KUALA LUMPUR: Sunway Sdn Bhd (Newco) has proposed to merge Sunway City Bhd (SunCity) and Sunway Holdings Bhd (Sunway) by acquiring all of their assets and businesses, the companies announced to Bursa Malaysia on Wednesday, Nov 24.

KUALA LUMPUR: Naim Holdings Bhd's net profit surged 72% to RM36.94 million for its third quarter ended Sept 30, 2010, from RM21.39 million a year ago despite a slight decline in revenue.

The group's revenue fell marginally to RM140 million from RM144.46 million a year ago, it announced to Bursa Malaysia on Wednesday, Nov 23.

KUALA LUMPUR: GuocoLand (Malaysia) Bhd will be offering more units of its Amberley 2 semi-detached homes at its Emerald Rawang development this weekend, Nov 27-28. This is the second launch of Amberley 2, following the first launch in October which saw a take-up of 80% within two weeks.

HONG KONG: Danny Lim is about to embark on his third shopping trip to the United States this year. He will be focusing on distressed real estate around the country, hitting various target cities where he expects prices to rebound.

HONG KONG: Hit by higher stamp duties levied on housing gains, some speculators may now decide to focus on short-term trades in the office and commercial markets — a response that could throw into doubt the government's strategy to cool property prices.

SHANGHAI: Stricter pre-sale requirement on real estate development has reduced new supply, while the latest rein-in policies have curbed market demand in Shanghai, as reported by the Shanghai Daily.

HONG KONG: Developer Wheelock and Co Ltd expects prices for Hong Kong residential property to fall as much as 10% in coming months, a senior executive said days after the government implemented its toughest market-cooling this year.

KUALA LUMPUR: Bina Puri Holdings Bhd signed an agreement with Persatuan Chha Yong Fay Choong Kuan on an investment of a two acre development in Jalan Pasar which guarantees an investment return of RM40.6 million in 14 years, the Group said in a press statement on Wednesday, Nov 24, 2010.

KUALA LUMPUR: Sunway Holdings Bhd has posted a net profit of RM48.5 million for its third quarter ended Sept 30, 2010, slipping marginally from RM48.6 million in the previous quarter on the back of lower revenue, it announced to Bursa Malaysia on Wednesday, Nov 24.

KUALA LUMPUR: Following the onslaught of mergers and takeovers in the property development sector, market talk has it that next on the consolidation card is Sunway Holdings Bhd and Sunway City Bhd (SunCity) after the voluntary request from both groups for a suspension in trading on Tuesday, Nov 23.