Sunrise Q3 revenue up 85pc

By BUSINESS TIMESPROPERTY developer Sunrise Bhd registered revenue of RM162.66 million, an increase of 84.9 per cent from RM87.99 million for the third quarter ended March 31 2007.The company’s net profit in the January-March 2007 period rose 24.6 per cent to RM27.96 million from RM21.08 million achieved in the previous corresponding period.For the nine months [...]


HK developer believes properties are good investments

By THE STARHONG Kong-based hotelier and property developer Tan Sri David Chiu has been flying in and out of Malaysia so often that he is often mistaken for a Malaysian.“On the plane coming in, the crew will say I do not need an immigration card. I tell them, I do need one. They think I [...]


Property developer DNP poised for better times

By THE STARPROPERTY stocks have been attracting much attention lately, largely due to the behemoth Iskandar Development Region in Johor, with the government looking to develop the area and looking at a whopping RM50bil in investments over the next five years.Other than the said development, the recent abolishment of real property gains tax has also [...]


Pelangi to launch JB project in Q3

By THE STARKUANTAN: Pelangi Bhd will launch its new commercial project, Pelangi Junction, in Johor Baru in the third quarter of this year.Chief executive officer Azmar Talib said the project would be the latest instalment of its commercial portfolio, which was currently contributing 50% to company revenue.“We have yet to determine the gross development value [...]


SelProp to launch two stalled projects by next year

By THE STARKUALA LUMPUR: Selangor Properties Bhd (SelProp) will launch two projects, which have been stalled for some time, by early 2008, said financial controller Lee Boon Kian.The projects are a 107-unit high-end condominium along Jalan Batai, Damansara Heights, and a joint venture with E&O Properties Bhd for offices and serviced apartments on a 6.5-acre [...]


Plaza Merdeka to be Kuching’s new landmark

By THE STARKUCHING: Times Metropolitan Sdn Bhd is developing the proposed RM270mil Plaza Merdeka project in the heart of the city. An integrated shopping mall and a 290-room boutique business hotel development, the project is part of a revitalisation programme for the city’s landmark historic district. Standing on the project site now is …