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Selangor Properties Earning Down 88% In Q4

By Jax Lee / a couple of years ago

PETALING JAYA: Selangor Properties Bhd posted an 88% decline in net profit to RM57.4mil for the fourth quarter ended Oct 31 compared to the same quarter a year ago after an extraordinary gain last year from the disposal of land. The property developer said in filing with Bursa Malaysia that revenue increased 30% in the […]

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House Buyers’ Burden Reduced With EPF’s Down Payment Facility

By Jax Lee / a couple of years ago

SHAH ALAM — The Employees Provident Fund (EPF), which allows members to use their contributions to pay the down payment for a house can help realise the desire of low-income workers to own their own homes. A contributor, Muhammad Sufian Daud, 31, said the convenience of using the EPF withdrawal from account two to pay the […]

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Container Home for the Needy

By Jax Lee / a couple of years ago

Property development company Elica Sdn Bhd has presented Shukeri Abdul Wahed and his family with a new home as part of its efforts to give back to the community. The keys to the unit was handed to the family by Elica managing director Bobby Ting and Welfare, Women and Community Wellbeing Minister Datuk Fatimah Abdullah. […]

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Gamuda Land Officially Launches Kundang Estates

By Jax Lee / a couple of years ago

Gamuda Land has officially launched its highly-anticipated new residential development, Kundang Estates. Close to 100% of all units in Phase 1 were taken-up by the launch day, showing the appetite of potential homeowners for the taste of modern countryside living that Kundang Estates offers. The 90-acre Kundang Estates is part of a larger 910-acre development […]

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Amanah Raya to double REIT size over 5 years

By Jax Lee / a couple of years ago

KUALA LUMPUR: Trust company Amanah Raya Bhd plans to grow its real estate investment trust (REIT) over the next five years by doubling the fund size and acquiring better assets to improve the returns to the Reit shareholders. To date, Amanah Raya REIT (ARREIT) has a combined property value of RM1bil. In the next three […]

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Developer Opens New 24-Storey Property In Damansara Uptown

By Jax Lee / a couple of years ago

CAPITALAND’S serviced residence business unit, Ascott Limited (Ascott), has opened its first Somerset-branded property in Petaling Jaya’s Damansara Uptown area. The unveiling of the 211-unit Somerset Damansara Uptown Petaling Jaya marks Ascott’s continued expansion in Malaysia. The management contract for Somerset Damansara Upptown was awarded by the See Hoy Chan Sdn Bhd Group, which is […]

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One Million Affordable Houses To Be Completed By 2018

By Jax Lee / a couple of years ago

KOTA TINGGI — The government is confident of fulfilling the Barisan Nasional (BN) manifesto of building 1 million affordable houses (RMM) by 2018 said Deputy Minister of Urban Wellbeing, Housing and Local Government, Datuk Halimah Mohamed Sadique. Halimah said only 23.3 per cent or 268,018 units need to be built to complete the target because 76.7 […]

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High Bridge Under Johor Bahru-Singapore RTS To Be Finalised In 2017

By Jax Lee / a couple of years ago

PUTRAJAYA — A high bridge linking Malaysia and Singapore under the Johor Bahru-Singapore Rapid Transit System (RTS) link project is among key areas of agreement reached at the seventh Malaysia-Singapore leaders’ retreat here. Prime Minister Datuk Seri Najib Tun Razak said the bridge solution and the RTS, to improve connectivity and reduce congestion at border crossings, […]

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Hong Kong Developer Breaks Ground For KL City Centre Project

By Jax Lee / a couple of years ago

PETALING JAYA: Minister of the Federal Territories Datuk Seri Tengku Adnan bin Tengku Mansor recently officiated the groundbreaking ceremony of Hemmon House, a 40-storey serviced residence located at Jalan Inai, which will be developed by a Hong Kong developer. The development is planned in conjunction with the Economic Transformation Programme (ETP), which was introduced to […]

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SP Setia’s Ever Expansion In Melbourne

By Jax Lee / a couple of years ago

FOLLOWING the grand opening of Parque Melbourne, S P Setia’s second project in Melbourne, the developer is keen to expand its territories in Australia, with its main focus in the world’s most liveable city. S P Setia Bhd non-independent non-executive chairman Tan Sri Datuk Dr Wan Mohd Zahid Mohd Noordin said Melbourne’s status as the […]

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