HONG KONG: Jewellers and luxury international brands have edged out restaurants in the upmarket IFC Mall in Central.

Commercial landlord Sun Hung Kai Properties has revamped the tenant mix of its joint-venture retail arcade by not renewing lease agreements with 10 restaurants to make room for those willing to pay much higher rents for the prime space.

MELBOURNE: Overseas students say accommodation and living costs are too high in Australia, a survey has found.

The International Student Barometer (ISB), a survey for Universities Australia, the peak representative body for universities, received responses from more than 36,000 international students.

KUALA LUMPUR: Amcorp Properties Bhd recorded a net loss of RM2.17 million for its third quarter ended Dec 31, 2010 (3Q 2010) on the back of revenue of RM24.34 million.

Its results represented a substantial change from a year ago where net profit and revenue of RM12.29 million and RM44.14 million were recorded, it said on Tuesday, Feb 22.

KUALA LUMPUR: MMC Corporation Bhd achieved a net profit of RM344.94 million for its financial year ended Dec 31, 2010 (FYE 2010) compared to a net profit of RM233.62 posted a year ago.

Its net profit for the fourth quarter (4Q 2010) was RM104.60 million, down from the RM108.60 million recorded a year ago.

KUALA LUMPUR: Selangor Dredging Bhd's pre tax profit for the third quarter ended Dec 31, 2010 rose to RM9.812 million from RM6.341 million in the same quarter of 2009.

Its revenue increased to RM105.095 million from RM58.946 million previously.

For the nine-month period, its pre-tax profit rose to RM28.040 million from RM15.060 million in the same period of 2009.

Beats the market; targets RM1.5b sales

4QFY10 : An eventful and fruitful year

KUALA LUMPUR: SHL Consolidated Bhd posted a net profit of RM6.02 million on the back of revenue of RM36.84 million for its third quarter (3Q 2010) ended Dec 31, 2010.

Comparatively, the company recorded a net profit and revenue of RM5.30 million and RM63.38 million respectively a year ago, it said on Tuesday, Feb 22.

KUALA LUMPUR: AQRS The Building Company Sdn Bhd's (AQRS) luxury Gombak Grove north of Taman Seri Gombak development has achieved a 45% take-up rate prior to its launch, said a company representative.

The project, which comprises 25 zero-lot bungalows on a 4.36-acre leasehold parcel, is in the midst of pre-sales, she told theedgeproperty.com on Tuesday, Feb 22.

TOKYO: For the mere sum of US$55 million (RM167.75 million) Japan's central bank has lit a spark under the property market that if sustained could help the authorities in their prolonged battle with deflation.