Tropicana Corp Bhd’s net profit surged 231.43% to RM48.08 million for the fourth quarter ended Dec 31, 2020 (4QFY20) from RM14.51 million in the preceding quarter. The group attributed this to the sale of two parcels of freehold development land for RM98.1 million. On top of that, Tropicana saw higher sales and progress billings across…
Read MoreScientex Bhd’s property division has targeted to deliver 50,000 units of affordable homes by 2028 to benefit more than 300,000 Malaysians. Its property division chief operating officer Datuk Alex Khaw Giet Thye yesterday said Scientex had already delivered more than 22,000 affordable homes priced below RM500,000 nationwide. He also said the company had acquired total land bank…
Read MoreGlomac Bhd will be unveiling the first phase of Primrose project in its Saujana KLIA township, Sepang which has a gross development value (GDV) of RM72 million tomorrow (March 19). With an estimated gross development value (GDV) of RM72 million, the first phase of Primrose comprises 123 double-storey terraced houses with land area measuring 20ft…
Read MoreChoosing a property is more than just location and looks. (Pexels pic) Good property investments can bring you stable cash flow. You can ride on its short-term and long-term returns to plan your future, especially when it comes to retirement plans. However, investing in property isn’t just about selecting the most beautiful home, or the…
Read MoreThere will always be a demand for houses and properties. (Rawpixel pic) With zero indication of when the Covid-19 pandemic will finally come to an end, it continues to leave shockwaves in nearly every aspect of our lives. One particular example is in the property market, where there are fears that a property bubble will…
Read MoreOriental Interest Bhd (OIB) is eyeing to acquire a piece of land measuring 59,745 sq metres in Klang for RM64.31 million. The group said the acquisition of the freehold land from Gabungan Efektif Sdn Bhd would complement its existing development around the Klang Valley. “The proposed acquisition is also in line with the group’s overall…
Read MoreGlomac Bhd will be launching Dahlia Sari double-storey homes in its 200-acre Saujana Perdana township, Sungai Buloh, Selangor on Feb 10, 2021. The latest project will be offering 120 houses with a land area measuring 22ft by 75ft each. Priced from RM528,800, the double-storey homes come with four bedrooms and three bathrooms with built-ups ranging…
Read MoreChin Hin Group Property Bhd is eyeing to acquire a piece of land in Kuala Lumpur for RM85 million. In a filing with the bourse, the group said it signed an offer letter with Frazel Luxe Sdn Bhd (formerly Frasers Luxe Sdn Bhd) today to acquire the 3.33ha freehold land situated on Jalan Kuchai. Chin…
Read MorePurchasing a property while under construction is still cheaper than buying one upon completion. (Rawpixel pic) Some people are of the opinion that buying a brand-new house is wiser, while others say that sub-sale houses are the better buy. The first option is likely to be more appealing for many, but like all other life-changing…
Read MoreThe number of overhang properties is expected to remain high in 2021 based on income level, locations and prices, according to Rahim & Co International Sdn Bhd. Its research director Sulaiman Saheh (pictured) referred to Rahim & Co’s Property Market Review 2020/2021 which showed that three states, Johor, Selangor and Kuala Lumpur recorded the highest numbers…
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