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Japan land prices drop at fastest pace in 13 years

TOKYO: Average land prices in Japan fell 8.0% in the year to January 1, the biggest drop in more than a decade, a government agency said, in a sign the country's real estate market is still reeling from the global financial crisis.

01 July, 2010
Australia's shoppers, builders feel bite from rates

SYDNEY: Australia's retail sales grew at a pedestrian pace in May, while approvals to build new homes fell sharply for a second month, adding to investor expectations that interest rates would stay on hold this month, if not for longer.

01 July, 2010
Kumpulan Europlus rakes in net loss of RM3.4 million

KUALA LUMPUR: Kumpulan Europlus recorded a net loss of RM3.4 million for its first quarter ended April 30, 2010 compared to a net profit of RM250,000 a year ago, it announced on Bursa Malaysia on Wednesday, June 30.

“The loss for the quarter was due to higher finance cost and lower other income, mitigated by lower operating expenses,” the Group said.

30 June, 2010
Talam Corp 1Q net profit drops 30%

KUALA LUMPUR: Talam Corporation Bhd's (Talam Corp) net profit for its first quarter ending April 30, 2010 dropped 30% to RM1.6 million from RM2.2 million the previous year, it said in a filing to Bursa Malaysia on Wednesday, June 30.

Its revenue meanwhile dropped 62% to RM23.3 million from RM61.4 million a year ago.

30 June, 2010
Jaks Resources sees 470% jump in 2Q net profit; drops 33% in revenue

KUALA LUMPUR: Jaks Resources's net profit for the second quarter ending April 30, 2010 rose 470% to RM890,000 compared to RM142,000 reported in the same quarter last year, the company said in a filing to Bursa Malaysia on Wednesday, June 30. 

However, revenue in the quarter dropped 33% to RM54.68 million from RM81.312 million in the same quarter the year before.

30 June, 2010
Fund sees record rentals for Macau luxury flats

MACAU: The Macau Property Opportunities Fund has achieved record rentals for units in The Waterside, a luxury residential block in Macau that it bought from Hongkong Land and Shun Tak Group in 2006.

30 June, 2010
Glomac to launch 3rd phase of Glomac Damansara by year-end

KUALA LUMPUR: Glomac Bhd plans to launch the third phase of Glomac Damansara, situated along Jalan Damansara in Kuala Lumpur, by the year's end.

The third phase comprises 103 boutique retail units, one food court and one supermarket.

30 June, 2010
Developers build up land holdings

BEIJING: Mainland property developers have shrugged aside concerns over policy measures to curb home sales and are aggressively building up their land holdings.

30 June, 2010