The lower earnings were attributable to higher initial overheads for new projects to be launched and recognition of higher profits arising from the disposal of certain parcels of land in the previous corresponding quarter.

Encorp said it had paid A$6 million for the 11,000 sq m (1.1 ha) land in May 2012. The tract to be jointly developed with Tew Investments Pty Ltd is located at Tea Tree Close within Cockburn Central.

PJ Development is working on being more efficient and becoming more careful with property development launches, to ensure its financial performance is at least maintained in this soft property market phase.

There are 124 projects on hill land with slopes of 25° and above 250ft (76m) on Penang island.

The Negeri Sembilan-based property developer’s revenue fell 18.4% to RM121.37 million in 3QFY15 from RM148.82 million in 3QFY14.

Part of the land-swap deal with SRS Consortium, the project delivery partner for RM27 billion Penang Transport Master Plan.

Malaysian and SIngaporean-owned Kairos & Dashen Resources (Rompin) Bhd is looking for developers and hotel and theme park operators to jointly develop its South Oceans beachfront mixed-use development in Kuala Rompin, Pahang.

Today's decision means that the buyers need not pay the GST ranging between RM18,000 and RM25,000.

The Signature Residence dual-key system is a unique concept for families to stay together, and still have their privacy, said Mah Sing managing director Tan Sri Leong Hoy Kum.

ONE The Waterfront is one of the ongoing three residential projects in Sydney carried out by their 50:50 joint venture firm, Piety THP Developments Pty Ltd.