KUALA LUMPUR (Dec 1): Faber Group Bhd sank into the red recording a RM26.87 million net loss for the third quarter ended Sept 30 (3QFY11) in contrast to the RM29.01 million net profit for the corresponding period a year ago.

KUALA LUMPUR (Nov 30):  Property developer S P Setia Bhd has won a tender bid of an 18,700sqm site along Chestnut Avenue, Singapore, for S$180 million (RM437.4 million).

"The Chestnut Avenue site has a potential development value of RM1.1 billion and a maximum allowable gross floor area of 39,270 sq m," the company said in a statement.

KOTA KINABALU (Nov 30): The proposed requirement for housing developers in Sabah to build 30 per cent low-cost houses in their new housing projects is for the benefit of majority Sabahans, State Local Government and Housing Minister Datuk Hajiji Noor said on Wednesday.

SEPANG (Nov 30): Malaysia Airports Holdings Bhd (MAHB) revealed on Tuesday that the new KLIA2 will now cost 95% more at RM3.6 billion to RM3.9 billion due to significant changes at the terminal, which include the very much debated aerobridges.

KUALA LUMPUR (Nov 30): Sime Darby Bhd's president and group chief executive Datuk Mohd Bakke Salleh has emerged as a non-independent and non-executive director of property outfit Eastern & Oriental Bhd (E&O).

According to a filing with Bursa Malaysia on Tuesday, Bakke was appointed the nominee director representing Sime Darby, which holds a 30% stake in E&O.

KUALA LUMPUR (Nov 30): Naim Holdings Bhd has not been spared in the gloomy Sarawak property outlook, suggesting that the sluggish sentiment in the sector is not only skewed towards Peninsular Malaysia.

KUALA LUMPUR: Hap Seng Consolidated Bhd's wholly-owned subsidiary, Hap Seng Realty Sdn Bhd, is disposing of 2.16 acres of land with a cinema complex in Kota Kinabalu to Akal Megah Sdn Bhd for RM85 million cash or RM90 per sq ft.

Akal Megah is a wholly-owned subsidiary of Lei Shing Hong Ltd.

IJM Corp Bhd (Nov 29, RM5.59)
Maintain sell with a lower target price of RM4.24 (from RM5.75): IJM Corp reported revenue of RM1.097 billion (up 6.2% quarter-on-quarter) and a profit after tax and minority interests (Patami) of RM74.8 million (-35% q-o-q) in 2QFY12 ended Sept 30.

WASHINGTON DC (Nov 29): Commercial real estate markets in the US have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012, according to the National Association of Realtors (NAR).

HONG KONG (Nov 29): Hong Kong has proposed a new law that will slap fines and jail terms on developers that mislead buyers of new homes.

The government on Tuesday kicked off a two-month consultation period on the new law, which it hopes to introduce to the Legislative Council in the first quarter of next year.