Exclusive News

• Mulpha Land plans private placement for land buy
  KUALA LUMPUR: Property developer Mulpha Land Bhd plans to undertake a private placement of up to 10% of its issued share capital to finance a land acquisition, repay borrowings and as its working capital. In a filing with Bursa Malaysia yesterday, Mulpha Land said the proposed private placement will be issued at any point in time to third party investor(s) to be identified at an issue price to be determined later. .....more Ddetail
• Sunway proposes mixed development for Kelana Jaya land
  Maintain trading buy with an unchanged target price of RM3.86: Sunway Bhd has entered into agreements to acquire a total of five pieces of land in Kelana Jaya, Selangor. Total land size is 17 acres (6.9ha) and the total price is RM286 million. The purchase price is based on the conclusion of an open tender bidding, and the effective valuation works out to RM386 per sq ft. The purchase will be funded by a mixture of debts and internally generated funds .....more Ddetail
• Tropicana’s earnings more than doubled to RM19.3 mil
  Maintain buy with an unchanged target price (TP) of RM1.95: In the first quarter of the financial year ending Dec 31, 2015 (1QFY15), Tropicana Corp Bhd’s core net more than doubled to RM19.3 million year-on-year (y-o-y) on the back of a 55% increase in revenue to RM390 million, as well as a small gain from the sale of land amounting to RM5.9 million. .....more Ddetail
• PROPERTY SNAPSHOT What’s affordable in Brickfields?
  KUALA LUMPUR-Brickfields was previously dominated by low and mid-end housing. The entry of KL Sentral brought high-end offerings, giving buyers a plethora of choice. .....more Ddetail
• MRCB targets RM910 mil sales this year
  KUALA LUMPUR (May 12): Malaysian Resources Corporation Bhd (MRCB) aims to secure RM910 million in sales from its 2015 launches worth RM1.3 billion in gross development value (GDV), according to a report in The Edge Financial Daily today. We are targeting to secure sales of about 70% to 80% of the total launches in 2015,” MRCB chief financial officer Ann Wan Tee was reported as saying yesterday. .....more Ddetail
• KL-Singapore HSR Terminus To Be Located In Jurong East -
  SINGAPORE, May 11 -- The Singapore Government announced that the Kuala Lumpur-Singapore High Speed Rail (HSR) terminus will be located at the current site of Jurong Country Club (JCC) in Jurong East. .....more Ddetail
• Tropicana Posts 137% Increase in Pre-Tax Profit
  Property developer Tropicana Corporation Berhad on 11 May announced its unaudited financial results for the first quarter ended 31 March 2015. For the first quarter under review, the Group recorded revenue of RM390.9 million or 54.7% increase from RM252.7 million in the same period in 2014. The Group’s profit before tax (PBT) rose 137% to RM41.1 million, up from RM17.3 million a year ago, whilst net profit attributable to shareholders increased by 146.3% to RM19.3 million against RM7.8 million in 2014. .....more Ddetail
• Connectivity between S'pore and Kuala Lumpur top agenda at annual Leaders Retreat
  JOHOR BARU: The connectivity between Singapore and Kuala Lumpur is expected to be one of the highlights discussed at the 6th Malaysia-Singapore Leaders Retreat. .....more Ddetail
• Positive market movement in Johor
  PETALING JAYA (May 6): The property market in Johor showed positive market activity in 2014. A total of 58,547 transactions with total value of RM33.05 billion was recorded, according to the recently released “Property Market Report 2014” by theNational Property Information Centre (Napic) .....more Ddetail
• PROPERTY SNAPSHOT What’s affordable in Mont’Kiara?
  Kuala Lumpur-Looking for a place in swanky Mont’Kiara? The enclave offers condos of various sizes and prices to suit many middle class budgets. .....more Ddetail