Titijaya Land Bhd announced a 16% increase in profit after tax of RM20.4 million for the second quarter ended Dec 31, 2016, compared with the RM17.6 million in the corresponding period last year.

IGB Corp Bhd shares rose as much as 38 sen or 15% after controlling shareholder Goldis Bhd made a takeover offer for the remaining IGB shares at RM3 each.

UEM Sunrise Bhd is set to see the handover of its serviced apartments and offices at its mixed development Teega @ Puteri Harbour (Teega) in Iskandar Malaysia, Johor by the end of this month.

At the start of the 2016/17 academic year, almost 522,000 students were enrolled on undergraduate courses at UK universities, an increase of more than 7,000 on 2015 while the number of acceptances of EU students rose by 8% y-o-y.

Kedah, Perlis and Penang will see a 5% growth in transactions for residential properties despite the overall property market slowdown, according to Raine & Horne International Zaki + Partners Sdn Bhd.

The property prices in East Malaysia is expected to drop in the third quarter or fourth quarter of 2017 if the slowdown in the market persists, said property valuer and estate agency Taylor Hobbs principal consultant Liaw Lam Thye.

The real estate market in the East Coast Economic Region, which comprises Pahang, Terengganu, Kelantan and District of Mersing, Johor, is expected to be slow due to the challenging economic environment and weakened consumer sentiment, said Rahim & Co International Sdn Bhd director Sulaiman Akhmady Mohd Saheh.

Its property investment and development segment also registered a 19% decline in PBT.

Johor’s landed property prices could decline up to 30% this year, says Landserve (Johor) Sdn Bhd executive director Wee Soon Chit.

For the full year, net profit jumped over 20 times to RM28.53 million from RM1.38 million a year ago, while revenue grew 72% to RM360.82 million from RM209.89 million.