IPOH: The perimeter wall of Perak Darul Ridzuan building collapsed after a heavy downpour last night (Nov 12)  causing part of Jalan Istana to be closed to traffic. There were no casualties in the incident at about 9pm.

KUALA LUMPUR: Rahsia Estate Sdn Bhd, a subsidiary of Riverbank Suites Sdn Bhd, plans to launch its first niche mixed residential and commercial development project in Pulau Langkawi, Kedah in March next year.

HONG KONG: Chinese property developer Longfor Properties Co raised US$912 million (RM3.08 billion), pricing its Hong Kong initial public offering at the top end of an indicated range on Nov 12, according to two sources close to the deal.

KUALA LUMPUR: SPK-Sentosa Corp Bhd, a member in the FBM KLCI construction counter, registered a net loss of RM1.14 million in its third quarter ended Sept 30, 2009 (3QFY2010) from a net loss of RM2.53 million the previous year, on higher revenue contribution.

KUALA LUMPUR: Bolton Bhd’s net profit fell 39.26% to RM6.15 million in its second quarter ended Sept 30, 2009 (2QFY2010) compared with RM10.13 million the previous year, on lower revenue contribution.

KUALA LUMPUR: Lee Swee Kiat Group Bhd (LSK Group) has disposed of its freehold land in Klang for RM4.7 million.

KUALA LUMPUR: Envitech Sdn Bhd, a 60% subsidiary of Salcon Engineering Bhd, was awarded a contract worth RM35.79 million.

KUALA LUMPUR: The third Klang Valley Malaysian Property Exposition (MAPEX) 2009 will be offering more than 4,000 units of homes valued at over RM2 billion for sale.

LONDON: Only two new shopping centres of more than 40,000 sq m are due to open in 2010, making it likely the lowest amount of new shopping centre space opening in the UK in almost 15 years, according to Cushman & Wakefield’s new Shopping Centre Development Report.

SAN FRANCISCO: US foreclosure filings surpassed 300,000 for an eighth straight month as unemployment made it tougher for homeowners to pay their bills, RealtyTrac Inc said.