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Buoyant sales push Sunsuria net profit up 471%
In a filing with Bursa Malaysia, the property developer said revenue surged to RM103.68mil from RM38.82mil a year earlier.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...
E&O makes RM49mil profit in fourth quarter
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...
Fitters wins RM98mil project
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...
IGB REIT to enhance yields
BY DANIEL KHOOMeeting the media: (from left) Barragry, Tan and executive assistant to group MD, Chua Seng Yong at the press conference.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...
IOIPG Q3 revenue up
Property development continues to drive performanceTotal sales value year to date for the Group is registered at RM2.19 billion, a 49% increase compared to the previous year corresponding period.PETALING JAYA: IOI Properties Group Bhd (IOIPG), with three main business segments ie property...
Improving the inclusiveness of Malaysia’s cities
Industry experts gather to discuss challenges and solutionsKuala 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...
DBKL intensifies effort to weed out unwanted ‘tenants’
BY JAROD LIMDBKL 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 StarSUBSIDISED public housing is a privilege and...
Land issue fuels hot debate
Jahara debating the motion of thanks to the Yang di-Pertua Negri’s opening address at the Penang State Assembly.STATE Opposition leader Datuk Jahara Hamid (BN-Teluk Air Tawar) has taken the Penang government to task over the lease of prime state land along Peel Avenue.She questioned why the...
Persiaran Damansara Indah an accident hotspot, say residents
A motorcyclist rides along a spot in Persiaran Damansara Indah that was the scene of a deadly crash just days earlier.ACCIDENTS happen so frequently at a spot on Persiaran Damansara Indah that it seems to be even attracting lottery punters.Just days ago, a motorist died after losing control of his...
TOL holders homeless after demolition
BY G.C. TANCharop moving her belongings from the site of her demolished house to the roadside along Jalan Kampung Masjid in Kuala Nerang, Kedah.EIGHTEEN families, whose houses and shops were demolished to make way for a mosque in Kuala Nerang, Kedah, are asking for a reasonable compensation from...