SINGAPORE: CapitaLand, Southeast Asia's largest property developer, reported a three-fold increase in first-quarter net profit after restating the year-ago figure, helped by higher profits from development projects and portfolio gains.

NEW YORK: Single-family home prices in the United States fell for an eighth straight month in February, inching closer to an April 2009 trough, a closely watched survey said on Tuesday, Apr 26.

KUCHING: Sarawak will build another 500 kilometres of new roads in the state by the end of next year, state Infrastructure Development and Communication Minister, Datuk Seri Michael Manyin, said on April 26.

Under the National Key Result Area (NKRA) for a three-year period beginning last year, Manyin said Sarawak was allocated RM2 billion to build roads.

KUALA LUMPUR: Mah Sing Group Bhd has sold all 92 units of 3-storey shop offices at its Star Avenue@D’Sara project in Sungai Buloh with sales reaching RM242.5 million during the recent weekend launch on April 23-24.

Mah Sing’s Chief Operating Officer, Andy Chua said in a statement on April 26 that the launch attracted over 800 prospective buyers.

KUALA LUMPUR: The government will ensure that all affordable homes planned, will not be built in non-strategic locations such as remote areas, said Deputy Housing and Local Government Minister Datuk Lajim Ukin.   

SEOUL: Seoul's new city hall building, which is currently under construction, will be equipped with geothermal warming and cooling systems to reduce energy consumption, Yonhap news agency reported quoting city officials as saying on April 26.

KUALA LUMPUR: Atrium Real Estate Investment Trust (Atrium REIT) has posted a net profit of RM2.66 million for its first quarter (1Q) ended Mar 31, 2011, a slight increase from RM2.62 million a year ago on higher income.

KUALA LUMPUR: Analysts expect IJM Corp Bhd's performance for the first four months of the year to decline from the previous quarter due to provisions for its construction jobs in the Middle East and India.

KUALA LUMPUR: OCBC Bank (Malaysia) Bhd now offers mortgage loan facilities in ringgit terms for the purchase of residential properties in sections of Central London in the United Kingdom.

KUALA LUMPUR: Tower Real Estate Investment Trust (Tower REIT) has posted a net profit of RM8.5 million for its first quarter (1Q) ended Mar 31, 2011, up 19.45% from RM7.11 million a year ago on higher revenue.