KUALA LUMPUR: Gamuda Bhd posted revenue and net profit of RM2.455 billion and RM289.49 million respectively for its 2010 financial year (FY2010) ended July 31, 2010.

Comparatively, the company posted revenue and net profit of RM2.727 billion and RM193.69 million respectively a year ago.

KUALA LUMPUR: Dubai’s overall residential property market saw a 1.98% price drop in August compared with the previous month, according to real estate information company Reidin.com’s August All Residential Sales Price Index for Dubai (SPID-All Residential).

Villa prices, however, showed signs of stabilising as it dipped only 0.14% compared with a drop of 1.19% in July. 

LONDON: British mortgage provider Paragon will resume lending to buy-to-let landlords after securing fresh funds, and said many people were opting to rent rather than risk buying property in an uncertain market.

"Demand for rental property has never been as strong," Paragon Chief Executive Nigel Terrington told Reuters.

BEIJING: Chinese regulators are making spot checks on whether banks are strictly complying with government curbs on mortgages for non-owner-occupied homes, state media reported on Tuesday, Sept 28.

Malaysian Resources Corporation (MRCB)
Graceful Ascent

Sunway City
Another Landbanking Effort

Acquiring land in Penang

HONG KONG: Henderson Land said it has sold a flat at its controversial 39 Conduit Road development in Mid-Levels West for HK$60,000 (RM23,904.11) per square foot.

That would make it the most expensive apartment in Hong Kong in terms of price per sq ft.

GUANGZHOU: Nine months ago, three of Guangdong's largest developers joined forces and stunned the real estate market by buying a huge site in Guangzhou at a government auction for a record 25.5 billion yuan (RM11.77 billion).

That was the most ever paid for a development site in the mainland's land sale history.

KUALA LUMPUR: Kimlun Corporation Bhd has secured a contract from of SP Setia Bhd to build two blocks of 25-storey apartments in Bandar Nusajaya, Johor.

Kimlun said on Monday, Sept 27 its unit Kimlun Sdn Bhd had on Sept 24 received the letter of award from Bukit Indah (Johor) Sdn Bhd, a unit of SP Setia.