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China prices defy Beijing's curbs

BEIJING: Beijing's tough measures to curb demand in China's buoyant property market have yet to affect prices. Some home seekers and market watchers think they will continue rising.

Sales pick up on sellers' willingness to negotiate

HONG KONG: Home sales in Hong Kong's secondary market picked up slightly last week as sellers lowered their asking prices, according to agents.

Some 261 homes were sold during the week from Nov 29 to Dec 5 in the secondary market in the 50 housing estates monitored by property agent Ricacorp Properties.

Taiwan plans special property tax

TAIPEI: Taiwan is planning to impose a special tax on short-term investment property transactions in the latest effort to curb speculation and prevent real estate bubbles in major cities.

Finance ministry chief secretary Lee Ching-hua did not give further details of the plan, but local media reported the tax could be as much as 30%, depending on the value of the deal.

The power of one with an eagle eye

HONG KONG: From his lofty vantage point on the top floor of the Great Eagle Centre in Wan Chai, Dr Lo Ka-shui — chairman and managing director of property and hotel company Great Eagle Holdings — is a keen observer of fashion on the streets far below.

UEM Builders names Mohd Razin as new managing director

KUALA LUMPUR: Engineering-based conglomerate UEM Group Bhd has named Mohd Razin Ghazali as the new managing director of its wholly-owned subsidiary UEM Builders Bhd.

In a statement on Wednesday, Dec 8, UEM Group group managing director and chief executive officer Datuk Izzadin Idris said, Mohd Razin joined UEM Builders in August this year.

Mutiara Goodyear targets the medium range market with Nadayu 92

KUALA LUMPUR: Mutiara Goodyear Development Bhd's latest residential project Nadayu 92 is set to make its mark in Kajang, Selangor.

Spanning across 68 acres of freehold land next to the Kajang Hill Golf Club, Nadayu 92 is a gated and guarded development aimed at the medium range market.

Opal Damansara wins two prestigious awards

KUALA LUMPUR: Sunway City Bhd's (SunCity) Opal Damansara semi-detached condominiums in Sunway Damansara recently won two prestigious property awards from both the Asian Habitat Summit 2010 and the World Association of Chinese Architects (WACA).

The 248-unit condo was developed by SunCity's subsidiary Sunway Damansara Sdn Bhd, and was designed by Arkitek Maju Bina.

Europlus sells Talam shares

KUALA LUMPUR: Kumpulan Europlus Bhd disposed of 20 million shares of Talam Corporation Bhd for RM1.8 million.

In a filing to Bursa Malaysia on Monday, Dec 6, the company said the 20 million shares of 20 sen each, or 0.63% of the total voting share capital of Talam Corp, were sold on Dec 3 at a price of 9 sen per share on a willing-buyer-willing-seller basis.