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.

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.

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.

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.

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.

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.

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

KUALA LUMPUR: Fajarbaru Builder Group Bhd's (FB) net profit has risen 20% to RM4.15 million for the first quarter (1Q) ended Sept 30, 2010 from RM3.45 million a year ago despite revenue falling by 29.9% to RM28.03 million from RM40.01 million a year ago.

KUALA LUMPUR: Y&G Corporation Bhd has posted a net loss of RM821,000 for the third quarter (3Q) ended Sept 30, 2010, from a net profit of RM465,000 a year ago underpinned by lower revenue and loss on disposal of property, it announced to Bursa Malaysia.

KUALA LUMPUR: IOI Corporation Bhd recorded a higher pre-tax profit of RM661.74 million for its first quarter ended Sept 30, 2010, compared to the RM625.11 million in the previous corresponding period.