HONG KONG: Developers planning to raze old buildings and develop residential projects on the sites they occupy face a tough new regulatory hurdle to secure approval for their plans.

The developers must now convince the Buildings Department that they have a "realistic prospect of control" before their redevelopment plans can be approved.

5th property development in Singapore

Maintain Buy. Sunway’s 5th property project in Singapore strengthens its presence in the island state. It has won a tender for another piece of land at Jurong together with its “old” partner Hoi Hup for SGD131.6m.

BEIJING: A property tax to be launched on a trial basis in the southwestern Chinese city of Chongqing will cover new and existing homes, city mayor Huang Qifan was quoted as saying on Wednesday, Jan 12 by state television.

KUALA LUMPUR: UEM Land Holdings Bhd has received acceptances for 477.64 million Sunrise Bhd shares at a takeover offer price of RM2.80 per share, representing a 96.42% stake in the company at the close of the offer period.

KUALA LUMPUR: Property developer Titijaya Bhd and hardware marketing outfit Bunseng Holdings Bhd are the latest two companies that have proposed to list on Bursa Malaysia.

The Securities Commission had put up the companies' listing prospectus exposure on Monday, Jan 10, with the last day of exposure on Jan 31.

KUALA LUMPUR: Sunway Holdings Bhd is set to undertake a public housing development in Singapore after being awarded the tender of land parcel by the Housing and Development Board of Singapore (HDB).

ALOR SETAR: It has become almost unbearable for more than 4,000 residents of the Simpang Kuala Flats near here who have been plagued by improper disposal of refuse for over a year.

Simpang Kuala Flats Federal Village Development and Security Committee chairman Zakri Hassan said the problem cropped up after E-Idaman took over the contract of refuse disposal at the end of 2009.

ALOR SETAR: Bina Darulaman Berhad (BDB), a Kedah state government subsidiary, denied on Tuesday, Jan 11 alleged irregularities in the award of the contract to build the Insaniah University College (KUIN) campus in Kuala Ketil, Baling.

NEW DELHI: A proposed new city in Gujarat, a prosperous state in western India, has shown interest to replicate Putrajaya, Malaysia's administrative capital.

Malaysia's special envoy for infrastructure to India and South Asia Datuk Seri S Samy Vellu said the state government was keen on Putrajaya's design, which he had proposed to Gujarat Chief Minister Narendra Modi.

LUSAKA: Zambian President Rupiah Banda has laid the foundation stone for the new state-of-the-art Lusaka Independence Stadium, which is to be constructed with the help of the Chinese government at a cost of US$94 million (RM289.52 million).