PETALING JAYA: Fajarbaru Builder Group Bhd’s net profit rose 23.4% to RM6.553 million in its third quarter ended March 31, 2010 (3Q2010), from RM5.311 million in the same period last year.

Revenue for 3Q2010 jumped 26% to RM43.448 million from RM34.478 million recorded in the same quarter last year.

JOHOR BAHRU: Residents in eight squatter settlements along the banks of Sungai Tebrau will be offered affordable flat units with better amenities under the squatter resettlement programme.

According to the Media and Communications Unit (Medkom) of the Johor Menteri Besar's Office, the programme costing RM303 million was among the biggest in Johor currently.

KUALA LUMPUR: Malaysia will be holding its first carbon-neutral conference next week.

The conference on Sustainable Buildings South-East Asia (SB10SEA), which is taking place at the Kuala Lumpur Convention Centre from May 4 to 6, 2010, is the first carbon-neutral event to be held in the country and is organised under the auspices of the UN.

KUALA LUMPUR: Selangor Properties Bhd has lined up several property launches in Damansara Heights, Gombak and Selayang this year.

Among these is a high-end condominium on Jalan Batai in Damansara Heights, group financial controller Lee Boon Kian told the media after the company’s annual general meeting here on April 28.

PETALING JAYA: Setia International Ltd, a wholly owned subsidiary of S P Setia Bhd, has obtained the approval from Australia’s Foreign Investment Review Board for the purchase of land measuring approximately 1.07 acre in Melbourne’s Central Business District (CBD).

KUALA LUMPUR: The former Nestlé House, now known as Quattro West (pictured) in Petaling Jaya, has won the “Best Redevelopment Malaysia” category at the coveted Asia Pacific Commercial Property Awards 2010 held in Hong Kong recently.

KUALA LUMPUR: A total of 17 applicants have been pre-qualified as main contractors (MCs) and 15 applicants pre-qualified as nominated sub-contractors (NSCs) for the proposed Light Rail Transit (LRT) extension project of the Kelana Jaya and Ampang Lines, according to Syarikat Prasarana Negara Bhd (Prasarana) in a press statement on April 28.

HONG KONG: The late Nina Wang Kung Yu-sum's biggest property folly is back in business after spending eight years in mothballs amid market upheavals and a court battle over the eccentric billionaire's fortune, according to the South China Morning Post.The Chinachem Charitable Foundation had on Tuesday offered flats in the 129 Repulse Bay Road residential tower for lease, marking its first step

KUALA LUMPUR: Selangor Properties Bhd expects bigger contribution from the education division as it seeks to expand its presence locally and abroad by building campuses and also via the franchise arrangement.

LONDON: Property returns in the UK rose to 6.2% in 1Q2010, according to the latest Jones Lang LaSalle (JLL) UK Quarterly Property Index.

Returns were boosted by the 4.5% increase in capital values, which were driven by falling yields across all three major sectors, said JLL.