The Tiong Nam name is associated with logistics. After all, Tiong Nam Logistics Holdings Bhd (TNLH) has been in business since 1972 and steadily extending its operations into new locations and industries.

Centaline Property, one of the largest property agencies in Hong Kong, began eyeing the Singapore market a decade ago. The firm even registered its business in the city-state back then.

Sellers have begun cutting their asking prices for Hong Kong properties in response to growing uncertainty over the global economic outlook. This creates new opportunities for buyers who until now have been priced out of home ownership.

KUALA LUMPUR: S P Setia Bhd is expanding its landbank in Australia with an investment of RM81 million for its second property project in Melbourne with an estimated gross development value of A$250 million (RM772 million).

WASHINGTON, DC: Nationwide housing starts in the US declined 5% to a seasonally adjusted annual rate of 571,000 units in August, according to figures released by the US Commerce Department on Sept 20.

KUALA LUMPUR: The more than 30% decline in China property stocks over the past couple weeks is overdone, says CIMB Equities Research.

In its report issued on Friday, Sept 23, it said that in its view, "the market correction is overdone as it has taken the sector's RNAV discount, P/BV and P/E to 2008 trough levels".

KUALA LUMPUR: WCT Bhd has signed an agreement with Malaysia Airports Holdings Bhd (MAHB) and Segi Astana Sdn Bhd to privatise the construction, development and financing of the integrated complex at KL International Airport 2. This is on a build-operate-transfer basis for a concession period of 25 years, with an option to extend it a further 10 years.

KUALA LUMPUR: Integrated structural steel turnkey contractor Eversendai Corp Bhd has secured RM371 million worth of projects in India, Qatar and Oman through its various subsidiaries.

PETALING JAYA: Mudajaya Group Bhd has announced a number of boardroom changes. Major shareholder Ng Ying Loong has stepped down as the group's managing director and the current joint managing director Anto Joseph is taking over.

KUALA LUMPUR: Berjaya Land Bhd (BLand) saw its net profit fall 28% to RM56.1 million in the quarter ended July 31, 2011 from RM77.9 million in the corresponding quarter last year despite an increase in revenue to RM1 billion from RM978.9 million during the same period.