When show units are just for show

Some property buyers seem to have no qualms about buying off the plan, armed only with information gleaned from glossy brochures dished out by sweet-talking sales personnel.

Cover: Naza's young boss

Faliq takes property in his stride Probably one of the youngest, if not the youngest managing director around, S M Faliq S M Nasimuddin is taking things in his stride.

Rentak Arena gets busy

If you drive along Jalan Dataran SD 2 in Bandar Sri Damansara, Kuala Lumpur, chances are you will notice a prominent high-rise structure among light industrial buildings and residential properties.

Cautious but poised for upturn

After a generally lacklustre year so far, the Klang Valley office occupancy and rental market will likely stabilise and improve in 4Q2009, says Knight Frank Malaysia executive director Sarkunan Subramaniam.“Despite the lacklustre office market performance anticipated earlier, we expect activities to increase in the later part of the year towards 4Q as businesses regain confidence,” says Sarkuna

AmResearch maintains Buy on IGB

KUALA LUMPUR: AmResearch is maintaining its Buy call on IGB Corp (IGB) at revised fair value of RM2.80 per share (previously RM2) based on 30% discount (previously 50%) to its net asset value (NAV) estimate of RM4.

World housing market showing signs of recovery

KUALA LUMPUR: The world's housing markets are showing signs of recovery, with seven countries having emerged from the house price slump, according to Global Property Guide.After experiencing declines in 2008, house prices in China, Portugal, Australia, New Zealand, France, Sweden and Hong Kong rebounded during the latest reported quarter, 2Q 2009.In its survey of world-wide house price indices,

Mudajaya 2Q net profit jumps 95% to RM26.5m

KUALA LUMPUR: Mudajaya Group Bhd posted a strong 2Q earnings of RM26.48 million, a surge of 95% from RM13.59 million a year ago, as earnings from its construction sector picked up.It said on Aug 26 revenue rose to RM182.73 million from RM101.24 million. Earnings per share were 7.11 sen versus 3.64 sen.For the first half, net profit was RM40.52 million compared with RM26.66 million.

IOI Corp hit by impairment for Singapore project

KUALA LUMPUR: IOI Corp earnings for the fourth quarter ended June 30, 2009 (4Q09) fell 18.4% to RM487.07 million compared with RM597.28 milion a year ago after it was affected by an impairment loss of RM242.8 million recognised on a development property in Singapore.

Better quarters ahead for SunCity

Maybank Investment Research said Sunway City (SuncCity) posted a weak 4QFY09 (RM18 million) net profit on slower sales, construction delays and the absence of new launches.However, sales have since picked up strongly, it said in a research note issued on Aug 25.