KUALA LUMPUR: A detailed master plan of the Kuala Lumpur International Financial District (KLIFD) is scheduled to be completed in the first quarter of 2012.

1Malaysia Development Bhd (1MDB) said it had chosen Akitek Jururancang (Malaysia) Sdn Bhd and its international partner Machado Silvetti and Associates as the master planners for the KLFID project.

SINGAPOREL CapitaLand, Southeast Asia's largest property developer, said on Thursday, Aug 4 its second quarter net profit, excluding revaluations and impairments, rose 27% year-on-year, helped by higher revenue from development projects in Singapore and China.

MANILA: The Philippines' SM Prime Holdings said it was dropping plans to raise up to US$500 million (RM1.49 billion) via a real estate investment trust (REIT) offer after Manila issued new rules that mandate a minimum 40% public ownership in REITs.

LONDON: Property investor British Land posted a rise in first-quarter net asset value (NAV) on the back of its 1.1 billion pounds development programme, and said it expects acquisitions to drive income and value returns.

Mah Sing Group Bhd (Aug 3, RM2.44)

KUALA LUMPUR: Danajamin Nasional Bhd has sealed an agreement with property developer Riverson Corp Sdn Bhd to guarantee the latter's RM200 million five-year private debt securities programme to finance the construction of a mixed integrated commercial development in Kota Kinabalu, Sabah.

KUALA LUMPUR: Mah Sing Group Bhd's latest land deal has won the thumbs-up from analysts as development rights to the 4.08-acre (1.63ha) parcel that formerly housed the Pekeliling flats, give the group potential access to a larger piece of prime landbank in the Klang Valley.

KUALA LUMPUR: UOA Development Bhd's single largest shareholder UOA Holdings Sdn Bhd bought 2.329 million shares from the open market since its listing on June 8.

Filings with Bursa Malaysia showed the recent acquisitions raised its shareholding to 66.77% or 798.48 million shares, up from 796.48 million shares or 66.58%.

LONDON: British housebuilder Taylor Wimpey reported a rise in first-half margins and profit and predicted a stable housing market, despite economic conditions forecast to be tough for the remainder of the year.

BEIJING: Office rents in Beijing and Jakarta rose about 15% in the second quarter from the previous three months, the fastest among 27 Asian markets, property consultant Jones Lang LaSalle (JLL) said, as tight supply and strong corporate growth lifted prices.