SHL Consolidated Bhd's net profit in the final quarter of its financial year 2017 grew 6%.

Iskandar Waterfront City Bhd shares fell as much as seven sen or 4% after the property developer said 1Q net loss widened to RM56.46 million from a year earlier.

Fund will invest RM1.14 bil in JV that owns 76 acres of land.

Iskandar Waterfront City Bhd saw its first-quarter net loss widen to RM56.46 million from RM4.8 million a year ago.

Due mainly to a one-off non-cash impairment arising from the group’s corporate restructuring plan.

Vivocom International Holdings Bhd's net profit fell 74% to RM5.24 million in the first quarter from RM19.87 million a year ago, as it recorded a slump in construction revenue.

Marco Holdings Bhd — the distributor of Casio watches, calculators, digital cameras and musical instruments — plans to expand its business into property development in the next two years.

The Asia-Pacific region is expected to benefit from the policy uncertainties in the US and Europe in recent times. Asia Pacific investors may be more comfortable about repatriating their investments back to their home region, said CBRE|WTW in a press release recently.

Ascott Residence Trust (ART) is acquiring DoubleTree by Hilton Hotel New York – Times Square South for US$106 million (S$148.4 million or RM454.2 million), a 224-unit freehold property located on 36th Street in Midtown Manhattan.

Meanwhile, the group expects to launch properties with total gross development value of RM1.86 billion this year, including its Akasa Cheras development launched earlier this year, affordable Rumah Selangorku homes in Puchong, and projects in Sabah.