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Gombak Grove achieves 45% take-up rate

KUALA LUMPUR: AQRS The Building Company Sdn Bhd's (AQRS) luxury Gombak Grove north of Taman Seri Gombak development has achieved a 45% take-up rate prior to its launch, said a company representative.

The project, which comprises 25 zero-lot bungalows on a 4.36-acre leasehold parcel, is in the midst of pre-sales, she told theedgeproperty.com on Tuesday, Feb 22.

22 February, 2011
BoJ scores small victory with Japan property boost

TOKYO: For the mere sum of US$55 million (RM167.75 million) Japan's central bank has lit a spark under the property market that if sustained could help the authorities in their prolonged battle with deflation.

22 February, 2011
CapitaLand 4Q net beats forecasts, one-off gains boost

SINGAPORE: CapitaLand, Southeast Asia's biggest real estate company, reported higher than expected quarterly net profit on Tuesday, Feb 22, although the number was 41% down from a year ago due to smaller one off gains.

The company's results come on the back of concerns that China and Singapore's recent measures to curb rising real estate prices may hurt its sales.

22 February, 2011
HK budget to target inflation, property boom

HONG KONG: Hong Kong's coming budget is expected to offer short-term handouts to residents to soften the sting of rapidly rising prices, and further moves to try to cool the booming property market.

The budget for the fiscal year beginning April 1, which Financial Secretary John Tsang will present to lawmakers on Wednesday, Feb 23, comes as Hong Kong enjoys strong growth.

22 February, 2011
More upside for property stocks on MRT excitement?

KUALA LUMPUR: With the recent unveiling of the proposed alignment for the Sungai Buloh-Kajang Mass Rapid Transit (MRT) line, a clearer picture has emerged of the early big winners from the expected gains from key property projects along the public transport infrastructure.

21 February, 2011
Towards better protection for REIT unitholders

REAL Estate Investment Trusts (REITs) have been becoming more popular in the global market. The global REIT market has experienced significant growth in the past 20 years, with an additional 20 countries adopting REIT legislation or equivalents.

21 February, 2011
Dijaya sees lower net profit of RM49.41m

KUALA LUMPUR: Dijaya Corp Bhd posted a net profit of RM36 million for its fourth quarter (4Q 2010) ended Dec 31, 2010, ending its financial year (FYE 2010) with a cumulative RM49.41 million.

Its net profit for FYE 2010 was lower than the RM59.46 million recorded in FYE 2009, said Dijaya on Monday, Feb 21 in a Bursa Malaysia announcement.

21 February, 2011