PPB's Wilmar eyes property projects - report
PPB Group Bhd's 18.3%-owned associate, Wilmar International Ltd, is capitalising on newly appointed chief operating officer Pua Seck Guan's expertise to undertake property projects.
PPB Group Bhd's 18.3%-owned associate, Wilmar International Ltd, is capitalising on newly appointed chief operating officer Pua Seck Guan's expertise to undertake property projects.
S P Setia noted that the local property industry continues to face challenges due to current economic uncertainties, with a weaker ringgit, lower oil price, rising costs of living after the implementation of the goods and services tax, and tighter lending from banks
Proposed Bayan Lepas alignment part of first phase of Transport Master Plan
Funding likely via internal funds from its two Australian projects.
To date, the group has launched RM3 billion worth of properties in KL Eco City, which include a 35-storey strata office tower with a gross development value (GDV) of about RM306 million.
Net profit jumped over two times or 130.58% to RM16.48 million in the second quarter ended Sept 30, 2015 (2QFY16), from RM7.03 million a year ago, mainly from its overseas properties division.
The Malaysian Insider (TMI) reported today that Putrajaya has been urged to reconsider its decision to appoint MRCB and George Kent (M) Bhd as its project delivery partner for the Light Rail Transit 3 (LRT3) from Bandar Utama to Klang.
Optimism hinges on expectations that the take-up rate of its new property township would remain robust plus the contribution from its bauxite mining.
This translates to a distribution per unit (DPU) of 2.03 sen compared to 1.9 sen a year ago, according to Pavilion REIT’s filing with Bursa Malaysia yesterday.