KUALA LUMPUR: Gamuda Bhd's net profit fell 38.3% to RM43.29 million in the fourth quarter ended July 31 compared with RM70.2 million a year ago due to sharply higher operating expenses.

Gamuda said on Sept 29 that revenue, however, rose 10.68% to RM942.24 million from RM851.3 million. Earnings per share were 2.16 sen compared with 3.50 sen.

KUALA LUMPUR: Medan Damai Sdn Bhd, a wholly-owned subsidiary of Mahajaya Bhd is selling off five bumiputra shop offices in Taman Damai Utama in Puchong, Selangor totalling RM5.54 million. This will be utilised as working capital for Medan Damai for the financial year ending June 30, 2010.

KUALA LUMPUR: Berjaya Land Bhd's first quarter net profit surged 76% to RM78.11 million for the period ended July 31, 2009 from RM44.36 million a year ago, boosted by the writeback of impairment in value of investments in associated companies and its Toto betting operations.

PETALING JAYA: Falling rents and increased vacancy have made the Dubai commercial market more competitive on a global scale, according to Jones Lang LaSalle MENA’s (Middle East and North Africa) 2Q2009 Dubai Office Market Snapshot.

HONG KONG: Nothing kills the sale of a home faster than death. Murder, suicide, terminal illness - it does not matter.

PETALING JAYA: The weakening ringgit has prompted prudent investors to search for viable options including buying properties overseas to preserve their wealth, said a real estate consultant.

PETALING JAYA: The health of the central London housing market continues to surprise observers as the market registered a 1.3% price rise in September, marking the sixth month in a row of positive price growth, said Knight Frank Prime Central London Index for September 2009.

KUALA LUMPUR: GuocoLand (Malaysia) Bhd (GLM) is taking steps to strengthen its foothold in the property industry. Its managing director Paul Poh tells theedgeproperty.com that they are in the midst of transforming GLM into a stronger property player with more drive and dynamism.

KUALA LUMPUR: The Master Builders Association Malaysia (MBAM) expects steel prices to increase to RM3,000 per tonne around year-end or the beginning of next year, said its chief operating officer Tony Lee.

KUALA LUMPUR: Berjaya Land Bhd's first quarter net profit surged 76% to RM78.11 million for the period ended July 31, 2009 from RM44.36 million a year ago, boosted by the writeback of impairment in value of investments in associated companies and its Toto betting operations.However, it cautioned that its hotels and resorts business may continue to be affected by the current global outbreak of I