KUALA LUMPUR (Feb 24): The YTL group of companies reported earnings growth for 1HFY12. Parent YTL Corp Bhd announced that its net profit for the six months ended Dec 31, 2011 rose 10.4% to RM489.2 million from RM443.1 million in the previous year on a 10.8% jump in revenue, which rose to RM9.9 billion from RM8.9 billion.

PETALING JAYA: Glomac Bhd will launch its serviced apartment project in Mutiara Damansara next month at an average price of RM750 per sq ft.The developer anticipates a good response to the development dubbed Reflection Residences after receiving more than 800 registrants during a recent preview of the project, said a Glomac spokesman.“The crowd during the preview was overwhelming.

KUALA LUMPUR: The Malaysian Institute of Architects (PAM) is organising a global design competition to pick the best architectural design for a signature tower in the Kuala Lumpur International Financial District (KLIFD).

KUALA LUMPUR: Nusajaya Consolidated Sdn Bhd (NCSB), a 50:50 joint venture between United Malayan Land Bhd (UMLand) and UEM Land Holdings Bhd (UEM Land), achieved strong sales of its Somerset Puteri Harbour in Johor following private launches recently. The preview was organised for two weeks this month in Singapore and Kuala Lumpur.Marketing efforts had certainly paid off.

PETALING JAYA: The subsale housing market in the Klang Valley which has generally slowed down in the past six months is expected to face more challenging times ahead and prices may soften due to a variety of factors, said real estate agents.“It will soon be a buyers’ market. Prices won’t plunge, but they will gradually soften,” said Kim Realty CEO Vincent Ng.

KUALA LUMPUR (Feb 24): S P Setia Bhd is still keen on acquiring the Battersea Power Station after losing its earlier bid to redevelop the ageing UK power station area, said president and CEO Tan Sri Liew Kee Sin.

BENTONG (Feb 23): Housing and Local Government Minister Datuk Seri Chor Chee Heung has urged the Pahang government to rebuild Kampung Baru Cina Ketari that was destroyed in a fire on Wednesday.

SHAH ALAM (Feb 23): S P Setia Bhd is still confident of achieving its sales target of RM4 billion in its financial year ending Oct 31, 2012 despite Bank Negara Malaysia's (BNM) new guidelines for loan borrowers.

KUALA LUMPUR (Feb 23): Plenitude Bhd registered a higher pre-tax profit of RM34.244 million for the second quarter ended Dec 31, 2011, compared with RM33.993 million in the corresponding period in 2010.

Revenue, however, decreased to RM74.116 million from RM86.817 million, Plenitude said in a filing to Bursa Malaysia on Thursday.

KUCHING (Feb 23): The Sarawak Housing Ministry will discuss with Bank Negara (BNM) soon on allowing state government-linked companies to give loans to house buyers.

Its minister Datuk Amar Abang Johari said the move was to enable the people of Sarawak, especially the low-income earners, to own homes.