KUALA LUMPUR: GuocoLand (Malaysia) Bhd's wholly-owned subsidiary HLL Overseas Limited had on Wednesday, Mar 22 incorporated a wholly-owned subsidiary known as Positive Vision Labuan Ltd (PVL) as an investment holding company.

KUALA LUMPUR: Newly-listed Benalec Holdings Bhd is standing out from its construction peers and rapidly gaining investor attention.

BEIJING: China's government has dispatched eight "special" teams across the country to assess the impact of its property tightening measures, the official China Securities Journal reported on Wednesday, Mar 23.

The move followed measures announced by China's cabinet and a maiden property tax in January to prevent a housing bubble from forming and leading to social unrest.

TOKYO: Japan's office market recovery will be set back by the the 9.0-magnitude earthquake and subsequent tsunami, albeit only on a limited scale in the short-term according to early analyses by international real estate outfit DTZ.

KUALA LUMPUR: OSK Property Holdings Bhd's wholly-owned subsidiary Wawasan Rajawali Sdn Bhd is buying a 64,320 sq metre freehold site in Mukim Dengkil, Selangor, from Cyberview Sdn Bhd and Setia Haruman Sdn Bhd for RM86.54 million.

KUALA LUMPUR: S P Setia Bhd has completed its book-building exercise to place out 153 million shares, or equivalent to 15% of its paid-up capital, raising RM884.6 million to finance its existing projects and future expansion.

Gamuda Bhd (Mar 22, RM3.70)
Maintain buy at RM3.66 with target price RM4.68: We are projecting 7.5% growth in construction's contribution for 2011 gross domestic product (GDP) which could exceed the average yearly construction turnover of RM60 billion. The construction sector grew 5.7% in 2009 and 7% in 2010.

SYDNEY: Along with the standard purchases — abalone, sheepskin, macadamia nuts and koala soft toys — deluxe properties have been added to the "must-have" shopping lists of many mainland travellers to Australia.

Ray Chan Wei, who heads a property agency in Sussex Street in Sydney's Chinatown, said the Chinese had been the biggest overseas buyers in the city since 2005.

HONG KONG: Despite a pay rise last year and expectations of another one in 2011, real estate professionals in Asia are less satisfied with their jobs than those in Britain, the Middle East and South Africa, a survey shows.

HONG KONG: The nuclear crisis in Japan prompted some Hong Kong home sellers to drop asking prices last week in a bid to secure quick sales, agents say.

But the discounts were insufficient to lure some nervous potential buyers to risk entering the market.