NZ house building consents fall in October
WELLINGTON: The number of new dwelling consents approved in New Zealand fell in October as housing activity was sluggish, backing views the central bank will hold rates unchanged well into next year.
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Dr M raises concerns on property boom in KL
KUALA LUMPUR: Fourth Malaysian prime minister Tun Dr Mahathir Mohamad has raised concerns about the current property development boom in here.
In a posting on his blog on Tuesday, Nov 30, he asked if the current property boom could last despite a growth in the population of the city and its outlying Greater Kuala Lumpur area.
Moody's: Outlook for Chinese property sector stable
KUALA LUMPUR: Moody's Investors Service has a stable outlook for the China property sector; although a moderate downward correction is expected in prices during 2011.
Mah Sing Group (Kenanga Research) buy; target price RM2.48
Mah Sing Group
9M10 meets estimates
Bina Puri to build Ampang Line extension for RM702.34m
KUALA LUMPUR: Bina Puri Holdings Bhd (BPHB) has been awarded the contract from Syarikat Prasarana Negara Bhd to construct and complete the Ampang Line extension project of the light rail transit (LRT) for a contact value of RM634 million. The construction period is to take 27 months.
Ekovest buys 10 bungalow lots in JB for RM15.4m
KUALA LUMPUR: Ekovest Bhd — via its whole owned subsidiary Milan Prestasi Sdn Bhd — acquired 10 bungalow lots in Johor Bahru from Danga Bay Sdn Bhd for RM15.4 million, the group announced on Monday, Nov 29.
The reason for the acquisition is for the purpose of investment in a strategic location with potential for capital growth or development purposes, said the group.
Damansara Realty sees 3Q net profit of RM2.63m
KUALA LUMPUR: Damansara Realty Bhd recorded a net profit of RM2.63 million from a net loss of RM2.72 million a year ago in its thuird quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Monday, Nov 29.
Revenue earned during the same period rose 194% to RM25.18 million from RM8.571 million a year ago.
MUI Prop sees 3Q net loss of RM1.19m
KUALA LUMPUR: MUI Properties Bhd recorded a net loss of RM1.19 million compared to a net loss of RM1.21 million a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Monday, Nov 29.
Revenue earned, however, increased by 63% to RM5.98 million from RM3.68 million a year ago.
UEM Land sees 108% increase 3Q net profit to RM15.7m
KUALA LUMPUR: UEM Land recorded a 108% increase in net profit to RM15.688 million from RM7.54 million a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Monday, Nov 29.
Revenue earned during the same period dropped by 10% to RM65.68 million from RM72.79 million a year ago.
