WASHINGTON: The US government’s role in housing finance should undergo “fundamental change,” but it should still provide some guarantees in the mortgage market, Treasury Secretary Timothy Geithner said on Tuesday.

HONG KONG: The pause in the property market lasted for just one weekend.

Cheung Kong (Holdings) Ltd, the city’s second-biggest developer, bought two sites at auction on Tuesday, in Ho Man Tin and Hung Hom, for HK$7.61 billion (RM3.09 billion) — at least 20% higher than the market forecast.

KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) posted a net profit growth of 28% in its third quarter ended June 30, 2010 (3QFY10) to RM243.5 million from RM17.86 million a year earlier on the back of higher crude palm oil (CPO) and rubber prices, and improved performance from the manufacturing and retailing sectors.

KUALA LUMPUR: Kumpulan Jetson Bhd’s subsidiary Jetson Construction Sdn Bhd has terminated its joint venture agreement with China State Construction Engineering (Hong Kong) Ltd which was entered into to build Platinum Park here.

Hunza Properties
FY10 company briefing updates

Boost From Manufacturing

KL Kepong (KLK)’s 9MFY10 results were within our estimates as there is some room for plantation profits to improve in the final quarter to match our segmental forecast.

LONDON: Prime commercial property in the United States and Asia-Pacific is more attractively priced on a five-year horizon than that in Europe and Britain, a new property index showed on Wednesday.

Kuala Lumpur Kepong - impressive turnaround for retail division

Parkson Holdings

KUALA LUMPUR: Encorp Bhd recorded a profit before tax (PBT) of RM1.28 million for its second quarter (2Q) this year, compared to RM770,000 in the previous quarter.