KUALA LUMPUR: TA Enterprise Bhd on Dec 8 posted a 54% year-on-year (y-o-y) drop in pre-tax profit to RM23.3 million for its third quarter ended Sept 31, 2009 (3Q2009), compared with RM51.2 million in the previous year’s corresponding period.

HONG KONG: Asia's property fund size will expand by more than 50% in the next two to three years to US$200 billion (RM678.6 billion), driven by demand from institutional investors from countries including China, industry executives said on Dec 8.

PETALING JAYA: The soil at the location of the Bukit Antarabangsa landslide, which occurred in December  2008, had shown signs of instability as early as January 2008.

SHAH ALAM: Parkson Corp Sdn Bhd will be taking up 120,000 sq ft of space at Setia City Mall in Setia Alam, Shah Alam.

Parkson is the sole department store and one of the key anchor retailers of the 700,000 sq ft retail development by S P Setia Bhd and Lend Lease Asian Retail Investment Fund 2 (ARIF).

SHAH ALAM: The Selangor State Development Corp (PKNS) is confident it can rake in RM55 million in sales from its latest medium/high-end project Ayuqaseh in Alam Nusantara, Setia Alam in Shah Alam.

MANAMA: Asian asset prices have risen sharply, which calls for vigilance, a senior official at the city state's monetary authority said on Dec 7.

LONDON: British commercial property values in November made the biggest monthly gain since records began nine years ago, rising 2.7% and marking the fifth consecutive monthly increase, the latest CB Richard Ellis Monthly Index found.

Values have been rising steadily since July when they were down 44% from the last peak reached in mid-2007.

GEORGE TOWN: One of the two projects in the heritage core zone affected by George Town's Unesco world heritage listing has received the nod to proceed after amendments were made to its original plans.

KUALA LUMPUR: Naim Holdings Bhd has entered into a memorandum of understanding (MoU) with China’s Institute of Digital Guandong (IDG), Guangdong RFID Technology Service Centre (GDRC) and Smartag Solutions Bhd towards developing a digital city in Permyjaya, Miri, Sarawak.

KUALA LUMPUR:The Kedah state government’s deferred implementation of the higher 50% Bumiputera quota for new housing projects has failed to bring immediate cheer to those opposing it.