Property News

Strata Living 101
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As communal living becomes a way of life, take a close look at SMA 2013 By Jonathan Roberts COMMUNAL living is here to stay as the urban population continues to grow rapidly. Today, there are about 5,500 strata properties in the Klang Valley alone. Hence it is important for city dwellers to understand the legalisation…

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Developer launches its latest project in Kepong
(From left) Asian Pac Holdings Bhd financial controller Ken Wong, Yu and Mustapha at the launch of Fortune Centra.  

BY RUBY LIM ASIAN Pac Holdings Bhd launched its latest project, Fortune Centra, in Kepong, Kuala Lumpur. Located at Jalan Metro Perdana 7, the mixed development features three residential towers and two levels of commercial lots. Spanning across 1.2ha of leasehold land, the project has a gross development value (GDV) of RM326mil. The serviced apartment…

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Racing for a better tomorrow
Participants making their way past Ipoh’s scenic limestone hills.  

BY EMILY K. MORE THAN 1,200 participants braved through the morning heat and a downpour as they cycled their way to a greener earth in Sunway Property’s Race for A Better Planet 2017 cycling event. Held at Sunway Geo Avenue, Sunway City in Petaling Jaya over the weekend, the annual event kicked off with a…

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Buoyant sales push Sunsuria net profit up 471%
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PETALING JAYA: Sunsuria Bhd’s net profit for its second quarter ended March 31, 2017 jumped 471% to RM18.01mil from RM3.15mil in the previous corresponding period, mainly due to buoyant sales from its property projects. In a filing with Bursa Malaysia, the property developer said revenue surged to RM103.68mil from RM38.82mil a year earlier. “The revenue…

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E&O makes RM49mil profit in fourth quarter
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PETALING JAYA: Property developer Eastern & Oriental Bhd (E&O) made a net profit of RM49.4mil in its last quarter ended March 31, lifting its full-year earnings to RM87.6mil. The group is proposing a final dividend payout of three sen a share. “For the current year, we are expecting property sales to remain weak,” it said…

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Fitters wins RM98mil project
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PETALING JAYA: Fire protection specialist Fitters Diversified Bhd’s construction unit has won a project worth RM97.78mil from Pencala Jaya Sdn Bhd to construct 338 units of two- and three-storey units located in Rawang, Selangor. The company said in a stock exchange filing that the project would commence on June 1, subject to a period of…

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IGB REIT to enhance yields
Meeting the media: (from left) Barragry, Tan and executive assistant to group MD, Chua Seng Yong at the press conference.  

BY DANIEL KHOO KUALA LUMPUR: IGB Real Estate Investment Trust (REIT) will enhance yields on its existing Mid Valley Megamall and The Gardens Mall by carrying out a reconfiguration exercise in both the malls. “This will increase the net lettable area in the mall by a further 15,000 sq ft to 20,000 sq ft. The…

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IOIPG Q3 revenue up
Total sales value year to date for the Group is registered at RM2.19 billion, a 49% increase compared to the previous year corresponding period.  

Property development continues to drive performance PETALING JAYA: IOI Properties Group Bhd (IOIPG), with three main business segments ie property development, property investment: and leisure and hospitality, posted a revenue of RM895.8 million for Q3 2017 – an increase of 39% compared to the same quarter of the preceding year. After excluding a one-off additional…

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Improving the inclusiveness of Malaysia’s cities
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Industry experts gather to discuss challenges and solutions Kuala Lumpur, 23 May 2017 – A group of industry experts from diverse backgrounds gathered at RUANG by Think City in the heart of Kuala Lumpur to discuss on the topic of “Building Inclusive Communities”. Organized by Nextdor Property Communications Sdn Bhd and design studio Sufficiencyty, the…

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DBKL intensifies effort to weed out unwanted ‘tenants’
DBKL Housing Enforcement Inspectorate officer Hassan Kassim knocking out the door knob at one of the units at Kerinchi Lembah Pantai PPR to reclaim units with illegal tenants or tenants who have defaulted. — Photos: HAZIM FAUZI/The Star  

BY JAROD LIM SUBSIDISED public housing is a privilege and there are 60,000 people in Kuala Lumpur waiting in line for a chance to obtain affordable accommodation. This is why Kuala Lumpur City Hall (DBKL) is intensifying efforts to identify and take action against applicants found misusing people’s housing project (PPR) and public housing (PPA)…

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