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.

KUALA LUMPUR: PJI Holdings Bhd has entered into a tenancy agreement with Pan Pacific Enterprise Sdn Bhd for the rental of two adjoining units of 3-storey semi-detached factories known as Wisma PJI in Damansara, Petaling Jaya.

KUALA LUMPUR: Harbour-Link Group Bhd's wholly-owned subsidiary Eastern Soldar Engineering & Construction Sdn Bhd (ESEC) has accepted a letter of intent from Chiyoda Sarawak Sdn Bhd for the Tokuyama Malaysia project in Sarawak for a sum of RM29 million.

KUALA LUMPUR: Benalec Holdings Bhd's wholly-owned subsidiary Benalec Sdn Bhd has bag a job from Glenmarie Cove Development Sdn Bhd to undertake the proposed earthworks, river protection works and its associated works worth RM37,007,416.

SINGAPORE: Alpha Investment Partners unit Macro Trends Fund and NTUC Income will acquire Grade A+ commercial development Capital Square from Germany's ERGO Insurance Group for S$889 million (RM2.14 billion), in what may be the largest commercial property deal in the island republic this year.

KUALA LUMPUR: Could Boustead Holdings Bhd be considering a real estate investment trust (REIT) soon?

With The Curve NX and the Royale Bintang Damansara hotel slated for completion in the burgeoning Mutiara Damansara commercial centre in Petaling Jaya later this year, Boustead's property portfolio in the prime area may be reaching a tipping point.