KUALA LUMPUR (Nov 4): Quill Capita Trust (QCT), which is managed by Quill Capita Management Sdn Bhd (QCM), posted RM9.4 million net profit for its 3QFY11 ended Sept 30. This is an increase of 8.3% from RM8.6 million a year ago due to higher rental income contribution from properties and lower property expenses.

Mah Sing Group Bhd (Nov 3, RM1.99)
Maintain hold with target price RM1.76: The potential joint venture (JV) with Thailand's largest retail developer Central Pattana to develop and manage the shopping mall in Icon City, Petaling Jaya, should enhance the marketability of the RM3.2 billion project.

HONG KONG (Nov 4): Home sales in Hong Kong dropped to a 32-month low last month as the market fell victim to fears of a global economic recession, rising mortgage rates and credit tightening.

According to the Land Registry, 5,675 deals were lodged in October, down 13.7% from September's 6,579 deals, and the lowest level since February 2009.

NEW YORK CITY (Nov 4): Apollo Global Management LLC said on Thursday it posted a wider-than-expected quarterly loss as jittery markets weighed down private equity valuations, but it sees money making opportunities in the assets of cash-strapped European banks.

HAVANA (Nov 4): Cuba's government has given Cubans the right to buy and sell their homes for the first time since the early days of the 1959 revolution in a long-awaited reform that creates a real estate market and promises to put money in people's pockets.

SHANGHAI (Nov 4): China Vanke Co Ltd, the country's largest property developer by revenue, posted a fall in property sales in October from a year earlier, the third straight month of decline, as Beijing continues efforts to curb property speculation and calm home price rises.

MELAKA: Seni Pujaan Sdn Bhd (SPSB) recently made its debut in the property development scene with a luxury boutique serviced residence project in Melaka dubbed The Heritage.The Heritage will be managed like a luxury serviced accommodation where owners can lease out their units for long or short stays.

KUALA LUMPUR: Bina Warehouse Sdn Bhd, Malaysia’s luxury kitchen and bathroom distributor, has partnered German kitchen manufacturer Warendorf to present The Starck by Warendorf — the Warendorf Kitchen Range by iconic French designer Philippe Starck — in Malaysia.This is the first complete The Starck kitchen outside Europe.

LONDON: Prime housing prices in the UK capital are at an all-time high and will continue to rise over the next 12 months, according to real estate consultancy Knight Frank.“We believe there is scope for further price gains over the next 12 months, averaging 5% across 2012.

BUTTERWORTH (Nov 3): The construction industry in Malaysia must find a new approach to reduce dependency on foreign workers following the economic growth in their countries of origin.