Daily Industry News Update (18 August 2022)

Rescue Act required to save abandoned projects

IN a previous article, FocusM had highlighted the seriousness of this issue with large number of property buyers left stranded with unfinished projects.

SP Setia’s 2Q net profit grows 7.07% to RM80m

SP SETIA Bhd’s net profit for the second quarter ended June 30, 2022 (2Q22), grew by 7.07% to RM80.1 million compared to RM74.81 million last year, supported by higher volume of project development.

AME REIT aims to expand industrial property portfolio to central, northern regions

I REIT Managers Sdn Bhd, the management company of AME Real Estate Investment Trust (AME REIT), aims to expand AME REIT’s portfolio beyond Johor into central and northern