KUALA LUMPUR: Gopeng Bhd has posted a net loss of RM51.3 million for its third quarter (3Q) ended Sept 30, 2010 from a net profit of RM9.93 million a year ago, due to provision of impairment for its associate Perak-Hanjoong Simen Sdn Bhd.

It a filing to Bursa Malaysia on Wednesday, Nov 24, the group posted revenue of RM2.9 million, slipping from RM3.2 million a year ago.

KUALA LUMPUR: Equine Capital Bhd has posted a net profit of RM6.27 million for its second quarter (2Q) ended Sept 30, 2010, from a loss of RM2.08 million a year ago on higher revenue, it announced to Bursa Malaysia on Wednesday, Nov 24.

KUALA LUMPUR: Sunway City Bhd (SunCity) has posted a net profit of RM138.1 million for its third quarter ended Sept 30, 2010, almost double its net profit of RM71.6 million posted in the last quarter on the completion of asset disposal to its associate Sunway Real Estate Investment Trust (SunREIT).

KUALA LUMPUR: Sunway Sdn Bhd (Newco) has proposed to merge Sunway City Bhd (SunCity) and Sunway Holdings Bhd (Sunway) by acquiring all of their assets and businesses, the companies announced to Bursa Malaysia on Wednesday, Nov 24.

KUALA LUMPUR: Naim Holdings Bhd's net profit surged 72% to RM36.94 million for its third quarter ended Sept 30, 2010, from RM21.39 million a year ago despite a slight decline in revenue.

The group's revenue fell marginally to RM140 million from RM144.46 million a year ago, it announced to Bursa Malaysia on Wednesday, Nov 23.

KUALA LUMPUR: GuocoLand (Malaysia) Bhd will be offering more units of its Amberley 2 semi-detached homes at its Emerald Rawang development this weekend, Nov 27-28. This is the second launch of Amberley 2, following the first launch in October which saw a take-up of 80% within two weeks.

HONG KONG: Danny Lim is about to embark on his third shopping trip to the United States this year. He will be focusing on distressed real estate around the country, hitting various target cities where he expects prices to rebound.

HONG KONG: Hit by higher stamp duties levied on housing gains, some speculators may now decide to focus on short-term trades in the office and commercial markets — a response that could throw into doubt the government's strategy to cool property prices.

SHANGHAI: Stricter pre-sale requirement on real estate development has reduced new supply, while the latest rein-in policies have curbed market demand in Shanghai, as reported by the Shanghai Daily.

HONG KONG: Developer Wheelock and Co Ltd expects prices for Hong Kong residential property to fall as much as 10% in coming months, a senior executive said days after the government implemented its toughest market-cooling this year.