Malaysian Resources Corp Bhd (MRCB)’s net profit for the third quarter ended Sept 30, 2020 (3QFY20) slumped 63% to RM920,000 from RM2.52 million a year ago, as it saw slower construction activities at its projects amid the Covid-19 pandemic. Its revenue for the quarter was down 20% to RM297.63 million from RM372.74 million a year…
Read MoreTropicana Corp Bhd’s net profit for the third quarter ended Sept 30, 2020, fell 14% to RM14.51 million from RM16.8 million a year earlier, due to the temporary ceasing of activities and lower sales amid the pandemic. Revenue for the quarter was down 9% at RM223.97 million, versus RM246.13 million in the previous year’s corresponding…
Read MoreShah Alam is the most industrialised city in the country with 20 industrial parks. (Property Advisor pic) Shah Alam, the country’s first planned city, became the capital of Selangor in 1978 after Kuala Lumpur was declared a Federal Territory in 1974. The city spans about 30,000ha and borders Subang Jaya and Petaling Jaya to the…
Read MoreKajang is the district capital of Hulu Langat and has seen significant growth due to its proximity to the city. (Property Advisor pic) A small township in the eastern region of Selangor, Kajang is located about 21km from the bustling city centre of Kuala Lumpur. It is the district capital of Hulu Langat and has…
Read MorePuchong is considered a matured and well-developed region with all the amenities needed to be a self-sustaining township. (Property Advisor pic) The origins of modern Puchong can be traced back to the early 20th century, when immigrants from Sumatra and Java began to explore the area for tin mining. At the time, it was mostly…
Read MoreOne way to solve the affordability issue of houses may be for the government to buy some lower-cost homes from private developers and rent them out. Tang Chee Meng (pictured), chief executive of property agents Henry Butcher, who suggested such a scheme, told FMT News that underprivileged groups who do not have the ability to…
Read MoreThere are profound shifts in the way people live and work due to the pandemic, and these changes are expected to remain long after the pandemic, according to Chris Lehane, Airbnb senior vice president, global policy and communications (pictured). Commenting on the recently-concluded virtual panel discussion “Travel Reimagined: an Airbnb and APEC Forum”, he noted…
Read MoreAsian real estate technology group Juwai IQI expects to see first-time house buyers increase their share of the market by up to five percentage points under Budget 2021. Group chief executive officer Kashif Ansari said that would give them their highest market share on record. “First-time home buyers currently account for 28 per cent of subsale…
Read MoreFull stamp duty exemption on both instrument of transfer and loan agreement for the first home purchase worth up to RM500,000 proposed in Budget 2021 would lower upfront cash payments and encourage home ownership among the first-timers. Knight Frank Malaysia Managing director Sarkunan Subramaniam said as this enhanced exemption is not limited to the primary…
Read MoreBy Goh Kok Guan Budget 2021 is expected to give a big push to the housing market and enable more Malaysians to own their first home. International Real Estate Federation (FIABCI) Malaysian Chapter immediate past president Michael Geh said the five-year extension of the stamp duty exemption, aimed at reviving abandoned projects, would benefit both contractors and house…
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