PETALING JAYA: Property developer OSK Property Holdings Bhd's The Atria in Damansara Jaya is off to a running start. It sold off all of its The Atria SOFO (Small Office Flexible Office) suites on the first day of launch last Friday.

KUALA LUMPUR (Nov 25): Property developer Dijaya Bhd saw its revenue for 3QFY11 ended Sept 30 grow by 43.3% y-o-y to RM89.2 million from RM62.2 million, driven by strong sales and recognition of billings from its project launches.

KUALA LUMPUR (Nov 25): Homebuyers are adopting a "wait-and-see" attitude until a clearer picture emerges on the implementation of the Economic Transformation Programme (ETP) and housing-related government initiatives, according to a mortgage broker.

KOTA KINABALU (Nov 25): Housing developers in Sabah may soon be required to allocate 30% of their houses in new housing schemes for low cost houses, said State Minister for Local Government and Housing Datuk Hajiji Noor.

He said the move was to help ensure that the low-income group could afford to buy houses in urban areas.

KUALA LUMPUR (Nov 24): Tambun Indah Land Bhd has posted a net profit of RM3.26 million for the third quarter (3Q) of 2011, slipping from pro-forma net profit of RM3.83 million a year ago despite higher revenue.

The group's revenue grew by 69.7% to RM47.35 million from pro forma revenue of RM27.89 million a year ago, it said in an announcement on Wednesday.

PUTRAJAYA (Nov 24): About 30% of the more than 5,000 buildings in Malaysia do not have a fire certificate (FC).

Malaysian Fire and Rescue Department director-general (JBPM) Datuk Wan Mohd Nor Ibrahim said this was because most were still in the process of obtaining the FC.

SUBANG JAYA (Nov 24): Sime Darby Property, the property arm of Sime Darby Bhd, recently saw strong take-up at the launch of its new condominium development dubbed Isola in Subang, Selangor on Nov 11. During the launch, 75% of the 115 units open for sale were taken up by a mix of home buyers and investors.  

BEIJING (Nov 24): China could cut reserve requirements for all banks in the first three months of 2012, a senior Chinese banker said, adding to talk that a fast-cooling world economy may lead Beijing to relax monetary policy.

LONDON (Nov 24): Most price forecasts for London's residential property market in 2012 are cautiously optimistic, despite Britain's sluggish economy and expectations that house prices nationally will fall.