KUALA LUMPUR: Guocoland (Malaysia) Bhd managed to reduce its pre-tax loss for the third quarter ended Mar 31, 2011 to RM3.187 million from a loss of RM6.074 million in the same period last year.

Revenue decreased to RM23.955 million from RM42.420 million previously.

KAJANG: United Malayan Land Bhd's (UMLand) subsidiary Bangi Heights Development Sdn Bhd is launching a new project called Legundi Residensi — which has an expected gross development value (GDV) of RM40 million — in the Bandar Seri Putra township near Kajang.

HONG KONG: Hong Kong will accelerate a plan to boost land supply by releasing 12 sites in the coming quarter, while the city's financial secretary said on Wednesday, Apr 13 that further cooling measures might be taken to stabilise the frothy property market.

HONG KONG: Hong Kong's retail property market may be hit by the possible closure of Japanese restaurants as a result of concerns over Japanese food safety, industry observers have warned.

HONG KONG: Soaring main street rents and property prices have pushed up rents of mini-offices in industrial buildings by over 10% in the past few months, property agents say.

HONG KONG: Have you ever grumbled your way out of bed after a hard day's work because you forgot to turn the lights off in the apartment before you settled down to sleep?

Imagine being able to simply reach out to the bedside table, pick up your mobile phone and punch in a couple of keys to turn off the lights — or turn on the air-conditioner.

BEIJING: The number of overseas property projects exhibited at the spring session of the Beijing Real Estate Expo doubled to more than 80 from last year, organisers have said.

The expo, which began last Thursday, Apr 7, attracted overseas vendors from more than 20 countries and regions, including the United States, Australia, Canada, Britain, Singapore, Thailand and Hong Kong.

HONG KONG: Hong Kong home sales rose strongly for a second week as a push by developers to market new projects had a spillover effect, fuelling interest in the secondary market.

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) has received approval for Phase 2 of its proposed mixed integrated development in Tanjong Tokong, Penang.

KUALA LUMPUR: The Iskandar Regional Development Authority (IRDA) is pondering the viability of a 500km Mass Rapid Transit (MRT) project in the sprawling development region which would provide a direct link to Johor Bahru.