KUALA LUMPUR: Cathay Pacific unveiled its new lounge at Hong Kong International Airport on Thursday, Oct 14. The lounge is designed by by Foster + Partners, an international architecture, planning and design firm.

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Second wind from NAV expansion

KUALA LUMPUR: In an effort to ensure every citizen owns a residential property, the government has proposed stamp duty exemption on instruments of transfer and loan agreements for residential property.

TAIPEI: Taiwan officials said on Friday, Oct 15 they planned to resume construction of affordable housing after an 11-year hiatus, another step to offset rising home prices that have kept average income earners out of the market.

KUALA LUMPUR: Bina Puri Holdings Bhd has been appointed at The Haven's joint venture (JV) main contractor with Beijing Construction Engineering Group.

The Haven, which is being developed by Superboom Projects Sdn Bhd, is set to be Perak's most luxurious condominium project.

BEIJING: Chinese property prices were up 0.5% in September from a month earlier, the first month-on-month rise since May, according to an official survey of 70 cities published on Friday, Oct 15.

HONG KONG: Proposals to tackle developers who inflate the size of flats by including green features and common areas were announced by the chief executive.

The government proposes forcing developers to use saleable area — which excludes bay windows, air-conditioning plant rooms and other common facilities — as the only basis for listing the price per square foot.

HONG KONG: New measures outlined in the chief executive's policy blueprint will not satisfy people's demand for government help in becoming homeowners and will have no immediate impact on rising property prices, academics and market watchers say.

HONG KONG: It was billed as a blueprint to tackle an overheating property market and the widening wealth gap, even perhaps to shape Chief Executive Donald Tsang Yam-kuen's political legacy. But his penultimate policy address left observers asking whether it could leave a series of problems for his  successor.

HONG KONG: More than one in three new luxury flats in Hong Kong were bought by China buyers in the first half of this year — a rise of more than 50% compared to the second half of last year. And the trend is set to continue.