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Business

Time on Cyberjaya's side

A property agent told a seminar that an investor had asked him to help sell two 500 sq ft units in Cyberjaya recently. The investor lives in Puchong with his family. “I told him to rent out his Puchong house and to go and live with his family in the two small units in Cyberjaya,” he said. Subsequently, the agent received a string of calls asking him to sell their Cyberjaya units.

Business

Is the property sector really down?

THE situation in the current property market can almost be likened to a “perfect storm” – an expression that describes a drastic situation that is caused by a combination of (often rare) circumstances.

Business

Sarawak to build 68 more factories for SMIs

SARAWAK'S Industrial Development Ministry is constructing 68 more semi-detached factories in Demak Laut Industrial Park, Kuching, for rent to small- and medium-scale industries (SMIs), according to assistant minister Datuk Awang Tengah Ali Hassan.

Business

Greater pressure on office rental seen in one to two years

KUALA LUMPUR: Office rental is expected to come under greater pressure in about a year or two with landlords going as far as giving longer rent-free periods of up to six months and upon renewal of tenancy, said Sarkunan Subramaniam, managing director of real estate consultancy Knight Frank Malaysia.

Business

Eco World International on track for higher profit in second half

KUALA LUMPUR: Eco World International Bhd (EWI), which staged a turnaround in the first half ended April 30, 2019 (H1 FY19), expects to be on track to record a substantially higher profit in the second half of FY19.

Corporate News

EcoWorld International posts FY2018 net profit of RM35.24m

KUALA LUMPUR: Eco World International Bhd turned profitable in FY2018 ended Oct 31 with a net profit of RM35.24mil as compared to a net loss of RM87.63mil in the previous financial year due to contributions from its UK joint venture's projects in the Built-to-Rent (BtR) subsector.

Property

Eco World takes broad approach on British property

Joint venture offers wider portfolio of products covering mainstream segment in addition to EWI’s luxury portfolio

Economy

Bank Negara's five-pronged approach to affordable housing

KUALA LUMPUR: Bank Negara Malaysia has proposed a five-pronged strategy as a holistic approach to effectively bridge the affordable housing gap in Malaysia.

Business

HK office space still costliest

HONG KONG: Hong Kong continues to be the most expensive place in the world to rent office space, according to research from a property brokerage. nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;