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.

KUALA LUMPUR (Nov 11): Shangri-La Hotels (M) Bhd registered a 38% year-on-year decrease in net profit to RM16.5 million for 3QFY11 ended Sept 30, while revenue was 0.8% lower at RM111 million.

In its announcement to Bursa Malaysia on Thursday, the group attributed the decline to higher write-offs of fixed assets and costs charged in 3Q for its guestroom renovation.

KUALA LUMPUR (Nov 11): Equine Capital Bhd posted a 91.4% year-on-year jump in net profit to RM12.02 million for 2QFY12 ended Sept 30.

Revenue was up 115% in the same period to RM99.2 million, boosted by its property development segment, according to its announcement to Bursa Malaysia on Thursday.

KUALA LUMPUR (Nov 11): Harvest Court Industries Bhd has accepted an award to construct commercial and residential developments for Sagajuta (Sabah) Sdn Bhd, a property developer controlled by its new substantial shareholder Datuk Raymond Chan Boon Siew.

MELBOURNE (Nov 11): S P Setia Bhd's maiden Australian venture, Fulton Lane apartments, has achieved strong sales to date. With a gross development value (GDV) of A$470 million (RM1.5 billion), Fulton Lane comprises two towers of 28 storeys and 45 storeys, with a retail component on the ground level.

KUALA LUMPUR: The new mixed development 1Likas in Kota Kinabalu, Sabah will feature Starwood Hotels & Resorts Worldwide’s fourth Four Points by Sheraton hotel in the country. With a gross development value of RM850 million, 1Likas is a joint development between Gandingan Erajuta and Sabah Energy Corp Sdn Bhd (SEC), as the landowner.

KUALA LUMPUR: Armada Bayumas Sdn Bhd plans to launch the first phase of its residential development, Bandar Indera Mahkota 2, in Kuantan, Pahang early next year.Phase 1 comprises 148 two-storey terraced houses with a gross development value (GDV) of RM45 million. Indicative selling prices are from RM318,000, said Armada Bayumas CEO Datuk Lai Yeng Fock.

PETALING JAYA: Malaysia Property Inc (MPI) and its delegation of six major Malaysian developers expect to increase awareness among regional real estate players on Malaysian real estate investment opportunities at its debut participation in MIPIM Asia 2011.Set up in February 2008, MPI is a government initiative under the Economic Planning Unit created to bring real estate investment into Malaysi

MELBOURNE: S P Setia Bhd’s maiden Australian venture, Fulton Lane apartments, has achieved strong sales to date. With a gross development value (GDV) of A$470 million (RM1.5 billion), Fulton Lane comprises two towers of 28 storeys and 45 storeys, with a retail component on the ground level.Of the 291 units in the shorter tower offered for sale in June, 80% have been sold.

KUALA LUMPUR: A more cautious Kuala Lumpur property market can be expected next year following the current global market turmoil, said property consultancy DTZ in its Kuala Lumpur 3Q 2011 Property Times report.