HONG KONG: In the latest twist in the high-profile family feud at the Sun Hung Kai Properties (SHKP) empire, Walter Kwok Ping-sheung — eldest scion of the Kwok clan — has been removed as a beneficiary from a key trust controlling the business group.

KUALA LUMPUR: Sheikh Mohd Nasarudin, better known as SM Nasarudin, has been redesignated as a non-executive director of construction, property and manufacturing company Kumpulan Jetson Bhd (Jetson) on Oct 4. He was previously the chairman and executive director of the company.

DUBAI: Cluttons’s latest research shows that villa and apartment sales rates in Dubai continue to decline in the third quarter of 2010.

During the period, villa sales prices fell by 4.3%, and apartment sales prices fell by 8.7%, while villa rental prices were reduced by 8.2% and apartment rental prices slipped by 6.1%.

DUBAI: Cityscape Global, the rebranded Cityscape Dubai, is expected to be a platform for industry stakeholders to network and get a feel of the global property market, reported Gulf News on Sunday, Oct 3.

? Regulatory measures unlikely to be harsh. While we believe the property sector will be imposed with tighter rules, any new measures are likely to be moderate as the Government would not want to dampen the whole property sector.

KUALA LUMPUR: The Malaysian Developers' Council (MDC) has called for the government to resist and review legislations that will enable organisations and professional service providers dominating a particular sector to demand prior payment before work commences, in the interest of fair and free trade practices.

BEIJING: Shenzhen has become the first city to respond to the central government's latest effort to restrain the red-hot property market by limiting families with residency status to the purchase of only two homes.

MUNICH: German banks are the most active in UK commercial property deals above 20 million pounds (RM95.7 million), representing nine in a list of 12 banks willing to finance larger transactions, a survey of lenders showed on Monday, Oct 4.

Something is brewing in Vietnam, and it’s not just the fragrant, strong coffee the country is so famous for. In 2009, the world’s largest rice exporter was the third-fastest growing Asian economy, so it is no wonder Malaysian developers are beating a path to its door.

Developer-cum-contractor Ken Holdings Bhd is building the first green township in the country — KEN Rimba in Shah Alam — following the completion of its first green building, Ken Bangsar, in Kuala Lumpur.