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Developers build up land holdings

BEIJING: Mainland property developers have shrugged aside concerns over policy measures to curb home sales and are aggressively building up their land holdings.

Naim to venture into China?

KUALA LUMPUR: Naim Holdings Bhd, a Sarawak-based builder and property developer, has signed a memorandum of understanding with three other parties to explore the prospect of collaborating for the development of two community inter-linked smart cities.

Sunway sets sights on record profit for 2010

PETALING JAYA: Sunway Holdings Bhd is looking to surpass the record pre-tax profit of RM180 million that it achieved more than a decade ago in its current financial year ending Dec 31, 2010 (FY10).

Australian housing market cooling as rates work

SYDNEY: Australian home prices rose  moderately in May while sales of new home slipped and consumers cut back on debt, suggesting higher interest rates were working to rebalance the economy to a more sustainable path.

Crescendo Corp 1Q net profit up 6%

KUALA LUMPUR: Crescendo Corporation Bhd's first quarter earnings rose 6% to RM4.812 million from RM4.522 million a year ago and it expects performance to improve in the current financial year.

It said on Tuesday, June 29 that revenue increased 23% to RM44.69 million from RM36.36 million due to higher sales in construction services and concrete products.