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Encorp’s profit soars as property business improves
BY M. HAFIDZ MAHPARAn artist's impression of Encorp Marina Puteri Harbour in Johor.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...
Strong demand for affordable homes
BY GANESHWARAN KANAProperty outlook: (from left) Foo, Rahah and PEPS executive committee member Elvin Fernandez at the 10th Malaysian Property Summit 2017KUALA LUMPUR: Affordable housing will continue to lead demand in the residential segment of the property market, amid expectations that sentiment...
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...
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...
SP Setia plans developing projects worth RM5.41bil
BY S. PUSPADEVIKhor: ‘We are bullish on Australia, followed by London and we might look at Singapore as we think the Government will relook the tightening measuresKUALA LUMPUR: Property developer SP Setia Bhd is targeting multiple launches with a potential gross development value (GDV) of...
IJM unit secures RM1bil job from MFBBCC Retail Mall
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...
SP Setia FY16 net profit beats expectations
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...
Cash-rich IGB jumps on Goldis’s takeover plan
BY JOSEPH CHINKUALA 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...
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...
A tale between two “Bandars”
Bandar Puteri Bangi offers the best of both worldsBy LEE YAN LI lylee@thestar.com.myInfinity Pool at Palmyra Residence, Bandar Puteri Bangi.NESTLED between the lively Bandar Bukit Mahkota and Bandar Seri Putra, Bandar Puteri Bangi is a mixed development that sits at the border of Selangor and Negri...