MELBOURNE (Nov 22): Australia's Centro Properties won investors' support on Tuesday for its restructuring plan to create a new A$3.4 billion (RM10.68 billion) listed property trust, thus avoiding collapse under a heavy debt load.

LONDON (Nov 22): British investors own less than half the office properties in London's City financial hub, with foreign ownership of towers such as the Gherkin likely to continue, a report said.

SINGAPORE (Nov 22): IJM Land Bhd, a leading property developer in Malaysia, is set to mount a roadshow to launch the Canal City project in the Klang Valley early next year.

Chief executive officer and managing director Datuk Soam Heng Choon said:"We are going to launch the Canal City in the Klang Valley middle of next year.

KUALA LUMPUR (Nov 22): Mah Sing Group Bhd's profits for 3QFY11 ended Sept 30 surged 45.64% to RM43.22 million or 5.2 sen a share, up from RM29.68 million in the corresponding period last year.

Profit was driven by stronger revenue which rose 48.41% to RM420.7 million up from RM283.46 million in the same quarter last year.

KUALA LUMPUR (Nov 22): Axis Real Estate Investment Trust (Axis REIT) saw a good response to its shares placement exercise.

KUALA LUMPUR (Nov 22): The Selangor State Development Corp (SSDC) has rejected Nagamas International Bhd's application to extend the negotiation period to explore a potential joint development of a 1,500-acre tract in Ulu Bernam, Hulu Selangor, possibly freeing up the opportunity for other players.

KUALA LUMPUR (Nov 21): The Master Builders Association of Malaysia (MBAM) is concerned that the construction sector may underperform this year if the sector's fourth quarter (4Q) performance does not improve substantially, it said in statement on Monday.

SINGAPORE (Nov 21): Real estate developer Mulpha Australia Ltd is seeking high net-worth individuals, especially from Singapore, Hong Kong and Shanghai, to purchase five units of its ultra-luxury residences on Australia's premier island resort of Hayman.

Each of the units has an estimated value of A$20 million (RM63.18 million).

KUALA LUMPUR (Nov 21): Mah Sing Group Bhd's earnings jumped 45.6% to RM43.22 million in the third quarter ended Sept 30, 2011 from RM29.67 million while up to Nov 15, its sales had exceeded RM2 billion.

An examination of the kudos conferred on Penang in the past three years reveals a set of key ingredients that are central to the success story, characterised by its people, places and practices.