KUALA LUMPUR: Gamuda Bhd's net profit fell 38.3% to RM43.29 million in the fourth quarter ended July 31 compared with RM70.2 million a year ago due to sharply higher operating expenses.

Gamuda said on Sept 29 that revenue, however, rose 10.68% to RM942.24 million from RM851.3 million. Earnings per share were 2.16 sen compared with 3.50 sen.

Due to time constraints, speakers at The Edge Investment Forum on Real Estate 2009: 'Residential property values: How low can we go?' were unable to take all the questions from the floor. Participants were invited to send in additional questions and indicate to whom they were directed.

Lower interest rates on housing loans, very attractive packages from property developers and more “realistic” property prices are calling out to consumers... but is it a good time to buy?

Travelling along the SILK highway approaching the town of Kajang, Selangor, one can see numerous property developments. The town famous for its satay is now seeing its vicinity become more vibrant due to improved infrastructure that has increased the investment prospects of the properties in this area.

The property market in Penang seems to be perking up a little as a few developers have decided to take action to spur sales in light of the slowdown.