KUALA LUMPUR: Eco World Development Group Bhd’s 9MFY16 net profit beat expectations, making up 92% of CIMB Equities Research full-year forecast and 86% of consensus.The research house said on Wednesday the outperformance was driven mainly by lower-than-expected selling and marketing expenses....

Chang: ‘This overwhelming response is the best vote of confidence we can get.’ PETALING JAYA: Property developer Eco World Development Group Bhd’s net profit for the third quarter ended July 31 soared 375% to RM44.58mil compared with the corresponding quarter a year ago on contributions from...

PETALING JAYA: Conglomerate Sime Darby Bhd, which owns a 22.2% stake in property developer Eastern & Oriental Bhd (E&O), has agreed to sell a 10% stake at a lower price to E&O group managing director Datuk Seri Terry Tham than the price they agreed on in early June.Sime Darby said in a stock...

BY ZAZALI MUSA ISKANDAR PUTERI: The state government has no plans to freeze the construction of retail and shopping complexes in Johor especially in Iskandar Malaysia.Johor Housing and Local Government committee chairman Datuk Abdul Latiff Bandi said it would send a wrong signal to investors if...

BY VIJENTHI NAIR and TAN AI YENGResidents say a 39-storey building will stick out like a sore thumb amidst the low-rise properties nearby. — Photos: ART CHEN/The Star THERE is a legal avenue for the public to object to a development proposal in their vicinity, known as Rule 5, but just how...

BY ZAZALI MUSAA filepic of an open space where residents can get closer to nature. ISKANDAR PUTERI: Plans are in the pipeline to allocate more green areas or open spaces especially within Iskandar Malaysia which is the country’s first economic growth corridor.Johor Housing and Local Government...

BEIJING: Four six-square meter apartments sold this weekend in Shenzhen made a splash in the media, but the sales were later declared illegal due to unauthorised modifications made to the properties.Nicknamed “pigeon holes”, these mini studios are located in a 15-storey building called...

Stock exchange to consider raising the threshold for developersSHANGHAI: The Shanghai Stock Exchange is considering raising the threshold for property developers to sell exchange-traded notes, according to people familiar with the matter.Under the rules being considered, the exchange would only...

  24 September 2016 (Bukit Jalil) – Last weekend proved to be an auspicious day for SkyWorld Development Group (“SkyWorld”), as its maiden project SkyLuxe On The Park in Bukit Jalil received an overwhelming response from home buyers recording over 80% take-up. More than 1,000 guests showed...

 Shah Alam, Selangor - 26 September 2016: Naza Engineering & Construction Sdn Bhd (Naza EC) was awarded Best Project under the major building category which is for buildings above RM100 million, by Malaysian Construction Industry Excellence Awards (MCIEA). Naza EC’s Chief Operating Officer, Md...