HONG KONG: China’s residential real estate slump deepened again in July despite the country’s most forceful efforts yet to support the property market.The value of new-home sales from the 100 biggest real estate companies slumped 19.7% from a year earlier to about 279 billion yuan (US$38.6bil), faster than the 17%...
KUALA LUMPUR: The Real Estate and Housing Developers’ Association Malaysia (Rehda) is targeting a sales value of more than RM30 million at the three-day Malaysia Property Exposition (MAPEX) 2024. Rehda vice-president Datuk Chan Kin Meng said the target was set due to sales of RM30 million raked in over the weekend...
KUALA LUMPUR: S P Setia Bhd recorded total sales of RM5.1bil in the financial year ended Dec 31, 2023 (FY23), outperforming its target of RM4.2bil by 21%. The developer said the higher sales was driven by strong demand for the group’s offerings and land monetisation. Its local projects accounted for a significant...
PETALING JAYA: LBS Bina Group Bhd aims to secure RM1.8 billion in property sales for 2024 based on a positive outlook for the Malaysian property market. The group concluded 2023 with RM1.70 billion in property sales, missing its initial target of RM2 billion. This year, the property developer planned to launch 10 new projects encompassing 4,858 units with a total gross development value (GDV) of RM2.33...
KUALA LUMPUR: Matrix Concepts Holdings Bhd achieved RM310.8mil in new property sales in the second quarter of its 2024 financial year, with the lion's share of the sales stemming from Sendayan Developments. With the latest quarter, the property developer's new property sales in 1HFY24 rose to RM616.1mil. The group's...
THE recently concluded financial reporting season saw many developers achieving sound results and being on track to meet, if not surpass, their sales targets for the current financial year.Analysts attribute the improved earnings performance to a pick-up in the property market, better buyer and investor sentiment and...
PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) growth is expected to be driven by the redevelopment of Stadium Shah Alam and Kuala Lumpur Sentral Station, its RM30bil tender book and the newly launched RM1.2bil Vista residential project in the Gold Coast, Australia. Its strategy to expand business overseas has...
KUALA LUMPUR: S P Setia Bhd said it registered total sales of RM2.56bil in the first half of 2023 with local projects contributing RM2.19bil or 86% of the sales. In a statement, the group said the central region was the biggest contributor to the sales with RM1.49bil, while the southern and northern region contributed...
SINGAPORE’S commercial shophouse sales received a boost in the second quarter of 2023, on the back of higher additional buyer’s stamp duty (ABSD) rates for residential properties.Between April and June 2023, 43 shophouses changed hands for S$414mil (RM1.4bil). This is up from the 32 deals in the previous quarter, a...