IWCity said there is no unannounced corporate development, rumour, report or any other possible explanation to account for the unusual trading of its shares.

S P Setia Bhd has launched its Citizen Setia Facebook page which aims to connect the property developer with its purchasers and "fans" on the most popular social media platform in Malaysia.

Kuala Lumpur City Hall (DBKL) has issued a statement stressing that an online poll on public parks that was being conducted on its website is not related to the proposed development at Taman Tun Dr Ismail (TTDI)

Johor Corp (JCorp) has announced the commencement of key infrastructure developments for the Ibrahim International Business District (IIBD) in Johor Bahru today.

Iskandar Waterfront City Bhd (IWCity) shares fell 7% while Ekovest Bhd dropped 5% on profit taking after the Malaysian Government confirmed IWH CREC Sdn Bhd is allowed to bid for the Bandar Malaysia real estate project again.

Minister in the Prime Minister's Department Datuk Seri Abdul Rahman Dahlan said he plans to propose this to the Cabinet with the hope that it will be implemented in the next three years.

Malton Bhd, the property development company controlled by Tan Sri Desmond Lim Siew Choon, saw its share price rise by as much as 26% to RM1.94 in afternoon trading.

Property and power company Tadmax Resources Bhd is confident of a turnaround this year, backed by earnings contribution from its RM1 billion gross development value Mizumi Residences project in Kepong.

Abdul Rahman said Prime Minister (PM) Datuk Seri Najib Tun Razak had indicated that the Government was soliciting new bids for the planned Bandar Malaysia project on a 194ha (486 acre/21.17 million sq ft) tract within the old airport site in Sungai Besi here because the land's value had increased.

Eversendai said it has been executing projects in India from 2009 and has over the years meticulously learned the intricacies of doing business in the sub-continent.