The thirst for land is now spreading into the en-bloc market, says DBS Vickers, with a consortium Oxley-Lian Beng Venture putting in the S$575 million (RM1.77 billion) winning bid for Rio Casa.

Mah Sing Group Bhd has entered into an agreement with LTS Properties (M) Sdn Bhd, TS Law Corp Sdn Bhd and Law Wai Cheong for the purchase of a 78% equity stake in Cosmowealth Housing Development Sdn Bhd for RM54.96 million, which will be paid over a period of six years.

Thriven Global Bhd is contributing towards the upkeep of the Kota Damansara Community Forest Reserve.

Today, construction firm Inta Bina shares rose to their highest so far at 31 sen at 10:01am. Inta Bina, which saw some 12 million shares traded, was Bursa Malaysia's seventh most-active stock.

Eversendai Corporation Bhd rose 1.02% in early trade today after Kenanga IB Research maintained its “Underperform”rating on the stock with a higher target price of 77 sen (from 49 sen) sen and said the company’s 1Q17 beat house expectations given Kenanga’s overly conservative margins for its projects in Middle East, India and Malaysia.

IJM Corp Bhd’s net profit for the fourth financial quarter ended March 31, 2017 (4QFY17) jumped more than five times to RM236 million from RM44.23 million a year earlier.

Going forward, OSK said its property development division would continue to drive sales in Malaysia and Australia, while the property investment business would contribute steady rental income despite the challenging retail market.

UOA Development Bhd has purchased a freehold piece of land for RM81.1 million to build a complementary commercial development to its anchor development Bangsar South City.

Goldis Bhd saw its net profit more than doubled to RM73.17 million or 12.03 sen per share for first quarter ended March 31, 2017 (1QFY17), thanks to a one-off disposal gain from the sale of Renaissance Kuala Lumpur (KL) Hotel.

YTL Land & Development Bhd posted a net profit of RM18.96 million or 1.57 sen per share in the third financial quarter ended March 31, 2017 (3QFY17), compared to a net loss of RM8.11 million or 0.44 sen loss per share a year ago.