Consistent paid out

Highlights:

HONG KONG: Bank of China has tightened lending to buyers of second homes on the mainland, in line with the  central government's move to curb property speculation.

In new rules on property lending published on its website last Friday, the bank says buyers of second homes are  required to pay a deposit of at least 50%, up from 40%.

PETALING JAYA: S P Setia Bhd has announced the incorporation of Setia Australia Ltd Monday April 26. Setia Australia is a wholly owned subsidiary of Setia International Ltd  which in turn is a wholly-owned subsidiary of S P Setia Bhd.

KUALA LUMPUR: Property developer Malaysia Pacific Corporation Bhd (MPCorp) plans to start construction work of the Asia Pacific Trade and Expo City (APTEC) in Iskandar Malaysia, Johor this year.

HONG KONG: In the latest salvo aimed at the mainland property market, the country is getting ready to launch a real estate investment tool that will give investors an alternative to bricks and mortar, and move to cool a market where prices have risen at the fastest pace in five years.

PUTRAJAYA: The federal government has agreed to set up a special fund to implement all development projects in Sabah and Sarawak.

HONG KONG: Mainland property developers are now more concerned about policy changes and mounting resentment among buyers over prices, than finding buyers for their apartments.

HONG KONG: Sun Hung Kai Properties is about to change the retail landscape of Shanghai's Pudong district by showcasing 25 world class brands in its soon-to-be-opened luxury shopping centre.

KUALA LUMPUR: Ken Holdings Bhd plans to go into the hospitality industry to generate recurring income for the group, said its chairman and managing director Kenny Tan.