Encorp posts RM4.65m for 3Q
KUALA LUMPUR: Encorp Bhd registered a 13.5% growth in net profit to RM4.65 million for its third quarter (3Q) ended Sept 30, 2010 from RM4.1 million a year ago, the group announced to Bursa Malaysia on Friday, Nov 19.
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Sunway unit clinches RM14.7m piling and pilecap contracts
KUALA LUMPUR: Sunway Holdings Bhd's unit Sunway Geotechnics (M) Sdn Bhd has secured contracts totalling RM14.7 million for projects in Bandar Springhill, Port Dickson at Negeri Sembilan.
Hong Kong may unveil more property cooling moves
HONG KONG: Hong Kong's government is expected to unveil further measures to cool its red-hot real estate market, local media reported on Friday, Nov 19, pushing property-related stocks lower.
China COFCO to list property arm in Hong Kong
SHANGHAI: China's state-owned grain trading house COFCO plans to float shares of its property development operations by the end of 2011, the China Business News reported on Friday, Nov 19, citing COFCO chairman Gao Ning.
KL office market to stay soft in 2011
KUALA LUMPUR: The city's office market is expected to remain soft at the beginning of 2011 due to a large supply of new space entering the market over the next two years, said local consultancy YY Property Solutions.
Office rents in Asia rose 3.2% in the 3Q2010
BEIJING: Overall office rents in Asia, led by strong growth of Greater China and Singapore, rose 3.2% in 3Q2010, the second consecutive quarter growth confirming the recovery of overall office demand in the region, according to a statement released by CB Richard Ellis (CBRE) recently.
China to keep a close eye on 'hot-money' inflows
BEIJING: In attempt to stabilise the property market, China's Ministry of Commerce recently said that it would keep a close eye on the "hot-money" inflows into China, especially in the real estate area, according to Beijing-based caijing.com.cn.
MPCorp enters pact with LG unit for resort, smart green city projects in Iskandar Malaysia
KUALA LUMPUR: Malaysia Pacific Corporation Bhd (MPCorp) is tying up with LG Corp’s IT and media services unit to develop LakeHill Resort City and APTEC City's smart green city-related projects in Iskandar Malaysia.
LakeHill Resort City and exclusive permanent trade expo APTEC City are initiatives by MPCorp and Ministry of Finance unit Amanah Raya Bhd.
City&Country: My Space — Greater KL Plan or Greater Planned KL?
Many people have lived in Kuala Lumpur all their lives while others, like me, are migrants. I moved here while I was a teenager. What a change the city has gone through over the years.
MPI to attract RM20b FDI in real estate in five years
KUALA LUMPUR: Malaysia Property Inc (MPI) aims to bring in RM20 billion worth of foreign direct investment (FDI) into all sectors of real estate in the country within the next five years, half the time of its original mandate of 10 years.MPI chief executive officer Kumar Tharmalingam told The Edge Financial Daily that one way to achieve the target is to promote and brand the country as a real e
