KUALA LUMPUR: CB Richard Ellis (CBRE) has been named as the top global real estate advisor and consultancy firm in the 2010 Euromoney Real Estate Awards that took place in Hong Kong, making it the fourth time CBRE won the prestigious title since Euromoney began the awards in 2005.

KUALA LUMPUR: Glomac Bhd posted an increased net profit, up 88% to RM15.55 million, in the first quarter ended July 31 versus RM8.34 million a year ago, in a filing with Bursa Malaysia on Tuesday, Sept 21.

The Group's revenue increased by 114% to RM126.31 million from RM58.98 million, while pre-tax profit rose 79% to RM29.5 million in the quarter from RM16.5 million a year ago.

PETALING JAYA: Two construction companies were charged separately in the Sessions Court here on Tuesday, Sept 21, in connection with the collapse of the Jaya Supermarket building at Section 14 here on May 28 last year, which claimed seven lives.

HONG KONG: A handful of buildings are lying empty in some of the city's most prime locations. They are vacant not because they're difficult to sell — far from it. The buildings' owners simply don't want to sell.

HONG KONG: The government is putting a historic site up for tender as a preservation project before it has been decided whether or not it should be declared a monument. As a result, experts and a member of the heritage advisory body said officials are setting a bad example and inviting controversy.

KUALA LUMPUR: Success Transformer Corporation Bhd plans to acquire a piece of industrial land, along with a factory, from Dekor Panel Emas Sdn Bhd for RM18.5 million.

The company announced to Bursa Malaysia on Monday, Sept 20 that the conditional letter of offer was submitted on the same day for the parcel of land measuring 6.05 acres or 24,490 sq mts in Bandar Rawang.

KUALA LUMPUR: The Malaysian government is mulling potential partnerships with major real estate developers to develop land parcels within Putrajaya in a bid to stimulate economic activity within the administrative capital.

One such possible joint venture is between IOI Properties and Putrajaya Holdings Sdn Bhd to develop land within the centre of Putrajaya.

KUALA LUMPUR: Petaling Tin Bhd reported a net loss of RM10.02 million for its third quarter (3Q) financial results ended July 31, 2010, compared with a net loss of RM982,000 a year ago.

It said on Monday, Sept 20, that for the group's cumulative results, it recorded a net loss of RM11.244 million, compared with a loss of RM2.241 million a year ago.

KUALA LUMPUR: Mah Sing Group Bhd’s One Legenda three-storey bungalows in Cheras have achieved a 55% take-up rate following its sales launch, said the company's chief operating officer Teh Heng Chong.

BEIJING: A high percentage, 72.2%, of mainland Chinese said that property prices are "too high to accept" despite government measures to cool the real estate sector, a survey from the central bank revealed.