Quarterly revenue rose 15.39% year-on-year to RM158.38 million from RM137.27 million, boosted by progressive profit recognition from ongoing projects such as Bangsar Hill Park, The Chapter in Sunsuria City and Sunsuria Kejora Business Park – Semi D Industrial (Phase 1) in Puncak Alam. KUALA LUMPUR (Feb 25): Sunsuria Bhd’s (KL:SUNSURIA) net profit for its first…
Read MoreKUALA LUMPUR (Feb 25): Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday that the proposed Urban Renewal Act would not result in forced eviction or a change in land status. The lower consent threshold required for an en bloc sale in the proposed legislation would only allow negotiations with property owners to begin, Anwar…
Read MoreKUALA LUMPUR (Feb 25): UOA Development Bhd (KL:UOADEV) has reported its highest quarterly net profit in four years, thanks to higher progressive recognition of its development projects. Net profit for the fourth quarter ended Dec 31, 2024 (4QFY2024) rose 8% year-on-year (y-o-y) to RM128.21 million, from RM118.72 million in the same period last year, the…
Read MoreKUALA LUMPUR (Feb 25): Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), announced in a Feb 24 statement that all 400 landed Park Home units of The Clove Phase 1 were taken up across its three township developments in Selangor, namely Gamuda Cove in Sepang, Gamuda Gardens in Kundang, and twentyfive7 in Telok Panglima…
Read MoreDeputy Minister, Datuk Aiman Athirah Sabu, said the parks would promote green spaces and recreational-friendly landscape facilities to improve residents’ well-being and benefit local communities. KUALA LUMPUR (Feb 23): The Ministry of Housing and Local Government (KPKT), through the National Landscape Department, aims to construct 112 MADANI Recreational Parks (TRM) nationwide this year, including eight…
Read MoreKPKT presented 12 commitments to public prosperity during cabinet retreat — Nga Minister Nga Kor Ming said these included achieving the target of 500,000 affordable housing units under the 12th Malaysia Plan, the construction of 5,500 Mesra Rakyat housing units by the National Housing Corporation as well as the MADANI Malaysia Town launch under PR1MA….
Read MoreKUALA LUMPUR (Feb 21): The director of a construction company claims to have lost a massive RM26.6 million after falling victim to a cryptocurrency investment scheme offered through the UVKXE app. Bukit Aman Commercial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said the 74-year-old man, a ‘Datuk’, had lodged a police report in…
Read MoreAccording to the draft, the consent threshold for participation is as follows: 80% for buildings of 30 years, 75% for buildings more than 30 years, and 51% for abandoned buildings. KUALA LUMPUR (Feb 24): The Urban Renewal Bill (URB) is now open for public feedback until March 7. The proposed draft of the Urban Renewal…
Read MoreThe rejuvenation project of the 1,583 sq ft single-storey detached house, which was formerly used as a shelter for the underserved community, took 18 months to complete and costs RM275,000 to build. AMPANG (Feb 22): YTL Foundation, the charitable arm of YTL Group, and non-governmental organisation (NGO) and not-for-profit grassroots community organisation Yellow House Kuala…
Read MoreThe landed homes are at Damansara Heights, Seri Kembangan and Kajang Love a home with a garden? Once again, PropNex Malaysia is back with home showings and you are invited to tour their curated collection of landed homes. PRO agents from PropNex will be available to answer all of your enquiries and light refreshments will…
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