KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) and IJM Land Bhd's proposed merger has been called off after both parties failed to agree on the terms of the Memorandum of Understanding (MoU), which expired on Wednesday, Dec 29.

KUALA LUMPUR: Office occupiers in India are more optimistic than they have been in recent months, with the majority planning to take on additional office space, according to a survey of 200 office occupiers conducted by real estate consultancy DTZ.

KUALA LUMPUR: Crescendo Corporation Bhd has posted a net profit of RM8.45 million for its third quarter (3Q) ended Oct 31, 2010, more than double from RM4.08 million a year ago, on higher revenue.

Meanwhile, turnover rose 55.7% to RM59.11 million from RM37.94 million a year ago, it announced to Bursa Malaysia on Wednesday, Dec 29.

KUALA LUMPUR: Mitrajaya Holdings Bhd's unit Pembinaan Mitrajaya Sdn Bhd has been awarded a RM53.5 million hangar construction contract at an airport in Subang, Shah Alam.

In a Bursa filing on Wednesday, Dec 29, the group said its unit had received the letter of acceptance of contract on Dec 28.

BEIJING: China will not relax curbs on property speculation in 2011 and will reinforce the implementation of measures to contain rising home prices, domestic media reported on Wednesday, Dec 29, citing Housing Minister Jiang Weixin.

KUALA LUMPUR: Real construction growth for 2011 has been projected at 4%, OSK Research said in its 2011 report.

It re-rated valuations upwards for the construction sector fuelled by the possibility of an early general election, implementation of the proposed projects under the Economic Transformation Programme and Budget 2011.

KUALA LUMPUR: Green Atmosphere Sdn Bhd (GA) has estimated a gross development value of RM20 million for its newly launched one-stop outdoor living mart project called "Garden Explore".

BEIJING: Cars have gridlocked countless great cities that did not plan for the explosion of private ownership. Not so long ago mainland cities remained exceptions. The automotive industry was still to take off.

MELBOURNE: Australia experienced one of the strongest housing markets in the world during 2010, new research shows.

But likely interest rate hikes will slow the market in 2011, the Global Real Estate Trends report predicts.

The report, released by Canada's Scotiabank, tracks the housing markets in 12 advanced economies throughout 2010.

BEIJINGL China will not tolerate speculative buying in its red-hot property market and will keep up a slew measures to calm prices, Chinese Vice Premier Li Keqiang was quoted by state television as saying on Tuesday, Dec 28.