ALOR SETAR: The Kedah Licensed Auctioneers Organisation today launched a website to enable buyers and real estate agents select properties for bidding at public auctions.

Its president Syed Md Hazir Syed Noor said lelongharta.com list properties auctioned at courts, land offices or venues specified by auctioneers.

PHNOM PENH: A well-known local firm, Overseas Cambodia Investment Corporation (OCIC), said on Friday, May 27 that the firm has received approval-in-principle from Prime Minister Hun Sen to develop a new satellite city in Phnom Penh's Chroy Changvar peninsula.

SHAH ALAM: Glenmarie Properties Sdn Bhd (GPSB), a wholly-owned subsidiary of DRB-Hicom Bhd, has collaborated with Bank Muamalat Malaysia Bhd (BMMB) to develop a home financing package called, "Glenmarie-Muamalat Home Ownership Made Easy (H.O.M.E).

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) could be selected to undertake the development of the Rubber Research Institute (RRIM) land in Sungai Buloh, Selangor.

"We believe this will be an upside catalyst for MRCB," OSK Research Sdn Bhd said in a research note on Friday, May 27.

KUALA LUMPUR: OSK Property Bhd executive director Ong Leong Huat and Land Management Sdn Bhd have proposed to acquire the outstanding 73.74% stake in the property company in a deal valued at RM122.41 million.

KUALA LUMPUR: Dijaya Corporation Bhd reported net profit of RM18.54 million in the first quarter and announced projects with gross development value (GDV) of RM3.5 billion over the next two years.

It said on Friday, May 27, that its earnings jumped 489% from RM3.15 million a year ago, boosted by higher profit margin contributed by its new property development launches.

KUALA LUMPUR: Boustead Holdings Bhd earnings rose 24.3% to RM112.20 million in the first quarter ended March 31, 2011 from RM90.20 million a year ago, boosted by the plantations division.

SHAH ALAM: Conglomerate DRB-Hicom Bhd posted higher pre-tax profit of RM701.5 million for FY11 ended March 31, an increase of 6.6% y-o-y on the back of higher revenue of RM6.8 billion versus to RM6.31 billion in the previous year.

Net profit was largely flat at RM472.5 million or 24.44 sen a share compared with RM472.3 million a year ago.  

KUALA LUMPUR: TA Global Bhd has begun releasing the first residences for sale at its 48-acre Damansara Avenue project in Bandar Sri Damansara.It saw a 50% take-up for the first release of Azelia Residence serviced apartments during a priority preview on May 7.

LONDON: Just under 60% of new-build property sold in central London between November 2010 and April 2011 went to Asian buyers, according to a new Knight Frank study.