KUALA LUMPUR: SHL Consolidated Bhd’s net profit for the fourth quarter ended March 31, 2013 surged 232% to RM11.39 million from RM4.89 million a year earlier.

This was mainly due to the good response to its housing project in Bandar Sungai Long and a newly launched industrial park in Sungai Choh, both located in Selangor.

PETALING JAYA: Five out of six best performers in a global housing market survey were all in Asia, while all nine Asian markets surveyed saw a rise in house prices during the year. According to the survey conducted by the Global Property Guide, house prices rose in 30 of 42 housing markets with published housing statistics.

IN July, a luxury condominium in Johor Baru became the second residential project in the country to achieve the highest Green Building Index (GBI) rating. The 37-storey Molek Pine 4 is coming up on a 6.24-acre freehold site in the blue-riband neighbourhood of Taman Molek in Tebrau, which some say is Johor's answer to Damansara Heights in the Klang Valley.

THE Klang Valley office market is expected to be stable in the short to medium term, particularly for well-located, good grade and dual-compliant (MSC-status and green-certified) office space. Overall, rental and occupancy rates are expected to hold firm.

A 2008 study commissioned by the World Tourism Organisation, the United Nations Environmental Programme and the World Meteorological Organisation shows that tourism accounts for 5% of the world's carbon dioxide emissions. Of this, 75% is attributed to transport, 21% to accommodation and the rest to tourist activities.

IF you drove around the older sections of Petaling Jaya in Selangor, you will not fail to notice the rows of eye-catching commercial bungalows along the thoroughfares. Such properties can also be spotted in popular Kuala Lumpur, suburb Bangsar and in its vicinity.Of late, growing demand for these bungalows has pushed prices up.

KUALA LUMPUR: The joint venture (JV) between Sime Darby Property Bhd and UEM Sunrise Bhd in Bukit Jelutong, Selangor, will finally kick off this year-end, two years later than initially planned, according to its top officials.

The 50:50 JV called Radia, now has a gross development value of RM1.6 billion against an estimated RM1 billion previously.  

KUALA LUMPUR: Mulpha Land Bhd plans to significantly reduce its bank borrowings by RM4 million through the disposal of land in Klang, for a cash consideration of RM8.63 million.

WITH the mass rapid transit project and extension of the light rail transit lines well under way, Sime Darby Property Bhd (SDP) has taken on the challenge of developing transit-oriented and transport-adjacent developments, or TODs and TADs."What we realised is that many of our developments are TODs and TADs, which open up new opportunities for us," says Zulkifli Tahmali, head of property develo

CARBON neutral offices (CNO) are office buildings that have nett carbon emissions of zero on an annual basis.DWP regional managing director Dr Saeed Zaki has always been a firm supporter of sustainable efforts. He believes that Malaysia is ready to take sustainability to the next level by completely eliminating carbon emissions from its office buildings.