SHANGHAI: Major Chinese property developers owe 3.8 trillion yuan (US$623 billion or RM2 trillion) in taxes, the state broadcaster said, raising a storm of controversy amid huge sensitivity over high housing prices.

KUALA LUMPUR: The consortium comprising S P Setia Bhd, Sime Darby Property Bhd and the Employees Provident Fund (EPF) involved in the redevelopment of the Battersea Power Station in London may consider extending the project from its proposed eight years to 12 to increase shareholder value.

LONDON: Luxury home developers plan to build more than 20,000 properties in London over the next decade, ramping up the pace of construction even as price gains slow, consulting firm EC Harris LLP said.

ALISTAIR ELLIOTT has come a long way since he joined the graduate scheme of global property consultant Knight Frank in 1983. Elliott, 50, took over the helm as new senior partner and group chairman in April from Nick Thomlinson, who has retired.

KUALA LUMPUR: PJ Development Holdings Bhd does not have any plans to merge with OSK Property Bhd at this juncture. Both have a common substantial shareholder Tan Sri Ong Leong Huat, but this does not discount a consolidation  in the future.

KUALA LUMPUR: YTL Corp Bhd’s net profit for the first quarter (1Q) ended Sept 30 rose 9% year-on-year (y-o-y) to RM427.6 million. Revenue grew 2.7% to RM5.21 billion from RM5.07 billion in the previous corresponding period.

YTL Corp has declared an interim dividend of 15%, or 1.5 sen per share, to be paid on Jan 17.

PETALING JAYA: The first post-budget Malaysian Property Expo (Mapex), organised by the Real Estate and Housing Developers’ Association of Malaysia (Rehda) in Johor from Nov 8 to 10 registered a lower turnout.