KUALA LUMPUR: Maybank Investment Bank Bhd maintained its earnings estimates for Mah Sing Group Bhd // following changes in the planned sale of the property developer's commercial tower within Kuala Lumpur prime land.

KUALA LUMPUR: Selangor Properties Bhd's net group profit for the fourth quarter ended Oct 31, 2009 (FY09) rose 9% to RM35.85 million from RM32.9 million a year earlier on the back of better sales from its property development sector.

Revenue for the quarter jumped 142.7% to RM155.1 million, from RM63.9 million in 4Q2008.

KUALA LUMPUR: Datuk Redza Rafiq on Monday, Dec 28 was appointed CEO of the Northern Corridor Implementation Authority.

Prior to this Redza served for three years as managing director of Cyberview Sdn Bhd, the landowner and master developer of Cyberjaya.

KUALA LUMPUR: Crest Builder Sdn Bhd, a wholly owned subsidiary of Crest Builder Holdings Bhd, has been awarded a contract by Messrs Exceljade Sdn Bhd for the construction of super-structure works of two towers of 40 storey serviced apartments for a contract sum of RM175.5 million.

HONG KONG: A second plot of land in Hong Kong received an open bid of HK$3.6 billion (RM1.59 billion) on Monday, after the government sold another in its first major government land auction in about two years.

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its rating on Horizon Hills Development Sdn Bhd's Islamic Bank Guaranteed Medium-Term Notes (IMTN) Programme of up to RM200 million at AAA-ID(bg).

KUALA LUMPUR: The performance rating for 10 local authorities has been raised through regrading under the star-rating system for local authorities (SSR-PBT), after obtaining one more star or more.

The Kuala Terengganu City Council showed much improvement by obtaining four- star rating from two-star previously.

KUALA LUMPUR: LBS Bina Bhd expects to launch its last phase of Taman Royal Lily in Cameron Highlands in 1Q2010. Its last phase comprises 26 units of 2-storey link houses (pictured), 5-storey shop apartments and 11 bungalow lots.

The 30-acre Taman Royal Lily has a combined gross development value of RM26.1 million.

HONG KONG: Property sales may total HK$518 billion (US$67 billion) this year, approaching the level of 2007, thanks to a weaker dollar, a massive inflow of money from China and low interest rates, Bloomberg says Dec 26 quoting a Ming Pao Daily News report.