The total value of global real estate assets under management surged by 20% year-on-year from US$2.19 trillion (RM9.37 trillion) to US$2.5 trillion as at end-2016 with fund managers of all sizes increasing the value of their assets, according to the Fund Manager Survey 2017 conducted by the Asian Association For Investors In Non-Listed Real Estate Vehicles, the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) and the National Council of Real Estate Investment Fiduciaries.

Malaysia Building Society Bhd shares rose 2.36% at mid-morning today after its net profit in the first quarter ended March 31 (1QFY17) nearly tripled to RM101.32 million from RM34.84 million a year ago, thanks to higher gross loans and lower cost of funds.

Property developer cum hotel operator Plenitude Bhd saw its third quarter ended March 31, 2017 (3QFY17) net profit declined by 13% to RM12.16 million or 3.2 sen per share, from RM13.96 million or 3.7 sen per share a year ago due to the absence of contribution from a Semi-D project in Tebrau, Johor, which was completed last year.

Malaysia Building Society Bhd’s (MBSB) net profit in the first quarter ended March 31, 2017 (1QFY17) nearly tripled to RM101.32 million from RM34.84 million a year ago, thanks to higher gross loans and lower cost of funds.

Landmarks Bhd is looking for a joint-venture partner to add new hotels and resorts within its Treasure Bay Bintan development in Bintan, Indonesia.

Sentoria Bina Sdn Bhd will take on a construction project involving 506 units of single-storey semi-detached houses in Pahang worth RM60.8 million.

Sunsuria Bhd's net profit for the second financial quarter ended March 31, 2017 (2QFY17) surged more than fivefold to RM18 million or 2.25 sen a share.

UOA Real Estate Investment Trust (REIT)'s first quarter ended March 31, 2017 (1QFY17) net rental income declined by 14% to RM14.70 million, from RM17.03 million a year ago as gross rental fell.

Bina Puri Holdings Bhd has received the pre-approval for the listing of its subsidiary PT Megapower Makmur Tbk on the Indonesia Stock Exchange from Otoritas Jasa Keuangan (OJK), which is the financial supervisory authority of Indonesia.

OCBC is maintaining its ‘buy’ on Wing Tai Holdings (Wing Tai) after the latter made an unconditional voluntary takeover offer for Wing Tai Malaysia Bhd (WTM).