KUALA LUMPUR: Young families and adults age 31 to 45 will probably lead the recovery in the US residential property market, according to real estate experts.Dubbed Generation X, this group makes up 32% of home-buying age Americans.

Gamuda
Earnings uptrend intact

Gamuda
2QFY11 : On the right track

Bank of China – China

KUALA LUMPUR: Gamuda Bhd reported a net profit of RM94 million in the second quarter (2Q) for the financial year ending July 31, 2011, an increase of 20% compared to RM78 million recorded in the preceding year corresponding quarter due to higher contribution from all divisions.

GEORGE TOWN: The Penang Barisan Nasional (BN) congratulated Chief Minister Lim Guan Eng for taking up its advice to sue whoever the state deems is responsible for any wrong-doing in the Pulau Jerejak issue.

Its working committee chairman Datuk Dr Teng Hock Nan said he was happy that Lim had finally taken the right approach to solve the matter.

TOKYO: Global commercial real estate firm Jones Lang LaSalle is donating ¥100 million (RM3.7 million) to the Japanese Red Cross to provide aid and relief to Japan following the earthquake and Pacific Tsunami that have left massive destruction to the country.

The Red Cross is a charitable organisation that depends on volunteers and the generosity of the public to perform its mission.

KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB) has officially launched its latest residential development 6 CapSquare — located within the 15.2-acre integrated development of CapSquare — which aims to capture the urban professional market, as it is surrounded by Jalan Dang Wangi, Jalan Munshi Abdullah and Jalan Ampang.

KUALA LUMPUR: Eastern & Oriental Bhd's (E&O) two wholly-owned subsidiaries — E&O Property Development Bhd and Samudra Pelangi Sdn Bhd — have disposed of their entire securities interest in Fututech Bhd for a total cash consideration of RM8,780,103.93.

KUALA LUMPUR: Moody's Investors Service is cautious about Singaporean industrial real-estate investment trusts’ (S-REITs) plans to expand into China due to a number of business risks, particularly because of the legal and regulatory environment.