KUALA LUMPUR: WCT Holdings Bhd said the investment certificate granted to its indirect 67%-owned subsidiary BSC-WCT Co Ltd to undertake the proposed RM1 billion Platinum Plaza development project in Ho Chi Minh City, Vietnam, has been revoked by the Ho Chi Minh City People’s Committee.

KUALA LUMPUR: IJM Land Bhd’s pre-tax profit for the third quarter ended Sept 30, 2013, rose to RM133.9 million, from RM87.2 million in the previous corresponding period.

Revenue increased to RM468.9 million from RM358 million.

JOHOR BARU: Damansara REIT Managers Sdn Bhd, a subsidiary of Johor Corp (JCorp), has disposed of Hotel Selesa Johor Baru and Menara Metropolis to Smartwheels Group, a Johor-based bumiputera company, for RM125 million.

KUALA LUMPUR: The integrated Pavilion Kuala Lumpur development will culminate with a RM330 million five-star hotel — the Royale Pavilion Hotel — that will begin construction next month and is expected to be completed in June 2016.

BANGKOK: Political unrest and an over-supplied US$20 billion (RM65.6 billion) real estate market in Thailand are the latest challenges threatening developers who are cancelling new launches in the hopes of staving off a bubble.

KUALA LUMPUR: UEM Sunrise Bhd managing director (MD) and chief executive officer (CEO) Datuk Wan Abdullah Wan Ibrahim, whose stewardship had led the property development company’s revenue to grow from RM511.65 million in 2008 to RM2.43 billion last year, passed away yesterday after a short illness.

KUALA LUMPUR: The Hershey Co’s RM816 million manufacturing plant in Johor is expected to generate up to 400 jobs for Malaysians in the next two years.

JOHOR BARU: Amid a challenging domestic environment, Tropicana Corp Bhd is courting more foreign investors to take up units in its luxury projects at Iskandar Malaysia, Johor.

KUALA LUMPUR: A design using an intelligent grid system to determine the future (and affordable) needs of a growing family has won the top prize in the PAM-Lafarge Architecture Student Competition 2013.The winning entry was submitted by Choong Wei Li of Limkokwing University of Creative Technology.

KUALA LUMPUR: The government’s proposed measure to impose a four unit limit on bulk sales of property to control the bulk buying of property investor clubs (PICs) may not be effective, say property consultants.