KUALA LUMPUR (Nov 11): Iskandar Investment Bhd (IIB) flagship development Medini in Johor has roped in local property developer Darul Tinggi Sdn Bhd for the development of a RM600 million high-rise condominium project in Medini.

KUALA LUMPUR (Nov 11): Dijaya Corporation Bhd and Ivory Properties Group Bhd have signed a joint venture (JV) agreement to develop mixed residential and commercial properties in Penang with a gross development value (GDV) of RM10 billion.

KUALA LUMPUR (Nov 11): The Nomad Group Bhd has renewed its contract with Accor, a leading global hotel operator, to manage its Novotel Kuala Lumpur City Centre (Novotel KLCC) hotel for another five years after the previous contract had expired.

KUALA LUMPUR (Nov 11): United Malayan Land Bhd (UM Land) has proposed to acquire 332.68 acres (133ha) in Iskandar Malaysia, Johor, through the purchase of Tentu Teguh Sdn Bhd. This will expand its landbank there at the low price of just over RM4 per sq ft (psf).

WASHINGTON: The uncertain market conditions amid the Eurozone debt crisis continues to affect buyers in the 55+ housing market. According to the US National Association of Home Builders (NAHB), builder confidence in the 55+ housing market for single-family homes has dropped three points to 12 year-on-year (y-o-y).

PETALING JAYA (Nov 11): Dijaya Corp Bhd and Ivory Properties Group Bhd have asked for a one-day suspension in trading of their shares on Friday pending a material announcement. There is market speculation that the two developers could tie up to undertake a major property project on Penang island, where Ivory Properties is one of the most prominent developers.

KUALA LUMPUR (Nov 11): Benalec Holdings Bhd on Thursday announced that it has received approvals for reclamation works totalling 5,245 acres (2,122.6ha) in Pengerang and Tanjung Piai, Johor.

KUALA LUMPUR (Nov 11): Sime Darby Bhd has yet to appoint representatives for the Eastern & Oriental Bhd (E&O) board since it bought a 30% equity stake in the property firm over a month ago.

The conglomerate's president and CEO Datuk Mohd Bakke Salleh said it would do so "in due time".

KUALA LUMPUR (Nov 11): The larger-than-expected crowd at the newly opened Resorts World New York (RWNY) gives a big boost to Genting Malaysia Bhd's (GenM) share price.

The casino stock climbed to a 52-week high of RM3.87 during the week when its Aqueduct racino commenced operations on Oct 28.

KUALA LUMPUR (Nov 11): Eversendai Corp Bhd has seen a 25% quarter-on-quarter (q-o-q) decrease in its 3QFY11 ended September net profit to RM30.72 million, from RM40.84 million in 2Q. Its cumulative net profit for its three quarters is RM97.04 million.