PETALING JAYA: Paramount Corp Bhd’s second quarter net profit soared 70% to RM23.9mil from RM14.1mil a year earlier, on higher contribution from its property division and higher student enrolments at its KDU University College.Revenue for the quarter ended June 30, 2016 rose 26% to RM145.3mil...

KUALA LUMPUR: A lower overnight policy rate (OPR) is helping to raise the tempo for property buyers in the country, according to developers and those in the property business.The drop in the OPR to 3%, as announced by Bank Negara last month, has come as a pleasant surprise to many in the currently...

BY YVONNE T. NATHANAmin Nordin placing the Jalur Gemilang on a DBKL vehicle. Looking on are (from right) DBKL executive director (planning) Datuk Mohd Najib Mohd, Socio-Economic Development executive director Datuk Mohd Sauffi Muhamad and executive director (management) Abdul Samad Lope...

More than 120 children, parents, guardians and YSA members took part in the event in Bandar Bukit Raja.PETALING JAYA: To encourage the young to embrace sustainability as their way of life, Sime Darby Property held its Young Sustainability Ambassador (YSA) Programme at Bandar Bukit Raja in Klang...

BY OH ING YEENFactory operators at the Taman Selesa Jaya industrial area in Balakong are placing their goods, vehicles and rubbish along the roadside, causing inconvenience.Factory operators at the Taman Selesa Jaya industrial area in Balakong are given two weeks to clear their trash or goods or...

SEREMBAN: Plans for a cable car project linking Port Dickson in the mainland to Pulau Arang have been shelved.Mentri Besar Datuk Seri Mohamad Hasan said the proposed project, which would have spanned 750m from the PD Waterfront township to Pulau Arang, had been found to be too costly.“Our...

BY SHEILA SRI PRIYA1 Jalan Utara in Section 52 has been rezoned from residential to limited commercial.In PETALING Jaya, only 14 out of 633 houseowners who were given the opportunity to convert their land from residential to limited commercial, have paid the premium and accepted Selangor...

BY VIKNESH ASHLEY CLARENCEIJM Land’s Bandar Rimbayu development is within the South Western Klang Valley.Scarcity of undeveloped land in various parts of Klang Valley is causing a spillover growth to its south-western region.Developers and property buyers have shifted their attention to this...

SF: SEAPA (Malaysia) 2016 Best Developer (Malaysia) and 7th consecutive Putra Brand Gold award reinforce developer’s position as Malaysia’s best Sime Darby Property Chief Operating Officer Dato’ Wan Hashimi Albakri with the Best Developer (Malaysia) award. Kuala Lumpur, 15 August 2016 –...

BY BRENDA CH’NGA bird’s eye view of PJ Old Town. As one of the older areas in the city, its 60-year lease will soon be expiring. – filepic OWNERS of residential premises in Petaling Jaya Old Town, unlawfully used for other purposes, will be getting a visit from the authorities.Petaling Jaya...