KUALA LUMPUR: Al-'Aqar KPJ Real Estate Investment Trust (REIT) recorded a drop in net profit of 2% to RM9.94 million from RM10.16 million a year ago in its third quarter (3Q) financial results ended Sept 30, 2010, the trust announced on Tuesday, Nov 30.

Revenue rose 21% to RM19.15 million from RM15.82 million a year ago.

KUALA LUMPUR: Zecon Bhd recorded a net loss of RM2.29 million compared to a net loss of RM9.04 million a year ago in its thid quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue, on the other hand, rose 34% to RM59.8 million from RM44.49 million a year ago.

KUALA LUMPUR: Ranhill Bhd recorded an increase in net profit by 86% to RM15.64 million from RM8.38 million a year ago in its first quarter (1Q) financial results ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue earned, however, dropped 11.5% to RM443.24 million from RM501 million a year ago.

KUALA LUMPUR: Karambunai Corp Bhd recorded a net loss of RM11.78 million compared to a net loss of RM3.56 million a year ago in its second quarter (2Q) financial results as at Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue earned dropped by 19% to RM30.95 million from RM38.15 million a year ago.

KUALA LUMPUR: UOA Real Estate Investment Trust (REIT) recorded a drop in net profit of 14.4% to RM6.25 million from RM7.3 million a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the trust announced on Monday, Nov 29.

Revenue collected during the period dropped by 5% to RM10.61 million from RM11.15 million a year ago.

WASHINGTON, DC: The commercial property market is beginning to even out and is expected to modestly improve next year on a recovery in fundamentals, said the National Association of Realtors (NAR).

LONDON: Premium apartment scheme The Heron has won an award in the Best High Rise Development category at the UK Property Awards on Saturday, Nov 27.

Its developer Heron International said the award encompassed all areas of the development such as its location, design, appearance, amenities and marketing, in a statement on Monday.

WELLINGTON: The number of new dwelling consents approved in New Zealand fell in October as housing activity was sluggish, backing views the central bank will hold rates unchanged well into next year.

KUALA LUMPUR: Fourth Malaysian prime minister Tun Dr Mahathir Mohamad has raised concerns about the current property development boom in here.

In a posting on his blog on Tuesday, Nov 30, he asked if the current property boom could last despite a growth in the population of the city and its outlying Greater Kuala Lumpur area.

KUALA LUMPUR: Moody's Investors Service has a stable outlook for the China property sector; although a moderate downward correction is expected in prices during 2011.