HONG KONG: Sino Group is co-operating with a group of volunteers to launch a non-profit foodbank in Hong Kong aimed at easing the city's major poverty problems.

The developer will offer its 1,604 sqft warehouse in Yau Tong, Kowloon for the operational hub of the Hong Kong's community foodbank.

It is also encouraging employees to volunteer their time and energy for the project.

KUALA LUMPUR: Berjaya Land Bhd (BLand) reported a net profit of RM34.9 million in its third quarter for financial year ending April 30, 2011, a sharp increase of 207% compared to a net loss of RM8.5 million in the same period a year ago due higher profit contribution from the property sales registered in the current quarter under review.

KUALA LUMPUR: Kinrara Niaga, a shop office development within I&P Group Sdn Bhd's flagship Bandar Kinrara township in Puchong, Selangor is almost sold out ahead of its launch this weekend.

Some 18 of the project's 24 units have been snapped up during its soft launch on Tuesday, Mar 22, said group managing director Datuk Jamaludin Osman.

KANGAR: Small agricultural land of less than an acre (0.4ha) in size in the state can now be issued with ownership title, Perlis Menteri Besar Datuk Seri Dr Md Isa Sabu said on Tuesday, Mar 22.

He said the new ruling, effective from January this year, was to reduce too many names being listed on each of the land titles.

SEOUL: South Korea plans to unveil measures to boost its housing market later on Tuesday, Mar 22, the finance ministry said, in a move likely intended to cushion the impact from an expiry next week of easier borrowing rules brought in last August.

The ministry said in a text message to reporters that the government would unveil the measures at 6.30pm (0930 GMT). It did not elaborate.

KUALA LUMPUR: OCBC Bank (Malaysia) Bhd has rewarded nearly RM200,000 in cash rewards to its real estate agents who "walked the extra mile" in their partnership with the bank at the inaugural OCBC Real Estate Agents' Awards Night.

KUALA LUMPUR: MIDF Research sees ample room for Gamuda Bhd's financial year 2011's profit to exceed its 19% growth target year-on-year on more jobs rollouts in the future.

SINGAPORE: Singapore home prices have stabilised after four rounds of measures aimed at cooling the property market, a senior government official said on Monday, Mar 21.

Property prices in Singapore "have sort of stabilised", said Peter Ong, permanent secretary at the ministry of finance at a conference on East Asian development.

WASHINGTON: Sales of previously owned US homes fell unexpectedly sharply in February and prices fell to their lowest in nearly nine years, an industry group said on Monday, Mar 21.

KUALA LUMPUR: AmResearch has reiterated the "buy" recommendation on Benalec Holdings Bhd with a fair value of RM1.90 per share, as the company is estimated to have clinched new contracts worth RM608 million for the financial year-to-date, compared to RM77 million in 2010.