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Property company KIP eyes Bursa listing next year
BY ZAZALI MUSALatest offering: Ong (left) and KIP senior general manager Siew Fook Wah with a model of 8escape@Iskandar Malaysia.JOHOR BARU: Plans are already in the pipeline for Kuala Lumpur-based property company KIP Group to be listed on Bursa Malaysia next year.Executive director Datuk Eric...
MKH strategy pays off
New landmark: An artist’s impression of Kajang 2. MKH’s property crown jewel is the 220-acre Kajang 2 flagship development, where more projects would be rolled out closer to the completion of the MRT in 2017.PETALING JAYA: MKH Bhd’s focus on developing affordable homes will help the company...
MRCB-Quill Reit Q2 profit jumps 59%
BY M. HAFIDZ MAHPARPETALING JAYA: MRCB-Quill Real Estate Investment Trust (MQReit) (formerly Quill Capita Trust) has recorded a net profit of RM13.632mil for the second quarter (Q2) ended June 30, 2015, a 59.2% jump from a year earlier due to recognition of the full-quarter income contribution...
Berjaya Corp raises stake in Berjaya Kyoto’s RM1.05b Japan project
BY ZUNAIRA SAIEEDKUALA LUMPUR: Berjaya Corp Bhd will advance over RM152mil to Berjaya Kyoto Development (S) Pte. Ltd (BKyoto) and subscribe for a 50% stake in the latter which is undertaking a billion-ringgit property project in Kyoto, Japan.Under the corporate exercise, BCorp said on Tuesday it...
Office space rental rates to remain flat
BY EUGENE MAHALINGAMScene of the Kuala Lumpur City Centre from the Kuala Lumpur Tower.PETALING JAYA: Rental rates for office space within the Klang Valley is expected to remain flat for the rest of 2015, as steady incoming supply will offset demand.Savills Malaysia executive chairman Chris Boyd...
UOA Q2 revenue up 4%
PETALING JAYA: UOA Real Estate Investment Trust’s revenue for its second quarter ended June 30, increased 4.6% to RM23.15mil from RM22.13mil a year ago.Net profit for the quarter was up by 2.7% to RM11.85mil from RM11.54mil a year earlier.It has announced a dividend of 2.69 sen, bringing the...
BCorp buys 50% stake in BLand’s Japan project for RM97.3mil
PETALING JAYA: Berjaya Corp Bhd (BCorp) is buying a 50% stake in Berjaya Kyoto Development (S) Pte Ltd (BKyoto) for RM97.3mil.The seller of the stake is its 58%-owned Berjaya Land Bhd (BLand). After selling half of BKyoto to its parent, BLand will own the remaining 50%.BCorp will undertake to...
Profit taking sends Sunsuria to RM1 level
KUALA LUMPUR: Sunsuria’s share price fell to a low of RM1 on Wednesday on continued profit taking on the property counter after the recent run-up on corporate developments.At 10.06am, it was down eight sen to RM1. Turnover was 480,700 shares traded at prices ranging from RM1 to RM1.05.At RM1,...
Gamuda, IJM Corp, E&O top buys for exposure to Penang
KUALA LUMPUR: Affin Hwang Capital Research has Gamuda, IJM Corp and Eastern and Oriental (E&O) as its top Buys for infrastructure and property exposure to Penang.It said on Monday Penang was forging ahead with development through public-private partnership (PPP) projects.The RM27bil Penang...
Steady property demand in Penang
Investment-friendly: A file picture shows visitors at the recent Star Property Fair in Penang. Affin Hwang believes that property developers with land bank and established presence in Penang will benefit from rising property demand.PETALING JAYA: An increasing population in Penang coupled with...