KUALA LUMPUR: As multi-billion ringgit investments in Johor's Iskandar Malaysia take shape, property players and investors are increasingly positive that the Johor property market is poised for a golden era after a sluggish decade.

KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) posted a pre-tax profit of RM43.7 million and a revenue of RM82.3 million for the third quarter ended March 31, 2011.

In a filing with Bursa Malaysia on Tuesday, May 3, the company said it registered a gross revenue of RM240.1 million and a net property income of RM179 million for year-to-date ended March 31, 2011.

KUALA LUMPUR: The consensus view among economists on the overnight policy rate (OPR) is that it will stay put on Thursday, May 5 when the Monetary Policy Committee under Bank Negara Malaysia (BNM) meets, although it is expected to be restored gradually to the pre-crisis level within this year.

MAGNA Prima Bhd (RM0.775) is a niche property developer focused primarily on developing pocket-sized parcels of land. It targets at the mid to high-end segment. All of its commercial and residential projects are located in the Klang Valley.

Paramount Corp Bhd (May 3, RM5.66)

KUALA LUMPUR: Setia City Mall will see Urbanfresh — Malaysia's newest major retailer — opening its first outlet in Malaysia there, offering a new shopping experience for the residents of Setia Alam and Shah Alam to discover.

SHAH ALAM: Mainstay Development Sdn Bhd, the developer of the RM220 million space u8 mall in Bukit Jelutong township, welcomed five of its major tenants during its tenancy signing ceremony on Tuesday, May 3.

KUALA LUMPUR: I&P Group Sdn Bhd's Bayuemas Township in Klang saw a 100% take-up rate for 25 units of its Legasi1 double-storey semi-detached homes, while its 100 units of double-storey Dzaman terraced homes saw a 70% take-up rate.

SHAH ALAM: SpaceU8 Property Management Sdn Bhd expects its new urban retail stores mall project, space u8, to generate between 6% and 7% return.

Its chief executive officer Raja Ahmad Nizam Raja Razali said the company would bring in more multi-brand retail outlets including from overseas from time to time to enhance the property value.

Axis REIT (Apr 29, RM2.37)