Sixteen years ago, when Tambun Indah managing director Teh Kiak Seng was toying with the idea of building a gated and guarded residential development in Bukit Tambun, Seberang Perai on the Penang mainland, his friends laughed a

Despite being the second-smallest state in Malaysia after Perlis, Penang boasts the highest population density in the country.

Given the large amount of money you put into the purchase of a property these days, it certainly pays to protect your legal interests.

KUALA LUMPUR: For its second quarter for the financial year ending Dec 31, 2010 (2QFYE10), Al-Hadharah Boustead REIT's net profit decreased 3.8% to RM15.9 million, compared with RM16.5 million in the same period a year ago due to unrealised loss on valuation of quoted securities.

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.