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S.Korea GNP leader urges housing market measures

SEOUL: South Korea's ruling party leader on Thursday, Aug 19 urged the government to quickly adopt measures aimed at reactivating housing transactions, which have slumped due to uncertain economic prospects and strict regulations.

Obama seeks new design for housing, Fannie/Freddie

WASHINGTON: The US government’s role in housing finance should undergo “fundamental change,” but it should still provide some guarantees in the mortgage market, Treasury Secretary Timothy Geithner said on Tuesday.

Property giant bets on soaring market

HONG KONG: The pause in the property market lasted for just one weekend.

Cheung Kong (Holdings) Ltd, the city’s second-biggest developer, bought two sites at auction on Tuesday, in Ho Man Tin and Hung Hom, for HK$7.61 billion (RM3.09 billion) — at least 20% higher than the market forecast.

KLK’s 9MFY10 earnings almost double to RM701m

KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) posted a net profit growth of 28% in its third quarter ended June 30, 2010 (3QFY10) to RM243.5 million from RM17.86 million a year earlier on the back of higher crude palm oil (CPO) and rubber prices, and improved performance from the manufacturing and retailing sectors.

Jetson’s termination of JV a sign of brewing tussle

KUALA LUMPUR: Kumpulan Jetson Bhd’s subsidiary Jetson Construction Sdn Bhd has terminated its joint venture agreement with China State Construction Engineering (Hong Kong) Ltd which was entered into to build Platinum Park here.

KL Kepong - boost from manufacturing

Boost From Manufacturing

KL Kepong (KLK)’s 9MFY10 results were within our estimates as there is some room for plantation profits to improve in the final quarter to match our segmental forecast.

US prime property hot over 5 yrs, Europe warm -DTZ

LONDON: Prime commercial property in the United States and Asia-Pacific is more attractively priced on a five-year horizon than that in Europe and Britain, a new property index showed on Wednesday.