KUALA LUMPUR: Kuantan Port City (KPC) is projected to attract up to RM38 billion investments by 2020, and help the East Coast Economic Region (ECER) and the country's first Special Economic Zone located within it, to be an industrial and logistics hub.

The ECER encompasses Kelantan, Terengganu and Pahang as well as the Mersing district in Johor.

KUALA LUMPUR: Axis REIT Managers Bhd (ARMB), the manager of office/industrial Islamic REIT Axis Real Estate Investment Trust (Axis-REIT), is offering their unit holders the opportunity to reinvest their income distribution in new units as part of the trust's plan to allot an issue up to 75,180,200 new units, which is up to 20% of the current fund size of Axis-REIT of 375,901,000, increasing the

LONDON: The average price of flats and maisonettes in London Central had increased by 12.7% last year-end, compared to the previous year.

KUALA LUMPUR: The board of United Overseas Australia Ltd (UOA), which is listed primarily on the Australian Stock Exchange (ASX), has submitted documents to Bursa Malaysia for a proposed listing of its development arm on the local bourse's main market.

KUALA LUMPUR: YTL Land & Development Bhd's share price has been climbing recently, gaining about 35% year-to-date as investors expect the company to be one of the beneficiaries of the upcoming MRT project under the government's greater KL plan.

KUALA LUMPUR: On the back of rising iron ore prices and an expected increase in demand for steel, industry officials say steel players should think about restocking because raw material prices are expected to continue to climb.

KUALA LUMPUR: The possible raising of the deposit required for a property developer's licence may not reduce the number of abandoned projects, but could instead lead to costlier homes, said the Real Estate and Housing Developers Association (Rehda).

KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) posted a net profit of RM10.3 million in its third quarter (3Q) for the financial year ending March 31, 2011, an increase of 7.8% from RM9.6 million in the preceding year's corresponding quarter due to the compensation of land acquisition at The Summit Subang USJ.

KLANG: Syarikat Bekalan Air Selangor (Syabas) and a housing developer paid compensation totalling RM183,224 to 66 Taman Palm Grove residence here who were affected by the flash flood after a water pipe burst in the area in May last year.

KUALA LUMPUR: Property developer Oriental Interest Bhd reported a net loss of RM883,000 for its second quarter (2Q) of its financial year ending Jun 30, 2011, a drop of 206% from a net profit of RM832,000 for the same period a year ago due to declining sales, high materials cost and adverse foreign exchange movement experienced by manufacturing division.