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MM2H participants to form association

KUALA LUMPUR: A group of Malaysia My Second Home (MM2H) participants are coming together to form an association tentatively named MM2H (Homers) Association.

Cashed-up Chinese buy prime flats in London

LONDON: A wave of affluent Chinese are investing in new blocks of flats rising in and around London's former wharves and docks -- now among the most sought-after locations in the city. Others are buying large homes in prime central London.

Sales in China dive on crackdown

HONG KONG: Beijing's credit crackdown targeting homebuyers has had the desired effect, emptying sales rooms during the long Labour Day weekend and dampening housing demand.

Australians build more homes, buy more cars

SYDNEY: Approvals to build new homes in Australia surged by the most in over seven years in April as the hard-hit apartment sector made a welcome comeback, cementing the outlook for a construction boom this year.

Other data out on Wednesday, May 5, showed sales of new vehicles ran red-hot in April while the country's service sector returned to growth as sales and employment revived.

SBC’s joint land deal with TM Facilities terminated

KUALA LUMPUR: SBC Corporation Bhd has terminated a joint land development agreement with TM Facilities Sdn Bhd (TMF) with immediate effect due to the failure in obtaining approvals from the relevant land authorities for the proposed project.

DAP rep concerned with state's financial implication on proposed PICC

PENANG: Datuk Keramat state assemblyman Jagdeep Singh Deo from DAP on May 4, expressed concern over financial implications that the state may face, to build the proposed Penang International Convention Centre (PICC).

Jagdeep said building the PICC may have financial implications to the state as the cost of building the PICC would be borne by the local council.