KUALA LUMPUR: Keladi Maju Bhd reported a net profit of RM5.2 million in its fourth quarter (4Q) for the financial year ended Jan 31, 2011 — an increase of 131% compared to RM2.2 million in the same quarter a year ago due to better management of the development cost.

KUALA LUMPUR: Gasing Meridian Sdn Bhd (GMSB), the developer of the Sanctuary Ridge Kuala Lumpur City project, comprising 70 bungalows on a 15.5-hectare site in Bukit Gasing, wants Bukit Gasing residents, who lost their legal action against GMSB, to pay damages.

KUALA LUMPUR: Property developer Mah Sing Group Bhd will launch its new precinct, Palmiera@Kinrara Residence, in Bandar Kinrara, Puchong by the next quarter, its chief operating officer James Bruyns said.

SINGAPORE: Wendy Cheng, 32, has been trying to buy a home for over two years but without success.

Cheng and her American teacher husband cannot afford property on the open market where a government-built apartment can fetch as much as S$700,000 (RM1.68 million), and they have been unsuccessful in balloting for flats available from the state at a cheaper price.

KUALA LUMPUR: YTL Land & Development Bhd's new condominium development, The Capers at Sentul East, is expected to see some 7,000 interested buyers for its 466 units during the launch this weekend, Mar 26 and 27.

Solid quarter, bright spots ahead

• 1HFY11 net profit was within our expectation but beat street estimates; expect stronger 2H

? No issue. 1HFY07/11 net profit came in at 47% of our full-year forecast and the full-year market consensus. However, we consider the results within expectations as we expect a stronger 2H on the back of continued improvement in construction margins as well as stronger property profits.

KUALA LUMPUR: YTL Land & Development Bhd’s new condominium development, The Capers at Sentul East, is expected to see some 7,000 interested buyers for its 466 units during the launch this weekend March 26 and 27. “We expect the response for sales to be equally overwhelming,” said Datuk Yeoh Seok Kian, YTL Land executive director and deputy managing director of YTL Corp Bhd.

KUALA LUMPUR: Land & General Bhd (L&G) has soft-launched its luxury serviced apartment project, The Elements@Ampang, along Jalan Ampang in Kuala Lumpur.The 2.6-acre development with a gross development value of RM800 million is a joint venture between L&G and Mayland Group.The freehold development comprises two towers, each housing 520 units with

The very idea that we could be cooking ourselves in our own homes seems absurd. Yet this is exactly what we have been doing, since many of our homes are designed like ovens.Have you noticed that our roofs in landed homes, which are typically ‘pitched’ (as they are more commonly known), are sealed off with mortar on the top ridges (to prevent water from coming in)? So are the eaves.