Home-grown building materials specialist, Chin Hin Group Bhd, has reported an impressive sixfold increase in its net profit for the fourth quarter ended December 31, 2024 (4QFY2023), largely attributed to enhanced earnings from its joint ventures (JVs) and associates, coupled with a notable disposal gain of RM9.12 million from one of its subsidiaries. The group’s net profit soared to RM96.6 million or...
Chin Hin Group Property Bhd has set its sights on expanding its real estate portfolio with the acquisition of a prime freehold land parcel in Penang. The approximately 1.218-acre plot, which is strategically located, is slated to become the site for a new multi-storey serviced residence development. Chin Hin Group Property is acquiring this promising asset from Ivory Properties Group Bhd for a sum of RM40...
In the vibrant neighborhood of Bandar Kinrara, Puchong, lies a tapestry of contemporary living woven into the fabric of serene landscapes and urban convenience. This bustling community is adorned with modern amenities, robust infrastructure, and seamless connectivity, making it an attractive choice for residents seeking a harmonious blend of modernity and tradition. Amidst this lively enclave, two...
Quaver Residences, another prestigious development by the Chin Hin Group, embodies a modern sanctuary nestled in the urban heart of Sungai Besi, Seri Kembangan. This freehold development paves the way for high-rise living, a prevalent trend in today's rapidly urbanizing landscapes. As architects reimagine sustainable housing, Quaver Residences steps forward with its offering of 684 residential units housed...
Discover a new age of urban living at Avantro Residences, nestled in the vibrant locale of Bandar Kinrara, Puchong. Just a stone's throw away from the BK5 LRT Station, Avantro embodies seamless connectivity to the heart of the city. The residences boast a range of unit sizes from 872 to 1,206 sq. ft., each meticulously designed with modern interiors partially furnished by Signature Kitchen, and equipped...
Bukit Jalil, Kuala Lumpur, has become a sought-after destination for those seeking a harmonious blend of modern living and natural tranquility. Two remarkable residential enclaves, Ayanna Resort Residences and Sunway Flora Residences, offer distinctive lifestyles within this vibrant neighborhood. Let's explore the unique features and advantages of each property to help you make an informed...
Chin Hin Group Property Bhd (CHGP) has announced a proposal for a private placement amounting to RM102.36 million to cater to the working capital requirements of its property development projects. This placement will involve the issuance of up to 110.07 million new shares, which represents a maximum of 20% of the group's issued share capital. These shares will be offered to independent investors, the...
Chin Hin Group Property Bhd (CHGP) has teamed up with AFFIN BANK to introduce the AFFIN Home Step Fast/i home financing solutions, offering flexibility and benefits to homebuyers. According to a media release by CHGP, AFFIN Home Step Fast/i allows homebuyers to enjoy the flexibility of low monthly repayments by only servicing the interest for the first five years of their homeownership. With this...
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...
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...
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