KUALA LUMPUR (Feb 13): IOI Properties Group Bhd's net profit for the second quarter ended Dec 31, 2014 (2QFY15) has declined 6.6% to RM280.35 million, on higher related marketing and selling expenses.

However, the group has recorded a higher revenue for 2QFY15, from RM392.62million to RM448.26 million — an increase of 14.17%.

KUALA LUMPUR (Feb 13): Employees in Malaysia see owning a second property as an important investment to bolster their retirement funding, a survey revealed.

KUALA LUMPUR (Feb 13): Permodalan Nasional Bhd (PNB) and Rahim & Co. Chartered Surveyors Sdn Bhd “have commenced discussion to explore a strategic partnership and synergistic collaboration that would leverage on the respective strength and expertise of both companies”.

CYBERJAYA: Mah Sing Group Bhd held a topping-up ceremony for the residential component of the group’s integrated development Garden Plaza in Cyberjaya, signifying the completion of the development’s structure.

PENANG: YTL Land and Development Bhd’s RM330 million Shorefront project saw 67 units of low-rise condominiums in two blocks, with an average price of RM1,200 per sq ft, snapped up during the preview on Saturday. Shorefront comprises three blocks with a total of 115 units, with built-ups ranging from 1,400 sq ft to 3,400 sq ft. The remaining units will be released after Chinese New Year.

BANGKOK: International hotel owner, operator and investor Minor Hotel Group Ltd (MHG) announced a collaboration plan with Destination Resorts and Hotels (DRH), an investment arm by Khazanah Nasional Bhd.

KUALA LUMPUR: Kuala Lumpur ranks seventh in Asia-Pacific and second in Southeast Asia after Singapore in the inaugural Sustainable Cities Index by Arcadis, an Amsterdam-based global natural and built asset design and consultancy firm.

SELANGOR: Glomac Bhd saw high take-ups for its latest launches — Saujana KLIA Phase 1 and 2 in Sepang that was 100% sold, and Cadenza at Lakeside Residences in Puchong, Selangor, with 80% taken up. The developments were launched on Jan 24 and Jan 30, respectively.

PETALING JAYA: The Malaysian Developers Council (MDC) has raised concerns that financing facilities remain a major problem for first-time homebuyers in Malaysia due to a rise in loan rejection rates which has caused Malaysian developers to pull back from their launches.

KUALA LUMPUR: The Employees Provident Fund (EPF) has formed a joint venture (JV) with Australia-based logistic property developer Goodman Group to develop RM1.4 billion worth of logistics assets in Malaysia.

EPF deputy CEO Mohamad Nasir Ab Latif said this was the third collaboration with Goodman after the first partnership in Australia in 2012 and subsequently in Germany in 2013.