KUALA LUMPUR: Size matters. This is the message that property developers have been sending out recently, as seen from the slew of tie-ups among the big names.

In the span of a month, three significant proposed mergers among property developers have emerged in the market, and all with the objective of building up size.

Major KL LRT extension work packages finally out

When Mah Sing Group Bhd previewed its M Suites in Jalan Ampang in September, the response was encouraging enough to get the company searching for another piece of land in the area.

Penang market moving sidewaysThe Penang residential property market is moving sideways, with prices expected to reach a plateau soon. The market may face an “interesting tipping point where prices may slip or hold steady” in 4Q2010, says Raine & Horne International Zaki + Partners director Michael Geh.

Mahabuilders Bhd, which is also known as the “white knight” of Johor for its track record in reviving abandoned housing developments in the state, is developing its own projects on undeveloped land now. In fact, it embarked on its first luxury residential development called Horizon Residence in Johor recently.

KUALA LUMPUR: LFE Corporation Bhd has posted net loss of RM2.07 million for its third quarter (3Q) ended Sept 30, 2010, from a net profit of RM659,000 a year ago on lower revenue.

Its turnover plunged 69.8% to RM13.35 million from RM44.27 million a year ago on lower contribution from its construction activities, it announced to Bursa Malaysia on Friday, Nov 26.

KUALA LUMPUR: Lebar Daun Bhd has posted a net loss of RM1.1 million for its third quarter (3Q) ended Sept 30, 2010, from net profit of RM359,000 a year ago on the back of impairment allowance for trade receivables not provided for a year ago.

KUALA LUMPUR: Bertam Alliance Bhd's net profit surged to RM2.28 million for its third quarter (3Q) ended Sept 30, 2010, from RM574,000 a year ago on higher operating income.

Revenue more than doubled to RM13.38 million from RM5.77 million, it announced to Bursa Malaysia on Friday, Nov 26.

KUALA LUMPUR: Brem Holding Bhd's net profit rose 32.9% to RM4.49 million for its second quarter ended Sept 30, 2010, from RM3.01 million a year ago on higher revenue.

Turnover inched up to RM28.63 million from RM28.55 million a year ago, it announced to Bursa Malaysia on Friday, Nov 26.

KUALA LUMPUR: Farlim Group (Malaysia) Bhd's revenue surged to RM3.65 million for its third quarter (3Q) ended Sept 30, 2010 from RM618,000 a year ago on higher revenue.

Turnover rose 36.1% to RM24.63 million from RM18.09 million a year ago, it announced to Bursa Malaysia on Friday, Nov 26.