Analysts optimistic market is turning around

By THE STARHIGH take up rates for some recent property launches could be an early sign that the local property market is bottoming out and is starting to turn around like other regional markets after an 18-month slump, property analysts say. They pointed to the fact that three project launches over the past month, from [...]


Time to sharpen saws and make a difference

By THE STARWITH signs of the economy and property market bottoming out in the coming months, developers should get back in shape and ready themselves for a more active pace and competition from their peers. After a long lull that started around September last year, things will start to pick up again if all goes [...]


Too early to rejoice, say developers and consultants

By THE STAR DEVELOPERS and consultancies are taking a cautious stand on analysts’ optimism that the market is finally turning around. While they rejoice over the positive signs, they are of the view that “it is too early to tell” if the sector has turned from the worst. “The issue is sustainability,” two developers and [...]


PNB not likely to take SP Setia private

By THE STAR PETALING JAYA: There is a possibility for Permodalan Nasional Bhd (PNB) to raise its 32.9% stake in SP Setia Bhd to the takeover trigger threshold of 33%, but industry observers believe the investment institution is unlikely to take the property company private or meddle in its affairs. “It will be a very [...]


Supportive plans to buy foreign distributor

By THE STAR GEORGE TOWN: Supportive International Holdings Bhd plans to acquire a foreign supply chain-cum-distribution company this year. The acquisition of such a company was in line with the group’s plans to produce its own brand of audio-visual consumer electronics products soon, executive chairman Lee Kuang Shing told StarBizWeek. An artist’s impression …


Mah Sing expects to conclude talks with PNB soon

By BUSINESS TIMESPROPERTY developer Mah Sing Group Bhd (8583)expects to conclude talks with the country’s largest fund manager Permodalan Nasional Bhd (PNB) soon to jointly develop the latter’s landbank in Kuala Lumpur and Johor.Mah Sing group managing director Tan Sri Leong Hoy Kum said it has been discussing and exploring the possibility of working with [...]