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Cathay Pacific unveils new lounge at HK airport

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.

Taiwan plans more affordable housing as prices spiral

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.

Haven appoints Bina Puri as main contractor

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.

Inflated flat sizes set to be punctured

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.

Academics and observers hit at property measures

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.

Tsang's blueprint fails to convince his critics

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.

35% of luxury HK flats sold to China buyers

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.