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MRCB to host property offerings in Bandar Seri Iskandar

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.

IOI 2Q net profit surges 174%, declares seven sen dividend

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.

Home prices in Beijing to remain steady, agents say

HONG KONG: Beijing home prices are expected to maintain a steady course during the remainder of the year, supported by the city mayor's unexpected pledge not to use administrative measures to intervene in the market.

Hollywood sign gets makeover for fundraising drive

LOS ANGELES: Hoping to prevent the famed view of the Hollywood sign from being spoiled by development, a group set out on Tuesday Feb 9 to raise US$5 million to buy a nearby hilltop peak once owned by billionaire Howard Hughes.

British Land's bumper 3Q cheers banks

LONDON: British Land's surprise 18% rise in net asset value lifted spirits among property landlords and lenders on Feb 9, but is unlikely to muffle doomsayers who claim a pricing bubble is already in prospect.

Buyers warned of HK property bubble

HONG KONG: The Hong Kong property market has risen too fast and buyers must look out for a bubble, according to Justin Chiu Kwok-hung, Cheung Kong (Holdings) executive director. "The rise is a bit unusual," Chiu said on Feb 8. "There should be a correction at some point."

LaSalle seeks property developments in Australia

SYDNEY: LaSalle Investment Management is seeking local partners to invest in Australian property developments and boost returns for its US$3 billion (RM10.32 billion) opportunity fund, a top executive said on Feb 9.