Depending on who you are talking to, the Malaysian property market will continue to head north or sail into stormy waters.

KUALA LUMPUR: CapitaMalls Malaysia REIT Management Sdn Bhd (CMRM), the managers of CapitaMalls Malaysia Trust (CMMT), announced on Friday, Jan 21 that CMMT's fourth quarter (4Q) income for the year ending 2010 rose to RM24.8 million. Its distribution per unit (DPU) exceeds forecast by 3.4%.

KUALA LUMPUR: Hua Yang Bhd saw a significant jump of 179% in its net profit for its third quarter (3Q) ending Dec 31, 2010 to RM7.65 million, compared to RM2.74 million in 2Q2010.

The group also recorded revenue of RM49.3 million and profit before tax of RM10.4 million in 3Q2010.

BANGKOK: People living around Thailand's main Suvarnabhumi Airport have continued their protest on Friday, Jan 21 at a passenger terminal of the Thai international airport, demanding the Airports of Thailand (AOT) pay them compensation for noise pollution right away, the Thai News Agency reported.

KUALA LUMPUR: GSB Group Bhd's unit Serta Usaha Sdn Bhd (SUSB) has entered into a conditional sale and purchase agreement with Leopad Holdings Sdn Bhd to sell its property, comprising land and a 13-storey hotel for RM22 million cash.

The property is situated in Jalan Kapar, off Jalan Syed Putra, in Kuala Lumpur.

KUALA LUMPUR: Equine Capital Bhd entered into a joint development (JV) agreement with Revenue Concept Sdn Bhd to develop a 9-acre freehold tract in Subang Jaya, Selangor, according to the company's filing to Bursa Malaysia on Jan 21.

The proposed development will comprise mixed commercial and residential developments, with an estimated value of RM1 billion.

KUALA LUMPUR: Naim Holdings Bhd has entered into a Memorandum of Understanding (MoU) with Lembaga Amanah Kebajikan Masjid Negeri Sarawak (LAKMNS) and Tabung Baitulmal Sarawak on Friday, Jan 21 to develop a 14-acre tract at Jalan Batu Lintang in Kuching, according to the company’s filing on Bursa Malaysia on the same day.

HO CHI MINH CITY: Vacancy rates in Ho Chi Minh City (HCMC) is expected to remain high for the next few years despite promising absorption in the fourth quarter (4Q) 2010, due to the increasing supply, according to Cushman & Wakefield's latest HCMC Office Report.

KUALA LUMPUR: Bina Puri Holdings Bhd, through its wholly-owned subsidiary Bina Puri Properties Sdn Bhd, has acquired an almost 2-acre tract in Kota Kinabalu, Sabah for RM4.5 million.

According to a statement released by the company on Jan 21, the land will be used to develop one block of serviced apartments comprising 100 units with built-ups between 1,500 sq ft and 4,500 sq ft.

KUALA LUMPUR: Main Market-listed Kuantan-based property developer Pasdec Holdings Bhd plans to launch at least RM252 million worth of properties in Pahang this year.