KUALA LUMPUR: AMDB Bhd’s first quarter result for financial year ending March 31, 2011 (1QFYE11) saw a decline in net profit by 23% to RM3.09 million from RM4.02 million in the corresponding quarter last year due higher finance costs and taxation from the property division.

KUALA LUMPUR: RHB Investment Bank Bhd, the stabilising manager for Sunway REIT has ceased its stabilising action for Sunway REIT as of August 6, 2010.

The company said on Monday, Aug 6, that during the period between July 8, 2010 until August 6, 2010 a total of 41,809,000 Sunway REIT units have undertaken stabilising action, purchased at a price range of RM0.875 to RM0.90.

KUALA LUMPUR: The Malaysian property market is too small and too cheap to attract foreign investors, said N K Tong, the branch chairman of Real Estate and Housing Developers’ Association of Malaysia (REHDA) Wilayah Persekutuan (KL) branch.

KUALA LUMPUR: Housing property prices are expected to rise further in the next six months by 10% to 20%, according to a survey conducted by The Real Estate and Housing Developers’ Association of Malaysia (REHDA).

Of the 133 respondents from all 12 states in Penisular Malaysia, 41% expect prices to increase by up to 10%, while 40% expect a hike of between 10% to 20%.

BEIJING: Landslides triggered by heavy downpours, which hit Zhouqu county in northwest China's Gansu Province yesterday, have claimed at least 127 lives, leaving 76 injured and 1,294 missing.

About 45,000 people have been evacuated to higher ground as floodwaters carrying mud and rocks submerged half of the Chengguan township in the county.

SHANGHAI: Property prices in the China’s major cities will fall later this year because of the government’s tightening campaign and a coming surge in housing supply, the country’s top listed developer said in comments published on Monday, Aug 9.

HANOI: The villa and townhouse market in Hanoi has stagnated over the last two months, Vietnam's news agency (VNA) reported quoting industry insiders as saying last week.

KL Sentral, Malaysian Resources Corp Bhd’s (MRCB) integrated development valued at RM12 billion, needs no introduction. It is familiar ground to the 130,000 to 150,000 people who commute daily by light rail transit (LRT), KTM Komuter, KL Monorail and Express Rail Link (ERL), which are all connected to the RM1.1 billion transit hub Stesen Sentral.

At about three years of age, property developer Capital Trend Asia Sdn Bhd (CTA) may be the new kid on the block, but the partnership between managing director John K H Lim and CEO Tan Gek Choon goes back 23 years. Lim, who was involved in general trading, set up the company in 2007 and later pursuaded his wife Tan, an accountant, to join him.

Dijaya Corp Bhd, known for its Tropicana Golf and Country Resort development in Petaling Jaya, plans to direct its focus on its newly acquired tracts in Johor Baru next. Its managing director Datuk Tong Kien Onn tells City & Country the new development may possibly be called Tropicana City @ Danga Bay and is expected to have a gross development value (GDV) of RM3.8 billion.