KUALA LUMPUR: Boustead Holdings Bhd announced the completion of a joint-venture (JV) exercise and the acquisition of land in Cherating, Pahang on the same day as its filing with Bursa Malaysia on Tuesday, July 6.

KUALA LUMPUR: OSK Property's phase 2 Bangi Lakehill Villas in Bangi, Selangor launched in May this year has been 60% taken up.

Phase 2 saw the release of 16 Seri Villas and 26 Suria Villas. Phase 1 of the development, which released 15 Seri Villas and 15 Suria Villas late last year, is 100% sold.

SHANGHAI: New real estate policies in China have led to weakened investment demand, especially in the high-end residential market, which in turn caused a fall in market prices, said Colliers International.

KUALA LUMPUR: K-Star Sports Ltd is applying for an extension of time for its unit Fujian Dixing Shoes Plastics Co Ltd to obtain its land-use-rights and property ownership certificates from the People's Republic of China (PRC) authorities on two pieces of land.

KUALA LUMPUR: Mah Sing Group Bhd will jointly develop a piece of leasehold land in Taman Damai Utama in Kinrara together with the landowner, Medan Damai Sdn Bhd.

Joint venture development

Highlights:

Mah Sing Group Bhd
Kinrara Parcel paves entry into Puchong

BEIJING: China's property market is a bubble, but the impact of a price correction on the country's banks is uncertain, Harvard University economics professor Kenneth Rogoff said on Tuesday, July 5.

SHANGHAI: China Vanke said property sales in the first six months rose 19.5% year-on-year (y-o-y) to 367.7 billion yuan (RM175 billion), after it priced developments lower than expected, the China Securities Journal reported on Tuesday, July 6.

KUALA LUMPUR: Faber Group Bhd was awarded an RM20.38 million contract for Sheikh Khalifa Medical City project in Dubai.