Kuala Lumpur: While the Auditor-General (AG) commended the Employees Provident Fund (EPF) for the wise management of its foreign property investments in 2013, the AG has also requested assistance from the Public Accounts Committee (PAC) to check on the fund’s escalating overseas real estate investments.

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak and Singapore Premier Lee Hsien Loong have reiterated that the proposed high-speed rail link between the republic and Kuala Lumpur will be completed as scheduled by 2020.

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has complied with almost everything requested by AirAsia Bhd for it to operate from the new low-cost carrier terminal, klia2.

Building materials  

KUALA LUMPUR: IJM Corp Bhd, WCT Holdings Bhd and Gadang Holdings Bhd are likely beneficiaries of the US$27 billion (RM88.56 billion) Pengerang Integrated Complex (PIC) development in Johor. Project owner Petroliam Nasional Bhd (Petronas) received the stamp of approval to proceed last Thursday.

KUALA LUMPUR: SBC Corp Bhd, a contractor-turned developer with property projects in Peninsular Malaysia and Sabah and Sarawak, has picked up interest over the past one month as investors took note of its deep asset value. The company has seen its share price jump some 40.6% since the beginning of March.

LONDON: The UK capital’s status as a magnet for wealthy foreign homebuyers is helping to drive prices in many areas beyond the reach of most Londoners. That’s putting pressure on politicians and developers to convince locals that they haven’t been forgotten in the rush to court overseas investors.

BEIJING: Price rises for new homes in China slowed in March for the third straight month, an independent survey showed, as authorities say they are looking to curb high housing costs.

TO understand why many of China’s small property developers are struggling, look no further than Zhejiang Xingrun Real Estate.

The once little-known regional developer is now on the brink of becoming one of China’s biggest real estate bankruptcies in recent memory.

KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT), whose focus is retail-based real estate and holds properties such as Sungei Wang Plaza in Kuala Lumpur and Gurney Plaza in Penang, sees minimal impact from the hike in utilities and assessment rates.