KUALA LUMPUR: Ecoworld Development Group Bhd’s net profit for the second financial quarter ended March 31, 2014, fell 61% to RM2.57 million from RM6.67 million in the previous corresponding quarter.

Revenue fell to RM26.85 million from RM33.54 million a year ago.

KUALA LUMPUR: IJM Land Bhd unit IJM Properties Sdn Bhd has terminated three joint venture (JV) agreements, two of which were inked with Talam Transform Bhd in 2006 and 2007, saying the deals could not realise their “commercial objectives”.

KUALA LUMPUR: Pan Pacific Hotels Group and Gagasan Langkawi Sdn Bhd signed an agreement to open Parkroyal Langkawi Resort on May 15.

KUALA LUMPUR: Malaysian property investors were urged at the recent Saffron London Property Seminar to be aware of the actual price of properties in London so as to not have problems when exiting in future.Saffron chief executive officer (CEO) and London property expert Monty Nawaz spoke at the two-day seminar held at the Saffron Kuala Lumpur headquarters in Bangsar.“Buyers need to be aware of

KUALA LUMPUR: Palm Spring Development Sdn Bhd (PSD), a subsidiary of Tanco Holdings Bhd (Tanco), is looking to promote investment in Port Dickson by offering purchasers assured rental returns for its upcoming serviced suites.“Splash Park serviced suites offer an attractive investment opportunity in assured rental returns of up to 7% per annum for nine years,” said Datuk Seri Utama Mohammad Hasa

PETALING JAYA: Tune Hotels continues to strengthen its domestic presence as it opens its new 113-room hotel, called Tune Hotel Taiping, in Taiping, Perak.“Tune Hotels is delighted to be here in Taiping, underscoring our presence and growth in the northern region of Peninsular Malaysia,” said chief executive officer Mark Lankester in a recent press statement.“This [town] has a lot of potential f

SHAH ALAM: MKH Bhd’s RM1.3 billion Hillpark@Shah Alam North showed encouraging take-up rates for their newly launched phases called Pine, Cherry and Olive at its property launch last weekend.“This is a rapidly growing township as we have tested the response and market demand when we first launched our residential project called Pelangi Seri Alam three years ag

LUXEMBOURG: Setia City Mall in Setia Alam, Shah Alam, bagged the gold award in the retail category at the Federal of International Real Estate (Fiabci) Prix d’Excellence Awards held on Wednesday.Co-owned by S P Setia Bhd and Asian Retail Investment Fund, a fund managed by a leading international integrated property and infrastructure group Lend Lease, Setia Mall offers over 740,000 sq ft of net

SINGAPORE: TA Corp, a property construction and development firm, has bought a 400,100 sq ft plot in Tuas South Street with plans to build a workers’ dormitory, The Straits Times reported yesterday.

KUALA LUMPUR: Kuala Lumpur Kepong Bhd’s (KLK) net profit soared 50% to RM314.6 million in the second quarter ended March 31, 2014 (2QFY14) from RM209.7 million a year ago, due to improvement in its revenue.

Revenue for 2QFY14 jumped 31.2% to RM2.93 billion from RM2.24 billion.