KUALA LUMPUR (Nov 2): Kimlun Corp Bhd plans to venture into the property development with the proposed acquisition of 17.2 ha of agricultural land in Negeri Sembilan for RM27.36 million.

The company said on Wednesday its planned to build factories on the land, once it had received approval from the authorities for the conversion.

Malaysian Resources Corp Bhd (Nov 1: RM1.95)

KUALA LUMPUR (Nov 2): Sunway Real Estate Investment Trust (SunREIT) posted net profit of RM43.86 million in 1QFY11 ended Sept 30 on revenue of RM95.04 million.

PUTRAJAYA: International hotel operator Accor announced its plans to establish 10 new hotels in Malaysia as part of its robust expansion plan in the country.

BEIJING (Nov 1): The average home price in China's 100 key cities fell 0.23% in October from a month earlier, following Beijing's tightening measures to curb the exuberant housing market, a private survey showed on Tuesday.

SYDNEY (Nov 1): Australian house prices fell by the most in almost three years last quarter while sales of new homes were the lowest in a decade in September, amplifying calls from the struggling housing industry for a cut in interest rates on Tuesday.

SHANGHAI (Nov 1): China's southern city of Zhuhai on Tuesday became the latest to restrict home purchases and cap property prices after Beijing rebuffed recent talk that it might relax policies aimed at containing property inflation.

KUALA LUMPUR (Nov 1): The mega projects to build more skyscrapers in Kuala Lumpur city centre that are in the pipeline will result in an oversupply of office space in the Klang Valley by 2014, said CB Richard Ellis (M) Sdn Bhd executive chairman Christopher Boyd.

KUALA LUMPUR (Nov 1): Malaysia Building Society Bhd (MBSB) posted a 134% increase in its earnings to RM95.08 million for the third quarter ended Sept 30 from RM40.51 million a year ago.

In an announcement on Monday, it said revenue increased 72% to RM372.67 million from RM215.77 million and earnings per share was 10.88 sen compared with 5.79 sen.

KUALA LUMPUR (Nov 1): Deputy Finance Minister Datuk Donald Lim's recent remark regarding the possible increase of the income eligibility under the My First House Scheme from RM3,000 to either RM6,000 or RM7,000 has stirred debate and raised questions.