Malaysia Equity Research - 12 Mar 2010

Brightening up

HONG KONG: The international real estate services company Colliers International has secured the second spot on the annual Lipsey Survey which ranks the top 25 brands in the commercial real estate industry.

KUALA LUMPUR: The Federal Territory Land and Minerals Director's Office (PPTGWP) saw an increase in quit rent collection for the first two months this year, following three initiatives to facilitate payment.

KUALA LUMPUR: Tadmansori Hotel Resort Sdn Bhd, which operates the Nadias Inn Comfort Langkawi Hotel, expects its revenue to breach RM2 million this year.

Group Financial Controller of the parent company, Tadmansori Holding Sdn Bhd, Mohammad Hasbi Jaafar said the company had been experiencing steady revenue growth over the past three years.

Lai Thieu project safely in the bag

Malaysia property

Food for thought: Penang property

LAHAD DATU: Lahad Datu, which is among the rapidly developing districts in Sabah, should be upgraded to a municipal council, from a district council currently, Assistant Minister to the Chief Minister, Datuk Datu Nasrun Datu Mansur, said Friday March 12.

SYDNEY: Australian property firms and pension funds, armed with a multi-billion dollar war chest, are poised to go on a shopping spree, eyeing distressed real estate targets from the United States to across Asia.

Money is plentiful and credit is cheap and there is no shortage of potential targets following the seizure in U.S. real estate markets in recent years.

PETALING JAYA: Sime Darby Property Bhd is expecting good sales for iits high-end development named "Seri Pilmoor" in Ara Damansara.

The project with a gross development value of RM469 million comprises 74 bungalow retreats from 6,500 sq ft and 34 semi-detached homes from 4,600 sq ft ensconced within 28.5 acres of landscaped elevated freehold land.