KUALA LUMPUR: For its fourth quarter for the year ending June 30, 2010 (4QFY2010), DNP Holdings Bhd reported a net profit of RM18.7 million, up by 1113% compared to a net loss of RM1.8 million in the same period a year ago mainly due to higher revenue from the property development and trading divisions.

HONG KONG: The Hong Kong government plans to lift the supply of property in the market to cool home prices, Hong Kong Financial Secretary John Tsang said on Friday, Aug 13.

KUALA LUMPUR: Goodwill Polygon Sdn Bhd, the property arm of CASB Group has sold about 70% of the business suites at its new office development QUBE in Shah Alam since the project launched on Aug 8.

NEW YORK: Builder confidence in the US mature-housing market retreated during this year's second quarter, according to data from the National Association of Home Builders' (NAHB) 55+ Housing Market Index (55+ HMI) — a quarterly survey of the association's builder members engaged in the production of mature-market housing.

KOTA KINABALU: This year's Sabah Housing and Real Estate Developers Association Property Expo (Shareda PropEX) will showcase about 6,520 units of property with a total value of RM2.3 billion.

This is an increase from 5,034 units of property with a combined worth of RM2.2 billion exhibited last year, Shareda president Datuk Susan Wong told a press conference here on Friday, Aug 13.

KUALA LUMPUR: Gadang Holdings Bhd is stepping up its construction ventures, having put in over RM2 billion in tenders for mostly government projects.

Gadang managing director and CEO Tan Sri Kok Onn said the company hoped to secure at least 20% in value of the projects it had tendered for.

Malaysia and Singapore roadshow
After releasing our construction sector piece on July 19, we went on a roadshow in Malaysia and Singapore where we met 55 fund managers (FMs) and buy-side analysts from 28 investment management firms in Malaysia and 13 FMs and analysts from nine firms across the causeway.

GEORGE TOWN: After more than a year of negotiations, a breakthrough appears to have been achieved in the deadlock of talks between the Penang state government and Boustead Holdings Bhd over a dispute involving the Royale Bintang Hotel project.

KUALA LUMPUR: Berjaya Land Bhd (BLand) has released details of a proposed acquisition in 2004 regarding the acquisition of 244.79 acres of leasehold land in Sg Besi and 750 acres freehold land in Sg Tinggi for RM640 million and RM605 million respectively.

PETALING JAYA: Qi Group, a Hong Kong-based global e-commerce company headed by entrepreneur Datuk Vijay Eswaran, is eyeing
strategically-located properties in Malaysia in the leisure, hospitality and health-related industries including setting up affordable specialist hospitals in what is seen as a homecoming for the self-made multi-millionaire.