Fajarbaru upbeat on property segment s outlook in Malaysia and Australia
The Group also proudly announced the completion of its first residential project in Malaysia - Rica Residence @ Sentul.
KUALA LUMPUR, May 6, 2021 - (ACN Newswire) - Fajarbaru Builder Group Bhd, a Bursa Malaysia Main Market listed company primarily involved in construction and property development, is upbeat on its property segment s outlook in anticipation of the economic recovery supported by the National Covid-19 Immunisation Programme. The company is also looking to launch new property projects towards second half of this year once market conditions improve.
The Group recently completed its maiden development Rica Residence @ Sentul on schedule, and started handover in mid-March this year. The handover was originally due to kick off up to 3 months earlier, but was delayed due to MCO restrictions.
KUALA LUMPUR (April 30): Based on corporate announcements and news flow today, companies that may be in focus on Monday (May 3) include: FGV Holdings Bhd, MSM Malaysia Holdings Bhd, IHH Healthcare Bhd, Mr DIY Group (M) Bhd, Priceworth International Bhd, KLCCP Stapled Group, Sapura Resources Bhd, Sapura Energy Bhd, Malayan Banking Bhd, Al- Aqar Healthcare REIT, Top Glove Corp Bhd, Fajarbaru Builder Group Bhd and Sarawak Oil Palms Bhd.
FGV Holdings Bhd s (FGV) subsidiaries,
MSM Malaysia Holdings Bhd (MSM) and FGV Integrated Farming Holdings Sdn Bhd (FGVIF), have entered into a binding term sheet on the respective disposal and acquisition of a 100% stake of MSM s wholly-owned subsidiary MSM Perlis Sdn Bhd. With an initial disposal consideration of RM175 million, the agreement is set to be completed by the third quarter of this year.
is upbeat on its property segment’s outlook in anticipation of the economic recovery, supported by the National COVID-19 Immunisation programme.
In a statement, group chief executive officer Datuk Seri Eric Kuan Khian Leng said it is also looking to launch new property projects, including Rica Residence @ Kinrara project, a condominium development concept, towards the second half of this year once market conditions improve.
Fajarbaru Builder also has property development interest in Australia.
Currently, it is developing its third project, comprising 15 residential two-storey houses along Merri Creek in Northcote, Melbourne.
Going forward, Kuan said Fajarbaru is looking to expanding its local property development footprints not just in the Klang Valley, but also into Penang and Putrajaya once the economy fully reopens.
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Industronics Bhd up five sen to 54 sen
Sin Heng Chan (Malaya) Bhd up two sen to 58 sen
Samchem Holdings Bhd up a sen to RM1.47
Jade Marvel Group Bhd up 12 sen to RM1.27
Fajarbaru Builder Group Bhd up 4.5 sen to 72.5 sen
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