PUTRAJAYA, Jan 8 (Bernama) -- IOI Properties Group Bhd is targeting sales of between RM2.5 billion and RM3 billion from new projects to be launched this year.

Maybank IB Maintains "Underweight" Rating On Property Sector

KUALA LUMPUR, Jan 8 (Bernama) -- Maybank Investment Bank has maintained its "underweight" rating on the property sector and expect the market to be hit by the new cooling measures of Budget 2014.

Melbourne-based SPEC Property Opens Malaysian Office

KUALA LUMPUR, Jan 7 (Bernama) -- SPEC Property, Melbourne-based property developer, has marked its maiden foray into the Association of South-East Asian Nations (Asean) by setting up a Malaysian presence.

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