KUALA LUMPUR: SBC Corp Bhd posted net profit of RM6.81 million in the third quarter ended Dec 31, 2010 when compared with RM2.02 million a year following higher revenue from its construction projects.

It said on Thursday, Feb 17 revenue climbed 95% to RM54.80 million from RM28.03 million while earnings per share were 8.26 sen versus 2.45 sen a year ago.

KUALA LUMPUR: SunwayMas Sdn Bhd, Malaysia's leading boutique developer is offering attractive packages for Sunway Rydgeway, an elite residential development nestled amidst the cool and natural setting of the Melawati Hills on the outskirts of Kuala Lumpur.

KUALA LUMPUR: CapitaLand Ltd's wholly-owned serviced residence business unit The Ascott Ltd announced the opening of its new serviced residence Somerset Ampang Kuala Lumpur in a press release on Thursday, Feb 17.

The 207-unit Somerset Ampang Kuala Lumpur will further strengthen the brands presence in Malaysia.

KUALA LUMPUR: CapitaLand Ltd's wholly-owned serviced residence business unit The Ascott Ltd secured a new management contract in Cyberjaya to operate serviced residence Citadines D'Pulze Cyberjaya, it stated on Thursday, Feb 17.

HONG KONG: Hong Kong will offer four pieces of land for the development of private hospitals, with the first to go up for tender before the end of 2011, the city's health minister said.

BEIJING: Economists on Thursday, Feb 17 cautiously welcomed reforms of China's system for reporting property price data, saying the changes would improve on previous methods that severely underestimated inflation in the housing sector.

SINGAPORE: US casino operator Las Vegas Sands is seeking more land to expand its casino complex in Singapore due to strong demand for convention and exhibition space, founder and CEO Sheldon Adelson said on Thursday, Feb 17.

DUBLIN: A pledge by Ireland's main opposition parties to ban upward-only rent reviews on commercial leases has spooked overseas buyers and risks further inflating banks' losses, property investors said on Wednesday, Feb 16.

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) plans to develop a premium high-rise residential project with a gross development value (GDV) of RM300 million at Jalan Kia Peng.

The group had acquired the one-acre leasehold land parcel in the city centre on Jan 7, it said in a statement on Thursday, Feb 17.

KUALA LUMPUR: Tambun Indah Land Bhd acquired three property companies — Premcourt Development Sdn Bhd, Pridaman Sdn Bhd and Ikhtiar Bitara Sdn Bhd — in Penang for RM11.6 million, the group announced on Wednesday, Feb 16.