PETALING JAYA: Section 14 has been the subject of much talk following the collapse of part of the old Jaya Shopping Centre in the early evening of May 28. The building was in the process of being demolished when a 5-storey portion of the structure gave way, killing seven construction workers.

KUALA LUMPUR: International figures in economics and real estate and local panellists will meet here in October to discuss the opportunities that arise from the real estate and global economic slump, and solutions to the crisis.

Some property buyers seem to have no qualms about buying off the plan, armed only with information gleaned from glossy brochures dished out by sweet-talking sales personnel.

Faliq takes property in his stride Probably one of the youngest, if not the youngest managing director around, S M Faliq S M Nasimuddin is taking things in his stride.

If you drive along Jalan Dataran SD 2 in Bandar Sri Damansara, Kuala Lumpur, chances are you will notice a prominent high-rise structure among light industrial buildings and residential properties.

After a generally lacklustre year so far, the Klang Valley office occupancy and rental market will likely stabilise and improve in 4Q2009, says Knight Frank Malaysia executive director Sarkunan Subramaniam.“Despite the lacklustre office market performance anticipated earlier, we expect activities to increase in the later part of the year towards 4Q as businesses regain confidence,” says Sarkuna

KUALA LUMPUR: AmResearch is maintaining its Buy call on IGB Corp (IGB) at revised fair value of RM2.80 per share (previously RM2) based on 30% discount (previously 50%) to its net asset value (NAV) estimate of RM4.

KUALA LUMPUR: The world's housing markets are showing signs of recovery, with seven countries having emerged from the house price slump, according to Global Property Guide.After experiencing declines in 2008, house prices in China, Portugal, Australia, New Zealand, France, Sweden and Hong Kong rebounded during the latest reported quarter, 2Q 2009.In its survey of world-wide house price indices,

KUALA LUMPUR: Mudajaya Group Bhd posted a strong 2Q earnings of RM26.48 million, a surge of 95% from RM13.59 million a year ago, as earnings from its construction sector picked up.It said on Aug 26 revenue rose to RM182.73 million from RM101.24 million. Earnings per share were 7.11 sen versus 3.64 sen.For the first half, net profit was RM40.52 million compared with RM26.66 million.

KUALA LUMPUR: IOI Corp earnings for the fourth quarter ended June 30, 2009 (4Q09) fell 18.4% to RM487.07 million compared with RM597.28 milion a year ago after it was affected by an impairment loss of RM242.8 million recognised on a development property in Singapore.