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Sunway REIT Q4 profit up 52% due to retail segment
PETALING JAYA: Sunway Real Estate Investment Trust (REIT) said its fourth quarter net profit rose 52.16% to RM357.91mil from RM235.21mil in the same quarter a year ago.Profit for the year jumped 32% to RM541.4mil, comprising realised profit of RM242mil million and unrealised profit of RM299.4mil...
A jewel in the Sungai Buloh West growth corridor
As residential landed property prices escalated in established townships in the heart of Klang Valley, the market has seen home buyers moving to the northern growth corridor. Greater KL North comprising Shah Alam North, Puncak Alam and Sg Buloh (also known as “Sungai Buloh West” by Ho Chin...
State agrees to build new houses for first-time buyers
BY ZAZALI MUSANew attire: Adam (third from right) assisting Kampung Mahmoodiah Rela chief Daud Ismail with the new uniform while Md Shah (fourth from left) looks on.JOHOR BARU: Plans are in the pipeline to enable more eligible first-time house buyers to own affordable homes in the Tanjung Puteri...
Put a stop to Section 17 high-rise project, state urged
BY BRENDA CH’NGWhere are the plans?: Wong (left) relating the problems faced by hawkers to (from right) Tan, Petaling Jaya Utara MCA division youth secretary Chan Kee Oi and deputy chairman Ch’ng Soo Chau.PETALING Jaya Utara MCA division chairman Tan Gim Tuan has called on the state government...
Buying of TRX land from 1MDB not a rushed deal, says Affin
KUALA LUMPUR: Affin Bank Bhd, which is acquiring a 1.25-acre piece of land located in the Tun Razak Exchange (TRX) for RM255mil, has been in discussions with TRX since 2012.“This is not a rushed deal. Affin Bank has been in negotiations with TRX. Affin Bank is just one of the many financial...
Affin Bank buys TRX land from 1MDB to build new HQ
BY DANIEL KHOOTHAT'S GOING TO BE OUR NEW HOME , said Group CEO Affinbank Holdings Kamarul Ariffin Mohd Jamil to media at the announced its strategic plan todevelop its very own Head Office building with the purchase od a plot of land at Razak Bussinrss Parkin Kuala Lumpur, August 10, 2015. -...
‘Say no to project in Batu Ferringhi’
BY TAN SIN CHOW AND ONG YU BINUncertain future: Some 1,000 residents of Kampung Mutiara were served with eviction notices by the landowner recently.GEORGE TOWN: The state government has been urged to reject any housing project in Kampung Mutiara, Batu Ferringhi, after some 1,000 residents there...
MP: High-rise dwellers can start filing their complaints
HIGH-rise residents in Penang who face housing management woes can start filing their complaints at the housing and strata management tribunal office in Kepala Batas.Tanjung MP Ng Wei Aik, who is also the national DAP parliamentary spokesperson on housing matters, said hearing of the cases would...
On the same page to develop Shah Alam
BY PRIYA MENONThe Shah Alam Stadium in Section 13 is one of the largest stadiums in South- East Asia with a capacity of 80,000 people.TRANQUIL, lush and green Shah Alam has been quietly capturing the hearts of many people looking for a new home in the Klang Valley.The state capital of Selangor has...
Garment maker Yong banks on property, plans projects worth RM7bil
BY S. PUSPADEVINg: ‘We are confident of making profits in the current financial year ending June 30, 2016 after being in the red for many years.’PETALING JAYA: Garment manufacturer Yong Tai Bhd is growing its presence in the property development market despite the current soft market.It...