LBI Capital acquiring leasehold land for RM12.9m
KUALA LUMPUR: LBI Capital Bhd is acquiring 50% of a piece of commercial leasehold land in Shah Alam for RM12.9 million.
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Mah Sing calls on govt to maintain tax relief on housing loans
KUALA LUMPUR: Mah Sing Group has called on the government to maintain the tax relief on interest up to RM10,00 per year incurred on housing loans.
This was initially announced for sale and purchase agreements executed between March 2009 and December 2010.
Asian investors driving Australia’s commercial investment market
SYDNEY: Foreign investment, particularly from Asia, is expected to continue pouring into Australian real estate, according to DTZ’s latest Australian Investment Market Update.
PJD to launch RM750m GDV project in Cheras
KUALA LUMPUR: PJ Development Holdings Bhd (PJD) is expected to launch an integrated development project with gross development value (GDV) of about RM750 million in Cheras in mid-2011, said its managing director Wong Ah Chiew.
Bina Puri bags two contracts
KUALA LUMPUR: Construction outfit Bina Puri Holdings Bhd announced the securing of two jobs, namely the construction of a RM9 million hospital in Kota Kinabalu, Sabah, and another contract valued at RM5.73 million to build the Stormwater pipeline project in Saudi Arabia.
WCT eyes water concessions, expanding retail portfolio
KUALA LUMPUR: Construction outfit WCT Bhd is eyeing water concessions, and looking to expand its existing retail and hotel portfolio, to grow its recurring income asset base, over the next five years.
Kowloon Tong site sells for record HK$1.63b
HONG KONG: A luxury residential site in Ede Road, Kowloon Tong, sold for HK$1.63 billion (RM653.04 million) at auction to developer Chinachem on Tuesday, Oct 12 — a record price for a residential site in Kowloon.
US foreclosure halt could hit investors
WASHINGTON: A US-wide foreclosure moratorium could penalize pension funds, insurance companies and other investors and make new loans more expensive, an investor group and industry experts warned on Monday, Oct 11.
Aggressive developers may bid HK$1.54b for Kowloon Tong site
HONG KONG: The auction on Tuesday, Oct 12 of a luxury residential site in Kowloon Tong is expected to attract aggressive bidding from developers, and could fetch the government more than HK$1.54 billion (RM616.98 million), say analysts.
Home seekers draw the line: it's too rich for us
HONG KONG: Hongkongers are used to paying top dollar for some of the smallest living spaces in the world — but apparently, even they have limits.
