HONG KONG: Strong growth is expected in Hong Kong office rental market over the next 12 to 18 months and rents will increase as office space availability decreases amid fast absorption of prime office space, according to Knight Frank's latest Hong Kong Prime Office report.

Bina Puri Holdings
2Q10 results within expectations

BEIJING: Chinese property developers are facing strained cash flows and will be forced to cut prices beginning in the fourth quarter, a state newspaper reported on Tuesday, Aug 24, citing several bankers.

KUALA LUMPUR: Plenitude Bhd recorded its highest ever revenue and profit levels for its financial year ended June 30, 2010 (FYE 2010), posting a net profit of RM84.19 million for the year, up 5.5% from RM79.78 million in FYE 2009.

KUALA LUMPUR: Asia Pacific Land Bhd (AP Land) posted a pre-tax profit of RM7.7 million for its second quarter (2Q) ended June 30, 2010 on the back of a revenue of RM 46.6 million.

For the preceding quarter, AP Land recorded a loss of RM3.3 million on the back of a revenue of RM 15.6 million, the company said in a filing to Bursa on Monday, Aug 23.

KUALA LUMPUR: Bina Puri Holdings Bhd posted net profit of RM3.14 million for the second quarter ended June 30, up 100% from RM1.56 million a year ago, underpinned by its construction division.

It said on Monday, Aug 23 that revenue rose 43.6% to RM267.71 million from RM186.31 million.  Profit before tax was RM4.37 million compared with RM2.46 million.

SHAH ALAM: Legal firms are urged to check with the land office in their respective states whether the titles of their client's properties were ready for collection, said Pemudah Focus Group On Registering Property Chairman, Datuk Dr Ir Andy Seo Kian Haw.

KUALA LUMPUR: Zecon Bhd posted a pre-tax profit of RM 839,000 for its second quarter (2Q) ended June 30, 2010 on the back of a revenue of RM45.4 million, the company said in a filing to Bursa on Monday, Aug 23.

For the preceding quarter, the group recorded a pre-tax profit of RM220,000 on the back of a revenue of RM31.1 million .

KUALA LUMPUR: BCB Bhd posted a pre-tax profit of RM1.04 million in its second quarter (2Q) ended June 30, 2010, 39.8% lower compared with RM1.73 million posted for the corresponding period last year, mainly due to the impairment of about RM470,000 made on certain inventories of a subsidiary in Kluang.

Event: The Infrastructure Investment World Asia 2010 brings together infrastructure developers, governments, investors, financiers and supporting industries to assess investment, project development and capital raising opportunities across Asia’s infrastructure landscape.

Date: Aug 31 - Sept 3, 2010

Venue: Shangri-La Kowloon, Hong Kong