HONG KONG: Property developer Greentown China Holdings Ltd said it may jointly set up property companies with total investment capital of five billion yuan (RM323.43 million) with Shanghai-listed Shandong Expressway.
KUALA LUMPUR: Mudajaya Group Bhd fourth quarter net profit surged two-fold to RM41.05 million from RM10.36 million a year ago increased level of activities.
It said on Feb 10 that revenue rose 65% to RM211.76 million from RM128.22 million while earnings per share were 11.02 sen versus 1.50 sen. It declared 10% dividend per share or two sen per share.
PETALING JAYA: MRCB Land will be showcasing its latest residential units for sale in its Bandar Seri Iskandar township in Central Perak on the weekend of Feb 13 & 14 in a special promotional event called “Wish For More…Jom Milik!” Property Sales Celebration.
MRCB Land’s Bandar Seri Iskandar township spans 5,000 acres and will be fuilly completed in 2020.
KUALA LUMPUR: IOI Corp Bhd's net profit for the second quarter ended Dec 31, 2009 (2QFY10) surged 174% to RM461.21 million from RM168.58 million a year ago, thanks to higher profits from property and manufacturing segments and unrealised paper gain on US dollar-denominated borrowings.
PETALING JAYA: Development plans for a vacant site adjacent to the Kota Damansara Community Forest in Kota Damansara in Petaling Jaya, Selangor have not been finalised, said the developer Bonus Focus Sdn Bhd.
HONG KONG: Beijing home prices are expected to maintain a steady course during the remainder of the year, supported by the city mayor's unexpected pledge not to use administrative measures to intervene in the market.
SEOUL: South Korean banks' mortgage lending to households in January posted the smallest monthly gain in four months due to a fall in new home supplies and sluggish winter property trade, central bank data showed on Feb 10.
LOS ANGELES: Hoping to prevent the famed view of the Hollywood sign from being spoiled by development, a group set out on Tuesday Feb 9 to raise US$5 million to buy a nearby hilltop peak once owned by billionaire Howard Hughes.