HONG KONG: Hong Kong Chief Executive Donald Tsang said on Wednesday, Oct 13 that Hong Kong will increase housing supply to try to cool the overheating property market.

"To ensure a healthy and stable property market in the next 10 years, on average, land needs to be made available annually for about 20,000 private residential flats," Tsang said in his annual policy speech.

KUALA LUMPUR: The government has given a conditional green light for the hillslope luxury bungalow project in Bukit Damansara to proceed.

HONG KONG: Hong Kong leader Donald Tsang is set to deliver his annual policy speech on Wednesday, Oct 13 at 0300 GMT, and will likely address the financial hub's overheating property market and growing offshore yuan trade.

SHANGHAI: China State Construction Engineering Corp, the country's construction giant, said on Wednesday, Oct 13 its total sales in the first three quarters of 2010 rose 20.4% over a year-ago.

HONG KONG: Home prices in first-tier cities on the mainland are likely to fall by 10% over the next six to 12 months as Beijing moves to curb speculation and avoid a bubble, according to rating agency Standard & Poor's.

KUALA LUMPUR: LBI Capital Bhd is acquiring 50% of a piece of commercial leasehold land in Shah Alam for RM12.9 million.

KUALA LUMPUR: Mah Sing Group has called on the government to maintain the tax relief on interest up to RM10,00 per year incurred on housing loans.

This was initially announced for sale and purchase agreements executed between March 2009 and December 2010.

SYDNEY: Foreign investment, particularly from Asia, is expected to continue pouring into Australian real estate, according to DTZ’s latest Australian Investment Market Update.

KUALA LUMPUR: PJ Development Holdings Bhd (PJD) is expected to launch an integrated development project with gross development value (GDV) of about RM750 million in Cheras in mid-2011, said its managing director Wong Ah Chiew.

KUALA LUMPUR: Construction outfit Bina Puri Holdings Bhd announced the securing of two jobs, namely the construction of a RM9 million hospital in Kota Kinabalu, Sabah, and another contract valued at RM5.73 million to build the Stormwater pipeline project in Saudi Arabia.