KUALA LUMPUR: Haily Group Bhd (HGB), one of the key players in Johor’s construction industry, remains optimistic about its growth prospects as it continues to secure contracts and expand its footprint in Johor’s property development sector. With a robust order book of 26 ongoing projects valued at RM857.93 million, HGB is well-positioned to capitalise on the state’s economic growth and ongoing...
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PETALING JAYA: LBS Bina Group Berhad, a developer guided by people-first values, clinched the award for “Highest Growth in Profit After Tax Over Three Years” under the property sector category at The Edge Billion Ringgit Club Awards 2024. The event was held at St. Regis, Kuala Lumpur, and officiated by Prime Minister Datuk Seri Anwar Ibrahim. The award, presented to LBS deputy CEO Lucas Lim Kim...
THE residential property market, which has seen steady growth so far this year, is expected to continue its positive trajectory for the remainder of 2024, according to property consultants.Despite the upbeat outlook, they expect moderate growth in terms of value and volume. Source link...
JOHOR BAHRU: Industrial REIT AME Real Estate Investment Trust (AME REIT) recorded a 6.7% increase in net property income (NPI) to RM11.4 million in the first quarter ended June 30, 2024 (1Q25) from RM10.7 million in the previous corresponding quarter (1Q24). The growth was driven by a 8.2% rise in rental income to RM12.3 million from RM11.4 million previously, attributed to contribution from an...
KUALA LUMPUR: The government will continue to provide continuous support to stimulate growth in the real estate sector, including extending full stamp duty exemption for first-time house buyers for houses worth up to RM500,000 until December 2025. Department of Valuation and Property Management (JPPH) director-general,...
PETALING JAYA: I-Berhad (I-Bhd), master developer of i-City, today announced a RM100 million investment pledge in Redeemable Preference Shares from its major shareholder Tan Sri Lim Kim Hong. The financial backing is geared towards expediting property development pipeline in i-City, to leverage the anticipated upswing in the property market. It also underscores a strong vote of confidence in...
KUALA LUMPUR: The Malaysian real estate sector’s growth is expected to continue this year despite the impending increase in Sales and Service Tax (SST) rate to 8% from 6% from March 1, according to international property consultants Rahim & Co International Sdn Bhd. Rahim & Co director of research and strategic planning Sulaiman Akhmadi Mohd Saheh said the market’s impressive performance in...
KUALA LUMPUR: Resolving the labour issues in the country this year will help the property market to pick up its momentum moving forward after having faced the labour crunch since the COVID-19 pandemic. Sime Darby Property Bhd's (SDP) group managing director Datuk Azmir Merican said the group is positive that it would overcome challenges as the property market is hopeful for growth next year. “I think...
Renewed Growth in Johor’s Iskandar Malaysia Offers Property Investment Opportunities Regional development plans and an influx of investment are expected to elevate Iskandar Malaysia’s property market to greater heights. The Iskandar Malaysia corridor in Johor has seen significant progress since its inception in 2006 as the country’s first economic growth corridor. With RM368 billion worth of...
KUALA LUMPUR: Axis Real Estate Investment Trust (Axis-REIT) remains steadfast in its investment objective of acquiring high-quality, accretive properties with strong recurring rental income. “We shall continue to evaluate acquisition targets of Grade A logistics facilities and well-located manufacturing facilities with...