BEIJING: China will intensify its property tightening drive in 2011, pushing house prices down moderately, China Minsheng Banking Corp said on Thursday, Nov 25.

Curbs rolled out so far, including higher down payments and mortgage rates, have failed to shake stubbornly high home prices, according to a report by the bank's specialist property team.

KUALA LUMPUR: GUH Holdings Bhd is set to launch its 10-acre Kepayang Commerce Square in Seremban on Saturday, Nov 27. Kepayang Commerce Square is situated within its 500-acre freehold Taman Bukit Kepayang, just 100 metres away from the Kuala Lumpur – Seremban Highway interchange.

DUBAI: Al Murjan Real Estate, developer of a US$3 billion housing project in the United Arab Emirates, has filed for bankruptcy after running into financial difficulties, the Financial Times reported on Nov 24.

Coming Under One Roof

Investment Highlights

KUALA LUMPUR: Daiman Development Bhd's net profit rose 19.6% to RM12.8 million for its first quarter (1Q) ended Sept 30, 2010, from RM10.7 million on sale of properties and building materials.

In a filing to Bursa Malaysia on Wednesday, Nov 23, the group posted slightly lower revenue of RM35.4 million, compared with RM35.9 million a year ago.

KUALA LUMPUR: Perak Corporation Bhd's net profit crept up to RM3.6 million for the third quarter (3Q) ended Sept 30, 2010, from RM3.3 million a year ago despite lower revenue, it said in a filing to Bursa Malaysia on Wednesday, Nov 23.

Its revenue fell to RM21.13 million from RM23.44 million a year ago.