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LBS Bina plans Sukuk programme for housing devt project

KUALA LUMPUR: LBS Bina Group Bhd share price unchanged at 48 sen at midday Monday, July 12, ahead of proposed multi-million ringgit Sukuk programme to finance its housing development projects.

At 12.06pm, unchanged at 48 sen, off early high of 49.5 sen with 88,200 shares done.

Ivory Properties to raise RM44.9m from IPO

KUALA LUMPUR: Penang-based Ivory Properties Group Bhd, which seeking a listing on the Main Market, plans to raise up to RM44.90 million from its proposed listing exercise.

It is offering 44.89 million new shares of 50 sen each at RM1 each, of which 9.3 million new shares would be offered to the public.

Development of MRB land in Sg Buloh in line with NEM

KUALA LUMPUR: The proposed development of the Malaysian Rubber Board (MRB) land in Sungai Buloh is an effort towards realising the objective of the New Economic Model of making Malaysia a high income country, said Deputy Minister in the Prime Minister's Department, Datuk SK Devamany.

Mainland property prices slow in June

BEIJING: Property prices in the mainland rose at a slower pace in June from a month ago, government data showed on Monday, in a further sign that Beijing’s efforts to cool the sizzling real estate market were kicking in.

Malaysia can be eco-tourism leader

KUALA LUMPUR: Malaysia is a hot-bed for the world’s rarest iconic natural attractions and serves as a tourist magnet. The country has attractive locations with vast potential for development as eco-tourism icons, according to a development planning expert.

Australia housing finance rises 1.9% in May

SYDNEY: Australian home loan commitments for May, released by the Australian Bureau of Statistics (ABS) on Monday, July 12.

A Reuters poll forecast the number of home loans rose 1.5%, seasonally adjusted. Estimates ranged from a fall of 4.5% to a rise of 3.4%.

Buyers rush to snap up offering of small flats

HONG KONG: Hundreds of home seekers and investors lined up last Saturday, July 10 to snap up 365 flats at two housing projects — signalling buyers are taking advantage of a rising property market.

Some 285 flats or 76% of the flats at Lime Stardom in Tai Kok Tsui were gone by 5pm after sales were launched at 9am.