KUALA LUMPUR: The share price of the new entity Sunway Bhd fell 11% to RM2.49 on its maiden day of trading yesterday, which analysts attribute to poor market conditions rather than its underlying fundamentals.

The property and construction company’s shares opened at RM2.60 with 123,900 shares traded, compared with a reference price of RM2.80. The stock then fell to a low of

KUALA LUMPUR: IJM Land Bhd expects the local property market to remain resilient this year, and plans to launch RM2 billion worth of properties for FY12 ending March 31.

Its managing director and CEO Datuk Soam Heng Choon said IJM Land would continue to launch projects in FY12 due to strong demand for property that is underpinned by young buyers and attractive interest rates.

kUALA LUMPUR: Nadayu Properties Bhd will be launching three major property developments with a combined gross development value of RM1.3 billion in the Klang Valley and Penang from now until year end.

Group executive chairman Hamidon Abdullah said on Wednesday, Aug 24 it would launch a project in Bandar Sunway sometime in September.

KUALA LUMPUR: Plenitude Bhd's net profit for the fourth quarter fell 19.5% to RM22.2 million from RM27.60 million a year earlier due mainly to lower progressive profit recognised on properties sold, completed and handed over.

KUALA LUMPUR: Bandar Raya Developments Bhd's pre-tax profit for the second quarter ended June 30, 2011 dropped to RM23.210 million from RM94.085 million in the corresponding quarter last year.

Sunway eyes overseas operations to contribute 30% to turnover

KUALA LUMPUR: Sunway Bhd, an integrated property and construction company, expects its overseas business operation to contribute about 30 per cent of the company's total turnover in the next five years.

KUALA LUMPUR: KSL Holdings Bhd's pre-tax profit for the second quarter ended June 30, 2011 rose to RM34.07 million from RM24.32 million in the same quarter of 2010.

KUCHING: The state government will refund RM24.56 million in excess land renewal premiums through the Sarawak Land and Survey Department to residential and agriculture land and shophouse lease applicants.

KUALA LUMPUR: Al-'Aqar KPJ REIT  reported earnings of RM11.03 million in the second quarter ended June 30, 2011, which was just 0.8% higher that the RM10.94 million a year ago.

It reported on Tuesday, Aug 23 revenue rose 14.1% to RM19.82 million from RM17.21 million while earnings per share were 1.90 sen compared with 1.89 sen.

KUALA LUMPUR: IJM Land Bhd expects local property market to remain resilient this year, underpinned by stronger demand as younger people were also buying property.