SHANGHAI: China State Construction Engineering Corp, the country's construction giant, said on Wednesday, Oct 13 its total sales in the first three quarters of 2010 rose 20.4% over a year-ago.

HONG KONG: Home prices in first-tier cities on the mainland are likely to fall by 10% over the next six to 12 months as Beijing moves to curb speculation and avoid a bubble, according to rating agency Standard & Poor's.

KUALA LUMPUR: LBI Capital Bhd is acquiring 50% of a piece of commercial leasehold land in Shah Alam for RM12.9 million.

KUALA LUMPUR: Mah Sing Group has called on the government to maintain the tax relief on interest up to RM10,00 per year incurred on housing loans.

This was initially announced for sale and purchase agreements executed between March 2009 and December 2010.

SYDNEY: Foreign investment, particularly from Asia, is expected to continue pouring into Australian real estate, according to DTZ’s latest Australian Investment Market Update.

KUALA LUMPUR: PJ Development Holdings Bhd (PJD) is expected to launch an integrated development project with gross development value (GDV) of about RM750 million in Cheras in mid-2011, said its managing director Wong Ah Chiew.

KUALA LUMPUR: Construction outfit Bina Puri Holdings Bhd announced the securing of two jobs, namely the construction of a RM9 million hospital in Kota Kinabalu, Sabah, and another contract valued at RM5.73 million to build the Stormwater pipeline project in Saudi Arabia.

KUALA LUMPUR: Construction outfit WCT Bhd is eyeing water concessions, and looking to expand its existing retail and hotel portfolio, to grow its recurring income asset base, over the next five years.

HONG KONG: A luxury residential site in Ede Road, Kowloon Tong, sold for HK$1.63 billion (RM653.04 million) at auction to developer Chinachem on Tuesday, Oct 12 — a record price for a residential site in Kowloon.

WASHINGTON: A US-wide foreclosure moratorium could penalize pension funds, insurance companies and other investors and make new loans more expensive, an investor group and industry experts warned on Monday, Oct 11.