Tanjung Tokong, Tanjung Bungah, Batu Ferringhi, Pulau Tikus and Teluk Kumbar — these will remain Penang’s hot property spots this year, says Raine & Horne International Zaki + Partners director Michael Geh when presenting The Edge/Raine & Horne International Zaki + Partners Penang Housing Property Monitor for 4Q2009.

KUALA LUMPUR: Main board-listed property company, Y&G Corp Bhd returned to profitability in its financial year ending Dec 31, 2009, recording profits after tax of RM735,000 from a loss of RM3.27 million in its previous financial year.

KUALA LUMPUR: Main board-listed property counter Naim Holdings Bhd on Feb 12 said its wholly-owned subsidiary, Naim Overseas Sdn Bhd (NOSB) acquired 999,999 ordinary shares of F$1 (RM1.75) each representing 99.9999% of the issued share capital of Naim Quarry (Fiji) Ltd formerly known as Naim Cendera Quarry Ltd, a company incorporated under the Companies Act of Fiji for a cash consideration of F

KUALA LUMPUR: Ace-Market-listed Flonic Hi-Tec Bhd said it (via Kenanga Investment Bank Bhd.) had completed and submitted the final valuation report to Bursa Malaysia concerning its proposed industrial land, 2-storey office building and single-storey factory sale to Sun-Ecoland.

LONDON: Properties in London's West End theatre and retail district continue to attract healthy tenant demand, London landlord Shaftesbury plc said on Feb 12, sending rents above its expectations.

LONDON: British Housing Minister John Healey came under fire on Feb 11 for saying it was the “best thing” for some hard-pressed families to have their homes seized by banks.

"In some cases, it is the best thing for the people who are struggling with those mortgages," Healey told BBC radio.

KUALA LUMPUR: Sunway Holdings Bhd has secured a RM21.48 million contract from Sunway City Bhd (SunCity) to build 100 2-storey cluster homes and one Tenaga Nasional Bhd sub-station.

Sunway said on Feb 12 the completion date is Aug 1, 2011 with the construction period at 18 months.

WASHINGTON: Commercial real estate loans have the potential to go sour and wreck the US economy unless regulators prepare now, according to a report on Feb 11 from a watchdog Congress created for the government’s financial bailout programme.

Although it was not spared the global credit crunch, the Malaysian property market has been resilient and we see further growth. The “stem” of the year 2010 is “geng” (yang metal ?) while the root is “yin” (yang wood ?). When the stem and root are put together, the sound consonance is wood.

SINGAPORE: CapitaLand, Southeast Asia's biggest developer, said it has the war chest to buy more assets after posting an 11-fold rise in fourth quarter net profit, helped by a massive one-time gain.