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.

HONG KONG: Rising rents and surging prices of apartments in Hong Kong are driving a trend towards conversions of older industrial and commercial buildings into lofts.

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.

SEOUL: South Korean banks' mortgage lending to households in January posted the smallest monthly gain in four months due to a fall in new home supplies and sluggish winter property trade, central bank data showed on Feb 10.

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.

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.

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."

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.