SHAH ALAM: SP Setia Bhd posted a 30% year-on-year jump in net profit to RM327.97mil for its financial year ended Oct 31, 2011 (FY11). The property developer attributed this mainly to higher selling prices for new launches and the stabilisation in the prices of construction materials. Revenue also increased 27.9% to RM2.23bil ... Read More

Billed as the current government's biggest infrastructure exercise since it assumed office in March 2008, the projects have been tagged at RM8 billion and reportedly conducted via open tender. Chief Minister Lim Guan Eng had said the projects would comprise a third (tunnel) link connecting Gurney Drive on the island ... Read More

1818, a luxurious residential development by BSG Property located along Tingkat Permai within the established township of Gelugor, Penang. This development comprises 18 units of 3-storey terrace and 18 units of 3-storey semi-detached houses. it is within 10 minutes drive to Penang Bridge. Property Project : 1818 Location : Gelugor, Penang Property Type : 3-Storey ... Read More

Avid cyclists can now have an enjoyable ride on the new eco-bike trail at the Balik Pulau Sports Complex in Penang. Penang Municipal Council Recreation, Tourism and International Affairs director Mohamed Akbar Mustapha said the council spent approximately RM30,000 to put up 51 signboards for cyclists along the 20.5km bike ... Read More

Setia Greens - Citrus 1 & 2, is the latest addition to Setia Greens in Sungai Ara, Penang. This new development comprises 18 units of 3-storey semi-detached houses. Property Project : Setia Greens Location : Sungai Ara, Penang Property Type : Semi-Detached Land Area: 32′ x 78′ ft. onwards Built-up: 3,136 sq.ft. onwards Total Units : 18 ... Read More

Eastern & Oriental Bhd (Dec 1, RM1.41) Maintain outperform at RM1.39 with revised target price of RM2 (from RM1.98): Although annualised 1HFY12 core net profit was only 30% of our forecast, it is in line as future quarters should be stronger. We make no change to our target basis of ... Read More

Raffles Residence 199, another residential development by BSG property located along Jalan Bukit Gambier within the established township of Gelugor, Penang. This development comprises 199 units of 3-storey terrace houses and it is within 10 minutes drive to Penang Bridge. Property Project : Raffles Residence 199 Location : Gelugor, Penang Property Type : ... Read More

Raffel Tower, 29-storey prestigious condominium built within Bukit Gambier, Gelugor. True essence of luxury 260 elite residences with only five units per floor, picture-perfect scenes abound wtih  sea view and hill view. Property Project : Raffel Tower (formerly known as Raffles Tower) Location : Gelugor, Penang Property Type : Condominium Tenure : Freehold Total Units : ... Read More

GEORGE TOWN: A deal for a developer to redevelop one of the state’s oldest landmarks on Penang Hill — Crag Hotel — appears to have stalled, due to an alleged exclusion of surrounding properties in the hotel’s vicinity.Business Times has learnt that although Sri Nisuh Sdn Bhd had been initially ... Read More

Malaysian Resources Corp, a property and construction group, rose to a two-week high in Kuala Lumpur trading after it won a RM40.3 million contract to carry out coastal protection works in Penang.The stock climbed 2.6 percent to RM1.99 at 9:05 a.m., set for its highest close since Nov. 17. -- ... Read More