Last year, Mah Sing broke the RM1 billion sales mark with total sales of RM1.5 billion sales, beating its initial internal target for the second consecutive year by 50 per cent
"Sales soared 113 per cent year-on-year from RM727 million in 2009.
"The fact that it has achieved total sales of RM975 million as at mid-May, or almost 49 per cent of its sales target for the whole this year is very encouraging," the research firm said, in its first coverage statement on Mah Sing, yesterday.
- Created on Wednesday, 27 July 2011 15:10
This will be satisfied via the issuance of 19.4 million new SP Setia shares at an issue price of RM3.87 per share.
Currently, KLEC is a 60%-owned subsidiary of SP Setia. Upon completion of the proposed acquisition, KLEC will become a wholly-owned subsidiary.
- Created on Tuesday, 26 July 2011 16:29
In a press release, its board of directors announced that the group had received and accepted the letter of acceptance from PDC on July 25.
“We received the letter for the proposal for purchase and development of 102.56 acres of land located in Bayan Mutiara of which 67.56acres are existing land and 35 acres are to be reclaimed for a proposed mixed development.
“The proposed project shall be subjected to the terms and conditions to be mutually agreed upon between the parties in an agreement to be entered into at a later date. Ivory will undertake to make the necessary announcements in due course.
- Created on Tuesday, 26 July 2011 16:25
Its chairman, Lt Gen (Rtd) Tan Sri Wan Abu Bakar Wan Omar said this target was achievable, as the hotel racked up almost RM1 million revenue for last month.
He said the hotel had its own plan to attract clients, especially tourists from both locally and overseas, visiting Terengganu.
"We are also constantly training the staff to provide four-star service even though the hotel is categorised as three-star," he told reporters here today.
- Created on Tuesday, 26 July 2011 15:19
The acquisition will be through the issuance of 19,379,845 new ordinary shares of RM0.75 each in SP Setia at an issue price of RM3.87 per share, SP Setia said in a filing to Bursa Malaysia today.
The KLEC project is an integrated commercial and residential development.
The development was master planned by Jerde Partnership, an international award-winning architect and master planner well-known for integrated mixed-use commercial and residential developments.
- Created on Tuesday, 26 July 2011 14:56
While most property developers are targeting high-end market to ride on the rising income of Malaysians, Hua Yang prefers to focus on the niche, untapped market of medium-cost properties.
Chief executive officer Ho Wen Yan said the company wants to fill the gap in the industry by providing affordable quality homes, especially to first-time home buyers and be a leading affordable housing market player.
"The loan-to-value ratio of 70 per cent for housing loans will not impact our target market (first-time home buyers)," he told Business Times in an interview recently.
- Created on Monday, 25 July 2011 17:54
A valuable luxury for urbanites, Eco-Deck with 80% green features, functions to reduce the overall temperature for a refreshing environment. Also, it creates a soothing ambience for residents with picture perfect scenery of plants, water features, green roofs and trellises.
Ho Hon Sang, Managing Director said, “As a whole, Sunway Vivaldi was designed with green and sustainable features which resulted in the BCA Green Mark certification from Singapore’s Building and Construction Authority. We have also incorporated the ‘Lifestyles of Health and Sustainability’ (LOHAS) philosophy in our design to promote a holistic and environmentally-conscious living environment. “
With a gross development value (GDV) of RM734 million, this luxury condominium development sprawls over 7.7-acre or 30 units per acre of prime freehold land. Most units of the 228 units at the Sunway Vivaldi will be able to enjoy the picturesque view of the Eco-Deck, which includes not just the green features, but also a 50-metre length Olympic swimming pool, alongside squash and tennis courts and also indoor games room.
- Created on Monday, 25 July 2011 17:10
The entire project has a gross development value of RM144.9 million.
Zone J6 sits on a 3.89-acre site, which is being developed by its member company Petaling Garden Sdn Bhd.
- Created on Friday, 22 July 2011 16:34
He said the fund was to help the 1.2 million new villagers own property and improve their social status while upgrading their residential areas.
Addressing more than 2,000 residents of new villages in and around Mentakab here, Muhyiddin said the fund was not to fish for Chinese votes, but a continuation of efforts to help all communities in the country.
- Created on Friday, 22 July 2011 15:43
A development plan for the area is only expected to be finalised in about a year.
"As usual, this is a mixed development and the trend for us is to have a mixed component of retail and service apartment or retail and office, depending on the demand at that time," its chief executive officer Hashim Wahir said after KLCC Property's annual general meeting yesterday.
As part of its risk management measures, KLCC Property only begins building once tenancy and clients for a development have been firmed up.
- Created on Thursday, 21 July 2011 16:51