PETALING JAYA: The Malaysian Developers’ Council (MDC), which convened for the 19th time on April 25 in Kota Kinabalu, Sabah, discussed the state of the housing industry and highlighted three main concerns.

KUALA LUMPUR: Bukit Kiara Properties (BKP) won two awards at the Malaysia Landscape Architecture Awards (MLAA) in Kuching on April 29. It won the “Project of the Year” for its Verve Suites Mont’Kiara development and the  “Excellence Award” in the Property Developer Category.

KUALA LUMPUR: Construction stocks, which are trading on an average of 12.8 times 12-month forward earnings, below the FBM KLCI’s 16 times, still have upside potential, said analysts, who remain “overweight” on the sector in the light of a solid pipeline of projects.

KAJANG: The RM330 million in unclaimed properties and land, based on 2007 records, reflect the poor awareness of estate planning across all ethnic groups in the country, said Finance Ministry deputy secretary-general (policy), Datuk Mat Noor Nawi.

KUALA LUMPUR: Eco World Development Group Bhd has launched a toastmasters club geared towards enhancing its employees’ communication skills.

PETALING JAYA: Axis REIT Managers Bhd (ARMB), the manager of Malaysia’s first listed real estate investment trust Axis Real Estate Investment Trust (Axis REIT), plans to strengthen its balance sheet by buying more assets and refurbishing its existing ones.

KUALA LUMPUR: Sunway Real Estate Investment Trust (REIT) has raked in a net profit of RM58.5 million in its third quarter ended March 31 (3QFY14), an increase of 5.9% year-on-year from RM55.2 million.

Its revenue came in 1.5% higher at RM108 million from RM106.4 million. Earnings per share came in higher at two sen compared with 1.98 sen a year earlier.

KUALA LUMPUR: Tan Sri Liew Kee Sin, who will step down from his post as chief executive officer and president of S P Setia Bhd tomorrow, will join the board of Eco World Development Group Bhd (Eco World) as a director next Tuesday, said sources.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) is considering a proposal to merge four of its portfolio companies to form Southeast Asia’s second largest property firm by assets, a source with direct knowledge of the matter said.

SHAH ALAM: Naza TTDI Sdn Bhd, the property development arm of the Naza group, may consider launching a real estate investment trust (REIT) if it hits its target of RM3 billion in total investment assets within five years, according to its group managing director SM Faliq SM Nasimuddin.