HONG KONG: Capital rates in the Asia-Pacific have witnessed substantial declines in recent years due to ample capital chasing limited number of investment grade assets and accommodative global credit conditions, according to the Savills World Office Yield Spectrum First Half 2015 report.

KUALA LUMPUR: Trinity Group Sdn Bhd will launch its Trinity Aquata condominiums in Sungai Besi in late April, said the group.

The project, which has a gross development value of RM270 million, will come up on 3.58 acres (1.25ha) of freehold land, said the group in a recent statement.

KUALA LUMPUR (Feb 27): JF apex Securities Research has maintained its "Hold" rating on A&M Realty Bhd with an unchanged target price of 92 sen, and said

KUALA LUMPUR (Feb 26): UEM Sunrise Bhd’s net profit more than tripled to RM272.38 million in the fourth quarter ended Dec 31, 2014, from RM77.96 million a year earlier, bringing its basic earnings per share (EPS) to 6 sen from 1.79 sen.

Revenue for the quarter soared 134% to RM1.34 billion, from RM573.11 million in the year before.

KUALA LUMPUR (Feb 25): UOA Development Bhd saw its net profit for the fourth quarter ended Dec 31, 2014 (4QFY14) almost flat at RM88.4 million or 6.18 sen per share, from RM87.94 million a year ago; while revenue dipped 5% to RM333.75 million, from RM352.05 million.

UNDERGARMENT maker Caely Holdings Bhd, tracking solutions provider Grand-Flo Bhd and electrical appliances distributor Fiamma Holdings Bhd have one thing in common — they were previously not involved in property development but have diversified into the sector.

KUALA LUMPUR (Feb 24): The Domestic Trade, Co-operatives and Consumerism Minister Datuk Seri Hasan Malek said it hopes BritishIndia (Asia) Sdn Bhd and Suria KLCC Sdn Bhd will come to a ‘win-win solution’ in their dispute over the former’s tenancy in the Suria KLCC mall, operated by the latter.  

KUALA LUMPUR (Feb 24): Paramount Corp Bhd (fundamental: 1.6; valuation:3)’s net profit for the fourth quarter ended Dec 31, 2014 (4QFY14) fell 29.66% to RM10.1 million, from RM14.4 million in the previous corresponding quarter, due to lower earnings from both its property and education divisions.

IVORY Properties Group Bhd’s recent land disposals got the market talking. This is because the group seems to be cashing out from its home base in Penang and venturing into Iskandar Malaysia, a region said to be facing a property glut.

KUALA LUMPUR (Feb 23): Malaysian Resources Corp Bhd (MRCB) swung to a net loss of RM5.28 million for its fourth quarter ended Dec 31, 2014 (4QFY14) from a net profit of RM2.22 million a year ago, mainly due to the group’s share of results of a joint venture which incurred losses due to charge out of finance and start-up costs.