HONG KONG: Hong Kong received an opening bid of HK$2.876 billion (RM1.19 billion) in an auction for a residential site on Tuesday, May 11, the first land sale since the government moved to crack down on speculation in the housing market.

Fraser & Neave Holdings Bhd (F&N)
(May 10, RM10.82)

NEW YORK: Franklin Templeton Real Estate Advisors (FTREA) on May 11 announced that it has hired Joyce T Shapiro to head a newly established business team dedicated to real asset multi-manager investment strategies, expanding the group’s capabilities to include infrastructure, energy, water, agriculture and timber.

KUALA LUMPUR: Ibraco Bhd has been categorised as Practice Note 17 (PN17) company as the property developer’s revenue is less than 5% of its paid-up capital of RM99.5 million.

The Sarawak-based company’s revenue for the financial year ended Dec 31, 2009 (FY2009) slid almost 95% to barely RM3.5 million from RM66.5 million in FY2008.

SEOUL: South Korean banks' mortgage lending to households in April grew slightly faster, while overall household loans rose at a slower pace than the previous month, central bank data showed on Tuesday, May 11.

Expanding Penang Exposure

More details on REIT revealed

Looking at another China venture

KUALA LUMPUR: Cahya Mata Sarawak Bhd has entered into a memorandum of understanding  with Naim Cendera Sdn Bhd (NCSB) and the Bintulu Development Authority (BDA) to enter into a joint venture to undertake the development of a parcel of land at Samalaju New Township.

KUALA LUMPUR: Sunway Holdings Bhd is collaborating with China's XuanCheng municipal government to develop an integrated city in the city of XuanCheng, which is 260km east of Shanghai.Sunway said on Monday, May 10 it had entered into a memorandum of understanding (MoU) with the municipal government to develop the city which consists of an entertainment park, exhibition centre, hotels, shopping m