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Rentak Arena gets busy

If you drive along Jalan Dataran SD 2 in Bandar Sri Damansara, Kuala Lumpur, chances are you will notice a prominent high-rise structure among light industrial buildings and residential properties.

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Cautious but poised for upturn

After a generally lacklustre year so far, the Klang Valley office occupancy and rental market will likely stabilise and improve in 4Q2009, says Knight Frank Malaysia executive director Sarkunan Subramaniam.“Despite the lacklustre office market performance anticipated earlier, we expect activities to increase in the later part of the year towards 4Q as businesses regain confidence,” says Sarkuna

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AmResearch maintains Buy on IGB

KUALA LUMPUR: AmResearch is maintaining its Buy call on IGB Corp (IGB) at revised fair value of RM2.80 per share (previously RM2) based on 30% discount (previously 50%) to its net asset value (NAV) estimate of RM4.

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World housing market showing signs of recovery

KUALA LUMPUR: The world's housing markets are showing signs of recovery, with seven countries having emerged from the house price slump, according to Global Property Guide.After experiencing declines in 2008, house prices in China, Portugal, Australia, New Zealand, France, Sweden and Hong Kong rebounded during the latest reported quarter, 2Q 2009.In its survey of world-wide house price indices,

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Mudajaya 2Q net profit jumps 95% to RM26.5m

KUALA LUMPUR: Mudajaya Group Bhd posted a strong 2Q earnings of RM26.48 million, a surge of 95% from RM13.59 million a year ago, as earnings from its construction sector picked up.It said on Aug 26 revenue rose to RM182.73 million from RM101.24 million. Earnings per share were 7.11 sen versus 3.64 sen.For the first half, net profit was RM40.52 million compared with RM26.66 million.

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IOI Corp hit by impairment for Singapore project

KUALA LUMPUR: IOI Corp earnings for the fourth quarter ended June 30, 2009 (4Q09) fell 18.4% to RM487.07 million compared with RM597.28 milion a year ago after it was affected by an impairment loss of RM242.8 million recognised on a development property in Singapore.

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Better quarters ahead for SunCity

Maybank Investment Research said Sunway City (SuncCity) posted a weak 4QFY09 (RM18 million) net profit on slower sales, construction delays and the absence of new launches.However, sales have since picked up strongly, it said in a research note issued on Aug 25.

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Cover: University town in the making

Kampar reinvents itselfI’ve not lived in Kampar for very long — just 70 years!” quips long-time resident Wong Kim Foo. “From the 1940s to the 1970s, Kampar depended on the tin mining industry.

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Safeguarding landlords’ interest

Landlords with bad tenants have limited legal means in Malaysia to rectify their plight. A survey among landlords undertaken by online portal Hi5er Club found a lack of regulations on the relationship between landlords and tenants.

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My Space: Don’t just jump in

Among those at a get-together of Mont’Kiara home owners on Aug 15 was a family of four. Just as they sat down, their friend stopped by, declaring excitedly that he had just come from a new condominium launch in Petaling Jaya.

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