KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) posted net profit of RM10.02 million in its third quarter ended Sept 30, 2009, versus a net loss of RM26.81 million a year ago due to better profit margins after completing projects and recognition of profit from its on-going work progress.

KUALA LUMPUR: Glomac Bhd is disposing of a 25-storey office block at Glomac Damansara to Lembaga Tabung Haji for RM170.73 million.

Glomac said on Nov 17 it had signed a sale and purchase agreement with the pilgrims fund to dispose of the building, known as Tower D with 444 car park bays.

KUALA LUMPUR: Amanah Harta Tanah PNB (AHP) recorded a higher net profit of RM1.910 million in its third quarter ended Sept 30, 2009, up 18.34% from RM1.614 million in the preceding quarter last year.

Revenue for the period increased by 7.35% to RM3.680 million from the RM3.428 million achieved in the corresponding quarter in 2008.

SINGAPORE: CapitaLand Ltd raised S$2.47 billion (RM6 billion) on Nov 17 selling shares in its CapitaMalls Asia Ltd unit in Singapore’s biggest IPO since at least 1993.

GEORGE TOWN: Oriental Interest Bhd (OIB) plans to embark on eight to nine housing projects in Selangor, Negeri Sembilan and Kedah in 2010, which would have a total gross development value exceeding RM60 million.

KUALA LUMPUR: AQRS The Building Company Sdn Bhd (AQRS) plans to launch courtyard homes with an estimated gross development value of RM120 million in Melawati Heights in Kuala Lumpur by the year-end.

The Contours, comprising 40 units, is AQRS’s biggest project yet in terms of GDV.

GEORGE TOWN: Oriental Interest Bhd (OIB) plans to embark on eight to nine housing projects in Selangor, Negri Sembilan and Kedah in 2010, which would have a total gross development value exceeding RM60 million.

KUALA LUMPUR: Group managing director of Malaysian Resources Corp Bhd (MRCB), Shahril Ridza Ridzuan was honored as the Property CEO of the Year in the Fiabci Malaysia Property Award 2009 on Nov 16.

PETALING JAYA: Star Publications (M) Bhd will redevelop its former headquarters site in Section 13 here to house both an expanded campus of Universiti Tunku Abdul Rahman (Utar) and the publishing group's three radio stations.

CHICAGO: Barry Sternlicht’s Starwood Property Trust Inc, the commercial real estate mortgage investor and lender, completed US$144 million (RM484.7 million) in investments in its first 60 days.