SHANGHAI: New real estate policies in China have led to weakened investment demand, especially in the high-end residential market, which in turn caused a fall in market prices, said Colliers International.

KUALA LUMPUR: K-Star Sports Ltd is applying for an extension of time for its unit Fujian Dixing Shoes Plastics Co Ltd to obtain its land-use-rights and property ownership certificates from the People's Republic of China (PRC) authorities on two pieces of land.

KUALA LUMPUR: Mah Sing Group Bhd will jointly develop a piece of leasehold land in Taman Damai Utama in Kinrara together with the landowner, Medan Damai Sdn Bhd.

Joint venture development

Highlights:

Mah Sing Group Bhd
Kinrara Parcel paves entry into Puchong

BEIJING: China's property market is a bubble, but the impact of a price correction on the country's banks is uncertain, Harvard University economics professor Kenneth Rogoff said on Tuesday, July 5.

SHANGHAI: China Vanke said property sales in the first six months rose 19.5% year-on-year (y-o-y) to 367.7 billion yuan (RM175 billion), after it priced developments lower than expected, the China Securities Journal reported on Tuesday, July 6.

KUALA LUMPUR: Faber Group Bhd was awarded an RM20.38 million contract for Sheikh Khalifa Medical City project in Dubai.

KUALA TERENGGANU: Felcra Bhd will develop 10,000 hectares of land in Terengganu, under the 10th Malaysia Plan (10MP), in a move to involve more settlers in replanting programmes.

In announcing this, Che Mohd Zainun Abd Jalil Senior, planning executive at Felcra Bhd's Eastern Region, said the land would either be replanted with oil palm or natural rubber.

JOHOR BAHRU: The newly appointed chairman of UDA Holdings Datuk Nur Jazlan Mohamed will stress on the company focusing on three core business areas — namely real estate, development of town and management of shopping complexes — in three major cities in the country.