BEIJING: Chinese property prices in 70 cities rose 9.5 percent in January from a year earlier, up from 7.8 percent in December, the National Development and Reform Commission said Thursday Feb 11.

It was the eighth consecutive year-on-year rise after seven months of deaclines, adding to worries that a bubble in the property market was forming.

KUALA LUMPUR: Kenanga Research is keeping its Buy call on Mah Sing Group at RM1.80 with a target price of RM2.10 after exercising its option to buy a piece of land in Cyberjaya.

Mah Sing intends to exercise its option to purchase 6.32 acres of freehold commercial land, adjacent to Garden Residence, Cyberjaya.

KUALA LUMPUR: Amanahraya Real Estate Investment Trust (ARREIT) registered a lower pre-tax profit of RM30.88 million for its financial year ended Dec 31, 2009, compared with RM67.07 million in the previous year.

Revenue, however rose to RM46.52 million from RM45.56 million.

KUALA LUMPUR: Mah Sing Group Bhd through its wholly-owned subsidiary Myvilla Development Sdn Bhd has, on Feb 10 has announced its intention to acquire a tract of commercial land measuring 6.32 acres in Cyberjaya from Cyberview Sdn Bhd for a sum of RM21,743,422.

PUTRAJAYA: Putrajaya Corp will organise an international conference themed "Green Cities: Putrajaya Urban Conference Series 2010," over two days beginning Feb 23 at the Putrajaya Corporation Complex here.

HONG KONG: Property developer Greentown China Holdings Ltd said it may jointly set up property companies with total investment capital of five billion yuan (RM323.43 million) with Shanghai-listed Shandong Expressway.

KUALA LUMPUR: Mudajaya Group Bhd fourth quarter net profit surged two-fold to RM41.05 million from RM10.36 million a year ago increased level of activities.

It said on Feb 10 that revenue rose 65% to RM211.76 million from RM128.22 million while earnings per share were 11.02 sen versus 1.50 sen. It declared 10% dividend per share or two sen per share.

PETALING JAYA: MRCB Land will be showcasing its latest residential units for sale in its Bandar Seri Iskandar township in Central Perak on the weekend of Feb 13 & 14 in a special promotional event called “Wish For More…Jom Milik!” Property Sales Celebration.

MRCB Land’s Bandar Seri Iskandar township spans 5,000 acres and will be fuilly completed in 2020.

KUALA LUMPUR: IOI Corp Bhd's net profit for the second quarter ended Dec 31, 2009 (2QFY10) surged 174% to RM461.21 million from RM168.58 million a year ago, thanks to higher profits from property and manufacturing segments and unrealised paper gain on US dollar-denominated borrowings.

PETALING JAYA: Development plans for a vacant site adjacent to the Kota Damansara Community Forest in Kota Damansara in Petaling Jaya, Selangor have not been finalised, said the developer Bonus Focus Sdn Bhd.