Malaysian integrated builder conglomerate, Chin Hin Group Bhd, witnessed a 24% decrease in net profit for Q1FY2023. However, the company remains resilient and announces exciting property launches in Ayanna Bukit Jalil and Avantro Bandar Kinrara, expanding their impressive portfolio. Chin Hin Group Bhd's net profit for the first quarter ending March 31, 2023 (1QFY2023) declined to RM20.05 million, compared...

Sheng Tai International Sdn Bhd has revealed its collaboration with renowned fashion brand KARL LAGERFELD in the unveiling of the KARL LAGERFELD Tower within the RM6.5 billion The Sail development located in Kota Laksamana Melaka. Set to be completed in 2030, the KARL LAGERFELD Tower will feature a combination of hotel and residential units, though specific details are yet to be confirmed as the project is...

SkyWorld Development Bhd has reached new heights with the completion of its latest project, The Valley Residences, located in Setiawangsa. This development marks SkyWorld's tallest residential building to date and also holds the distinction of being the tallest residential building in Setiawangsa, according to the developer's media release. With a gross development value of RM761 million, The Valley...

IJM Land is set to launch Riana Trees Residences, the latest residential development within the Pantai Sentral Park integrated development, this weekend. Following the successful launches of Inwood Residences and Secoya Residences, Riana Trees Residences aims to continue the momentum. Both earlier projects have been fully taken up. Spanning 3.36 acres of land, Riana Trees Residences will be a low-density...

Capitalisation rates (cap rates) of commercial properties across the Asia-Pacific region are likely to continue rising for the rest of the year, with higher borrowing costs and economic uncertainty expected to push rates up by between 75 basis points (bps) and 150bps within the next six months, according to a survey by international commercial real estate services firm CBRE. According to its...

Signature International Bhd, a kitchen cabinet maker, has announced the sale of its aluminium and facade businesses for RM17.53 million in response to increasing challenges in the construction market, including cost overruns and rising project material costs. The proceeds from the divestment will be utilized for working capital and repayment of bank borrowings, according to Signature's filing with Bursa...

IGB Bhd is expecting a positive turn in its hotel sector, largely driven by the reopening of its 390-room Boulevard hotel nestled in Mid Valley City, scheduled for July 2023. The company's hotel segment will also be boosted by a year-round contribution from St. Giles Southkey hotel in Johor Bahru, which commenced operations on August 31, 2022. The St. Giles Southkey is part of the Mid Valley Southkey,...

Is short-term rental accommodation (STRA) a feasible answer to the nation's rental and property excess concerns? Turning unused property into STRA may offer homeowners a viable option to generate supplemental income to cover their monthly mortgage expenses, despite it possibly causing inconvenience for other unit owners, suggests Albert Tan, a financial adviser with expertise in real estate dealings. Tan...

Bon Kiara, located in the sought-after suburb of Mont'Kiara in Kuala Lumpur, offers residents a unique approach to effortless living. Unlike relying solely on smart technologies, boutique developer BON Estates focuses on the comforts of home and a vibrant neighborhood, delivering a simple yet meaningful quality of life. According to CEO Chan Jin-Wy, "Effortless living means going back to the...

In the latest development involving the Malaysia My Second Home (MM2H), the government will “set the requirements” to divide the programme into three categories. Tourism, Arts and Culture (Motac) minister Datuk Seri Tiong King Sing said each of the three categories, Platinum, Gold, and Silver, will require a different amount of permanent applicants’ savings, The Star reported. "We will review the...