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Sunsuria plans to buy land for RM74mil
KUALA LUMPUR: Sunsuria Bhd has proposed to acquire a parcel of 60.81 acres leasehold land in Mukim Ijok, Kuala Selangor for RM74.16mil.
Sunsuria predicts firmer footing for building sector
KUALA LUMPUR: Sunsuria Bhd expects Malaysia’s construction and property sectors to be on a firmer footing in 2022, backed by the anticipated gradual recovery in the domestic economy.
Ivory Properties plans capital-raising exercise
KUALA LUMPUR: Ivory Properties Group Bhd plans to raise about RM14.21mil in a proposed private placement of up to 20% of the total number of issued shares in the company
Strong sales lift Plenitude’s earnings
PETALING JAYA: Plenitude Bhd swung back to the black, with a net profit of RM8.15mil for the fourth quarter of its financial year ended June 30, 2021 (Q4’21), compared with a net loss of RM2.57mil in Q4’20.
Sunsuria plans RM500mil sukuk issuance
PETALING JAYA: Sunsuria Bhd has proposed to issue Islamic bonds of up to RM500mil to raise funds for capital expenditure and working capital.
KIP Reit slips into net loss in Q4 on investment properties
PETALING JAYA: KIP Real Estate Investment Trust (Reit) recorded its first quarterly net loss in the fourth quarter ended June 30, after it posted a RM13.2mil unrealised fair value loss on investment properties following the annual valuation exercise.
Neutral outlook on property sector
KUALA LUMPUR: AmInvestment Research is maintaining its “neutral” view on the property sector as the outlook remains challenging in the next 12 months.
SP Setia profit for nine months at RM509mil
KUALA LUMPUR: SP Setia Bhd achieved revenue of RM3.13bil and pre-tax profit of RM508.8mil in the January-to-September period, mainly contributed by its ongoing projects in Malaysia.
I-Bhd to showcase projects at StarProperty Fair
SHAH ALAM: Star Media Group Bhd, together with property developer I-Bhd, have launched the StarProperty.my Fair (i-City Edition), an event showcasing some of the developments within i-City.