KUALA LUMPUR: CapitaMalls Malaysia Trust’s (CMMT) net profit for its second quarter ended June 30 (2QFY13) fell 13.95% to RM114.28 million from a year earlier.

The decline came as the retail-centred real estate investment trust (REIT) registered lower property revaluation gains.

JOHOR BARU:  Iskandar Malaysia is poised to receive more foreign investments, especially from Indonesia and Singapore, following the aggressive promotions undertaken by the Iskandar Regional Development Authority (IRDA).

Chief executive Datuk Ismail Ibrahim said IRDA has, of late, been mounting visits to Surabaya, Semarang and Jakarta to lure investors to the special economic zone.

PETALING JAYA: Tropicana Corp Bhd's maiden development - Tropicana Landmark - in Sabah and Sarawak has met with a positive response.

KUALA LUMPUR: The proposed sale of Sagajuta (Sabah) Sdn Bhd's Novotel Hotel in Kota Kinabalu has drawn interest from neighbouring countries, said its exclusive agent."So far 15 companies have responded to a call for bids since bidding started on Monday (July 15), which is quite encouraging.

HONG KONG: Home prices could fall as much as 45% over the next three to five years amid higher property taxes, rising interest rates and a bleak outlook for commercial property, says a real estate agent.

Hong Kong Property, controlled by Midland Holdings, the city’s only listed real estate agent, made the bearish forecast yesterday.

KUALA LUMPUR: The construction of the Sungai Buloh — Kajang (SBK) line or Line 1 of the Klang Valley Mass Rapid Transit (KVMRT) project is progressing well in meeting its July 2017 deadline, according to its main contractor.

KUALA LUMPUR: Ho Hup Construction Co Bhd has been ordered by the High Court to acquire the remaining 4.5 million shares or 30% stake in Bukit Jalil Development Sdn Bhd (BJD) from Zen Courts Sdn Bhd for RM35.97 million or RM7.99 per share.