HONG KONG: Dalian Wanda Group, China’s biggest commercial real estate conglomerate, said yesterday it is investing US$1 billion (RM3.61 billion) in a prime property development close to Sydney Harbour, its second large investment in Australia.

KUALA LUMPUR (Jan 26): KLCC Property Holdings Bhd (KLCCP) has announced a distribution per unit (DPU) of 8.75 sen for its fourth quarter ended Dec 31, 2014, which is marginally higher than last year’s 8.71 sen.

KUALA LUMPUR (Jan 26): Perduren (M) Bhd will divest its existing property assets to focus on a possible niche area of property development and property investment businesses related to the oil and gas (O&G) industry, the company said in a filing to Bursa Malaysia today.

KUALA LUMPUR (Jan 26): CapitaMalls Malaysia Trust (CMMT) announced it has entered into a conditional sale and purchase agreement with Tropicana City Sdn Bhd, a wholly-owned subsidiary of Tropicana Corp Bhd, for the acquisition of Tropicana City Mall.

PETALING JAYA (Jan 26): Furniweb Industrial Product Bhd (FIPB) which is in talks with a few parties to establish joint ventures in property development, is taking a cautious stance in selecting its partners.

KUALA LUMPUR: While a cut in development spending seems remote for now, a further fall in commodity prices could force the government to consider doing so, especially with a possible credit rating cut looming in the background.

KUALA LUMPUR (Jan 23): Lifestyle property developer Eastern & Oriental Bhd (E&O) has teamed up with Taiwan-based marketing agency TW House, to kick off the regional launch of its "18 East at Andaman" condominium project in Penang.

KUALA LUMPUR (Jan 23): Private property developer OCR Land Holdings Sdn Bhd had acquired today, 15 million shares or a 7.6% stake in Takaso Resources Bhd.

In a filing with Bursa Malaysia, Takaso (fundamental:1.25; valuation: 0.3) announced that OCR had acquired the shares today via direct business transaction, and raised its direct interest in Takaso to 13.88% or 27.5 million shares.

KUALA LUMPUR (Jan 23): EUPE Corporation Bhd’s net profit increased 5.86% to RM3.43 million or 2.68 sen a share in its third quarter ended Nov 30, 2014 (3QFY15), despite revenue fallen by 22.44% to RM40.88 million.

For the cumulative nine months (9MFY15), net profit was down 14.62% to RM7.71 million, while revenue had dropped 1.43% to RM134.15 million.

KUALA LUMPUR (Jan 23): Flood victims can withdraw their Employee Provident Fund (EPF) savings from Account 2 to purchase or rebuild their homes, said EPF in a statement.

Those who have never made the withdrawals for housing and wish to rebuild their homes destroyed by the floods, can also do so by applying with the fund, it said.