HONG KONG: Sun Hung Kai, Asia's largest property developer by market value, is confident of achieving its sales target for the 2010/11 fiscal year, despite harsh tightening measures announced by Hong Kong last month.

BEIJING: Residential property prices in China's 100 key cities rose 0.82% in November from a month earlier, according to China Real Estate Index System (CREIS).

Shenzhen stood out as the city with the highest average price, at 24,601 yuan (RM11,627.75) per square meter, followed by Shanghai, Beijing, Hangzhou and Sanya, the private data provider said.

KUCHING: The Housing Loan Division of the Federal Treasury is expected to adopt the e-Forms system fully by the middle of next year, thus speeding up and facilitating the process of applying for housing loans among civil servants.

KUALA LUMPUR: ECM Libra Investment Research said Sunway Holdings Bhd is the top buy for the construction sector, amid its strong earnings growth of 86.5% in financial year 2010.

KUALA LUMPUR: The Mace Group (MACE) of the United Kingdom, a global consultancy and construction giant will invest RM3 billion in Malaysia over five years, thus giving foreign direct investment (FDI) in the country a timely boost.

No short supply of news-flow. We expect the Klang Valley (KV) MRT project to feature in the next batch of entry point projects (EPP) to be announced by PM Najib, potentially this month end or in the early days of 2011.

KUALA LUMPUR: Sunrise Bhd's latest luxurious condominium project 28 Mont'Kiara located in the high-end enclave of Mont'Kiara in Kuala Lumpur has been accorded the World's Best International High-rise Development at the International Property Awards 2010 in association with Bloomberg Television.

HONG KONG: Homes sales in Hong Kong fell to their lowest levels in almost a year last week as buyers reacted to government measures to curb speculation.

"The market temperature has dropped to freezing point," David Chan Tai-wai, a director at real estate agency Ricacorp Properties, said.

KUALA LUMPUR: Sunway Holdings Bhd entered into two memorandum of understandings (MOUs) with the Jiangsu Changshu Economic Development Zone Authority on Nov 29, 2010 to acquire two pieces of land measuring 14 acres and 25 acres respectively to build factories to manufacture undercarriage parts and hoses, the group announced on Wednesday, Dec 1.

KUALA LUMPUR: Boustead Holdings Bhd, via its wholly-owned subsidiary Mutiara Rini Sdn Bhd (MRSB), entered into a sales and purchase agreement to dispose one acre of leasehold commercial land in Johor for RM3.96 million to Boustead Petroleum Marketing Sdn Bhd, the group announced on Wednesday, Dec 1.