KUALA LUMPUR: KLCC Property Holdings Bhd posted a net profit of RM706 million for its financial year ended March 31, 2011 (FYE2010), up from the net profit of RM647.6 million posted for FYE2009.

KUALA LUMPUR: Malton Bhd recorded a net profit of RM26.3 million for its third quarter ended March 31, 2011 (3Q2011), on the back of revenue of RM116.4 million.

The results marked a significant improvement over its net profit of RM3.6 million and revenue of RM64.9 million posted a year ago.

WASHINGTON: Nationwide US housing starts fell 10.6% in April to a seasonally adjusted annual rate of 523,000 units as concerns regarding competition from foreclosures, a lack of consumer confidence in the housing market and the inability to secure production credit caused builders to slow production, according to newly released figures from the US Commerce Department.

KUALA LUMPUR: Sime Darby Property is launching Turnberry Villas, a new high-end landed residential project located within the Kuala Lumpur Golf and Country Club (KLGCC), off Jalan Bukit Kiara in Kuala Lumpur this weekend. The project, with a gross development value (GDV) of RM550 million, offers 128 units that face the East Course’s 12th fairway.

KUALA LUMPUR: A new mixed commercial development comprising a hotel, serviced apartments and retail units is being planned for Ipoh’s Greentown Business Centre, along Jalan Sultan Abdul Jalil.Dubbed Emerald Deals, the project will be built on a 3.3-acre (1.34ha) plot of freehold land next to Ipoh Parade, said its developer Emerald Deals Sdn Bhd director Joseph Chin.

The government has raised petrol prices several times and the unpredictable global weather is not helping. It will mean poorer production of vital crops, and as a result, we can be sure that food prices will rise again this year. Merely fretting over rising costs is counter-productive, so why not think of ways to lower costs.

HONG KONG: The overall office demand in Asia remained positive in 1Q11, thanks to abundant liquidity, according to the Asia Pacific Office Market Overview recently released by Colliers International.

SINGAPORE: Malaysia's Sime Darby Property’s (SDP) unique Idea House was awarded the much-coveted Platinum Green Mark recognition at Singapore’s Building and Construction Authority (BCA) 2011 Awards here on May 19

BANTING: Green technology is being used to construct 11 buildings and five roads under the 10th Malaysia Plan, Works Minister Datuk Shaziman Abu Mansor said on May 19.

The projects are now in various stages of completion, he told reporters after opening a factory of the German company NAUE Asia Sdn Bhd in Teluk Panglima Garang near here.

BEIJING: The property arm of Hong Leong Group, GuocoLand China Limited's (GLC) plans to develop its first shopping mall in Beijing into one of Beijing's symbolic landmarks.

Guoson Mall has so far attained 50 per cent occupancy, says Managing Director Violet Lee.The occupancy is expected to touch 75 per cent by end of July, she told  a media interview here.