HONG KONG: Asia-Pacific commercial property markets offer higher returns to investors than cities in Europe, though generally lower than those in the United States, property consultant DTZ said.

HONG KONG: For Hong Kong property developer Tony Yau Tang-tit, being the brother of a senior government official can have its drawbacks.

HONG KONG: Property transactions have dropped despite the better-than-expected sale of two residential sites at a government auction last Tuesday, Aug 17.

Only 40 flats in the primary market were sold at the weekend — a decline of 7% from the previous week — as sentiment was affected by the latest government measures to cool the market, analysts said.

HONG KONG: Residential rents are expected to rise because of the government's measures to cool the housing market.

KUALA LUMPUR: Eastern & Oriental Bhd (E & O) posted revenue and pre-tax profit of RM46.31 million and RM17.56 million respectively for its first quarter (1Q) ended June 30, 2010.

In the same period last year, E & O posted revenue and pre-tax profit of RM73.915 million and RM9.498 million respectively.

KUALA LUMPUR: DutaLand Bhd posted a pre-tax profit of RM15.8 million for its financial year ended June 30, 2010 (FYE 2010), on the back of revenue of RM109.1 million.

Comparatively, the group posted revenue and pre-tax profit of RM100.5 million and RM77.9 million respectively in FYE 2009.

KUALA LUMPUR: Tanco Holdings Bhd posted a pre-tax loss of RM4.58 million for its second quarter (2Q) ended June 30, 2010, compared with the loss of RM2.41 million posted in the same period last year.

The company said on Tuesday, Aug 24 that the loss was due to a waiver arising from a settlement with a contractor in the previous corresponding period.

KUALA LUMPUR: Asian Pac Holdings Bhd posted a revenue and pre-tax loss of RM7.25 million and RM1.06 million respectively for its first quarter (1Q) ended June 30, 2010, the group announced on Tuesday, Aug 24.

For the same period a year ago, it posted a pre-tax profit of RM9million, while revenue then stood at RM38.3 million.

KUALA LUMPUR: Seloga Holdings Bhd posted a pre-tax profit of RM6.4 million for its second quarter (2Q) ended June 30, 2010, on the back of revenue of  RM15.6 million.

Pre-tax profit rose 56% from RM4.12 million pre-tax profit posted in the same period a year ago, while revenue increased 69% from RM9.2 million posted for the same period a year ago, the company said on Tuesday, Aug 24.

KUALA LUMPUR: IGB Corporation Bhd posted pre-tax profit of RM63.3 million for its second quarter (2Q) ended June 30, 2010, up 8.4% compared with RM58.4 million posted for the same period a year ago, mainly driven by higher contributions from the property investment and hotel divisions.