*In line

3QFY10 results bore no surprises with relatively flattish trend. We expect extensions of the Suria KLCC mall (phase 2) and Lot C office space, on track for completion in FY11 and FY12 respectively, to deliver 6-12% EPS growth. Buy, for its predictable earnings, iconic assets, and growth prospects. Our RNAV-based TP is RM3.60.

* Core earnings beat HLG and street estimates

SHANGHAI: The investment market turned notably more active at the end of 2009 as investment sentiment improved on the back of ample liquidity, with domestic investors the major buyers.

Sales remain strong

* Interest returning to the sector

NEW YORK: Billionaire Warren Buffett said the US residential real estate slump will end by about 2011, predicting that’s how long it will take demand for homes to catch up with the supply.

KUALA LUMPUR: Axis Real Estate Investment Trust (Axis REIT) plans to apply for MSC status for its core assets, namely Crystal Plaza, Menara Axis and Quattro West, in order to improve rental traction while offering more options to new tenants, said its CEO and executive director Stewart LaBrooy.

When his father told him of plans to demolish some of the pre-war shophouses he owned to make way for a shopping complex, Ng Ping Ho was quick to make his father change his mind. “I have always wanted to do something long term with old shophouses, and at the same time was inspired by certain backpacker places I have seen overseas,” says Ng.

The preservation of heritage structures can be highly profitable if managed correctly, says James Wong, managing director of VPC Alliance, who believes these pre-war shophouses can be converted into a commercially viable area for tourism-related developments such as boutique hotels, antique shops and arts and crafts showrooms.

The Malaysian Accounting Standards Board (MASB) has decided to adopt what is called IFRIC 15 — agreements for the construction of real estate.Under the new rules, which will become applicable for the accounting period commencing July 1, property developers are to recognise revenue based on the completion method instead of the percentage-of-completion method in current practice.Revenue from prog

Running the residential component of an 8.5-acre mixed development “like a hotel” while overseeing the development of a neighbourhood mall is a challenge that Sally Wong relishes.