KUALA LUMPUR: Malaysian property developers are bracing for costlier steel, prompting the need to raise real estate prices against a backdrop of rising construction cost to preserve profit margins.

SHANGHAI: New home prices breached the 23,000 yuan (US$3,367) psm barrier for the first time last week amid abundant supply.

KUALA LUMPUR: A total of 21,611 of 29,562 People's Housing Programme (PPR) units of the National Economic Action Council currently managed by the Kuala Lumpur City Hall (DBKL) are available for sale to existing tenants, the Dewan Rakyat was told Tuesday, April 20.

MUMBAI/SYDNEY: India raised interest rates for the second straight month on Tuesday (April 20) and Australia signalled it may tighten policy further as the region's economies rapidly recover, putting pressure on policymakers to keep inflation in check.

SHANGHAI: China State Construction Engineering Co said its 2009 net profit attributable to investors including extraordinary items rose 108.7% to 5.73 billion yuan (RM2.69 billion) from its restated 2008 earnings, propelled by a property boom.

BEIJING: China has ordered property developers not to accept pre-payment for uncompleted homes without official approval, the latest in a series of moves aimed at quelling the red-hot real-estate sector, state media reported.

KUALA LUMPUR: Mah Sing Group Bhd is actively scouting for more land to meet market demand for its award winning property products.

The company is boosting its business development activities to reach owners of land with good development potential for outright sales or joint ventures.

KUALA LUMPUR: Guocoland (Malaysia) Bhd’s net loss widened to RM5.65 million in its third quarter ended March 31, 2010 (3QFY2010) from a loss of RM3.37 million a year earlier despite a 139.26% jump in revenue to RM42.42 million from RM17.73 million.

KUALA LUMPUR: ACE Market-listed Iris Corp Bhd and Mapletree Industrial Fund Pte Ltd have terminated a proposed disposal and leaseback of two plots of leasehold land in Technology Park Malaysia as terms and conditions of the sale and purchase agreement (SPA) could not be concluded within the agreed negotiation period.

Buys remaining 50% of Starhill Global’s manager