51.   Petaling Tin said it has ceased mining operations temporarily and the group will concentrate on manufacturing or property development.

52.   Property development displaces thousands from their homes.

53.   PK Resources is involved in property development, manufacturing chemical products, hotels, education and medical services.

54.   A RBH circular explaining the acquisition said its additional investment is complimentary and synergistic to its core business activity of construction and property development.

55.   ACP, which is also into property development, said the company will be very cautious in selecting future projects and will consider their long-term contribution to profits.

56.   Although the group has said property development will remain its corebusiness, KLIH is also proposing to boost its property and timberactivities.

57.   Apart from property development, Wembley is also involved in waste and water engineering, manufacturing industrial boilers and equipment for the oil and gas industry.

58.   As part of the restructuring exercise, it diversified into property development and banking.

59.   As a result there is an oversupply of property development, putting strong downward pressure on prices and thereafter the viability of this industry.

60.   At the same time, we will be looking out for some construction and turnkey projects in property development.