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DBhd posts 21% higher earnings of RM20.62m in FY2018

KUALA LUMPUR: Damansara Realty Bhd (DBhd) recorded a net profit of RM20.62mil for the financial year ended Dec 31, 2018, an increase of 21.15% over RM17.02mil in the previous financial year due to contributions from the Pengerang operations.

Sunway Construction on track for RM1.5b job win target for FY19

KUALA LUMPUR: Having secured the RM781mil contract for the development of the Tenaga Nasional HQ campus (Phase II), Sunway Construction remains on track to achieve its RM1.5bil replenishment target for FY19E, says Maybank Investment Bank Research.

Building owners are unable to get the rent they are seeking

KUALA LUMPUR: Office rental among super prime buildings in the Klang Valley is expected to come down further with landlords struggling to get the rental rate they want, according to property consultancy Rahim & Co.

A tenant’s market: (from left) Rahim & Co estate agency director Robert Ang, director of PJ office Choy Yue Kwong, Rahim, valuation services director Chee Kok Thim and research director Sulaiman Saheh at the property review 2018/2019

SunCon wins RM781mil TNB job

PETALING JAYA: Sunway Construction Group Bhd’s (SunCon) subsidiary has secured a RM781.3mil contract from Tenaga Nasional Bhd (TNB) for the power giant’s campus in Bangsar.

SunCon, in a filing with Bursa Malaysia, said Sunway Construction Sdn Bhd had accepted the letter of award issued by TNB for phase two of the headquarters’ campus development.