Property News

A tribute to the BRIGHTEST stars
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By GOH OOI HWA FOLLOWING the successful inauguralStarProperty.my Awards last year, StarProperty.my marches on in its second endeavor to shine a bright light on the most promising and established development in Malaysia. Be it a humble starter apartment, a homely landed house, an impressive high-rise, a chic neighbourhood, a visionary township or a hassle-less Transit…

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Encorp’s profit soars as property business improves
An artist's impression of Encorp Marina Puteri Harbour in Johor.  

BY M. HAFIDZ MAHPAR KUALA LUMPUR: Encorp Bhd, a Felda-owned property development and construction firm, boosted its earnings by almost four times to RM16.8mil in the fourth quarter (Q4) ended Dec 31, 2016. In a filing with Bursa Malaysia, the company said the 280% year-on-year growth in quarterly earnings were achieved on 147% higher revenue…

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Strong demand for affordable homes
Property outlook: (from left) Foo, Rahah and PEPS executive committee member Elvin Fernandez at the 10th Malaysian Property Summit 2017  

BY GANESHWARAN KANA KUALA LUMPUR: Affordable housing will continue to lead demand in the residential segment of the property market, amid expectations that sentiment will remain soft this year. Finance Ministry valuation and property services director-general Rahah Ismail said despite the challenging economic environment, the demand in the residential segment, particularly for houses ranging between…

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2017 Interschool badminton invitation tournament
(From left) Lee Yow Chee, Chia Song Choy, Lee Kung Wah, Datuk Wira Lee Chong Wei, Datuk Seri Lim Keng Cheng,  Datuk Jack Koh,  

PETALING JAYA: The School enrolment has breached the 5000 students. On a school compound of merely 10 acres, this is close to the saturation point. It sets a limit to the activities the school can carry out. To upgrade the school environment and extend the available space, the school has embarked on the building  an…

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Strong performance by SETIA for FY2016
(from left) S P Setia Bhd deputy president & COO Datuk Wong Tuck Wai (黃德威),  S P Setia Bhd president & CEO Dato' Khor Chap Jen (許捷任), S P Setia Bhd executive vice president & CFO Choy Kah Yew (蔡家耀)  in the Financial Year 2016 Results Press Conference.  

PETALING JAYA: S P Setia Berhad today announced that the Group achieved total sales of RM3.82 billion for the financial year ended 31 December 2016, exceeding its revised sales target of RM3.50 billion. The Group also recorded a remarkable profit before taxation (PBT) of RM1.18 billion, a record PBT achievement for the Group for a…

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SP Setia plans developing projects worth RM5.41bil
Khor: ‘We are bullish on Australia, followed by London and we might look at Singapore as we think the Government will relook the tightening measures  

BY S. PUSPADEVI KUALA LUMPUR: Property developer SP Setia Bhd is targeting multiple launches with a potential gross development value (GDV) of RM5.41bil and has set a RM4bil sales target for current financial year. President and chief executive officer Datuk Khor Chap Jen expected more than three-quarters of the sales to come from local projects….

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IJM unit secures RM1bil job from MFBBCC Retail Mall
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PETALING JAYA: IJM Corp Bhd has clinched a construction job from MFBBCC Retail Mall Sdn Bhd worth RM1.16bil. In a filing with Bursa Malaysia yesterday, it said its wholly owned subsidiary IJM Construction Sdn Bhd had accepted the letter of award from MFBBCC Retail Mall for the design and build of the retail mall substructure…

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SP Setia FY16 net profit beats expectations
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KUALA LUMPUR: SP Setia Bhd’s 4QFY16 profit after tax and minority interest surged by 217% bringing full year of FY16 to RM808mil, accounting for 123% of Hong Leong Investment Bank (HLIB) Research’s forecast and 120% of consensus estimate. The research house said the stronger result was mainly due to faster than expected delivery of Phase…

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Cash-rich IGB jumps on Goldis’s takeover plan
corporate25_jan2017  

BY JOSEPH CHIN KUALA LUMPUR: Share of cash-rich property company IGB Bhd surged after its major shareholder Goldis  Bhd offered to acquire the outstanding shares not owned at RM3 each. At 10am, IGB was up 35 sen to RM2.87 with 1.34 million shares done  while Goldis added 15 sen to RM2.65 with 36,100 shares traded….

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Wide array of projects awaits at property fair
Scouting the market: Prospective buyers browsing displays and speaking to agents at the StarProperty.my Fair 2017 at the Sunway Velocity Mall, Kuala Lumpur.  

KUALA LUMPUR: StarProperty.my has kicked off the year’s first property fair at Sunway Velocity Mall along Lingkaran SV here, showcasing a wide array of property projects. The four-day fair, which goes on until Sunday, brings together the best of what the industry has to offer. These include the award-winning township Bandar Sri Sendayan by Matrix…

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