HONG KONG: For many young couples, the dream of owning a new one-bedroom flat in an urban area appears to be growing more distant than ever — even though the government has warned it would impose more measures to rein in soaring prices if necessary.

Mah Sing Group Berhad

INVESTMENT HIGHLIGHTS

•  Earnings within expectations. Mah Sing Group’s (MSGB) 1QFY11 earnings met expectations, accounting for 25% and 26% of ours and consensus full year forecasts respectively.

IPOH: The Perak Public Accounts Committee (PAC) has criticised state government departments and agencies over their failure to closely monitor the progress of building constructions under their purview.

GUA MUSANG: The rapid development in infrastructure such as roads and public amenities has increased investments and property values in Gua Musang by 10-fold, according to Gua Musang Member of Parliament Tengku Razaleigh Hamzah.

KUALA LUMPUR: Magna Prima Bhd, a boutique property developer, expects its performance to be robust this year, supported by projects launched throughout the year.

The company currently has five projects with an estimated gross development value (GDV) of RM1.045 billion due for completion over the next three to four years.

KUALA LUMPUR: Main Market-listed Mutiara Goodyear Development Bhd is acquiring a freehold prime land along Jalan Sultan Ismail in Kuala Lumpur of approximately 3.56 acres from UDA Holdings Bhd for a cash consideration of RM215.5 million.

KUALA LUMPUR: Mah Sing Group Bhd reported a 47.6% increase in its earnings at RM41.16 million in the first quarter ended March 31, 2011 from RM27.88 million a year ago.

It said on Wednesday, May 25 revenue rose 30.8% to RM311.75 million from RM238.31 million while earnings per share were 4.95 sen when compared with 3.35 sen.

KUALA LUMPUR: Singapore-based Azea Property Investment (API) is looking to launch its second project — a RM43 million condominium project dubbed Anson Cube — in Malaysia soon.

KUALA LUMPUR: An United Malayan Land Bhd (UMLand) unit will be developing Japanese Holiday Homes in its flagship-integrated township of Bandar Seri Alam, located within the Eastern Corridor of Iskandar Malaysia in Johor.

KUALA LUMPUR: Datuk Seri Najib Razak said on Tuesday, May 24 a report on the landslide tragedy in Hulu Langat would be submitted to the Cabinet to draw up guidelines on development on agricultural land and hillslopes.