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.

HONG KONG: The auction on Tuesday, Oct 12 of a luxury residential site in Kowloon Tong is expected to attract aggressive bidding from developers, and could fetch the government more than HK$1.54 billion (RM616.98 million), say analysts.

HONG KONG: Hongkongers are used to paying top dollar for some of the smallest living spaces in the world — but apparently, even they have limits.

HONG KONG: China's series of policy tightening measures to prevent a property bubble from bursting will likely speed up sales of some projects as prices in top tier cities fall, analysts and industry executives said on Monday, Oct 11.

Datuk Alan Tong-    past Fiabci (International Real Estate Federation) world president (2005-06)-    past Fiabci Malaysia president-    Sunrise Bhd founder-    Bukit Kiara Properties Sdn Bhd group chairman“The top developers in the country continue to work hard to remain on top but it is good to see some new names among the Top 10 this year.

S P SETIA Bhd has done it again. It is The Edge Top Property Developers Awards 2010’s (TPDA) No 1 ranked developer in Malaysia.

KLANG: WCT Bhd opened the doors of its first hotel in Klang on Monday, Oct 11 with the goal of making hotel management a viable component of its business within the next few years.

S P Setia Bhd president and chief executive officer Tan Sri Liew Kee Sin whose group retakes their top spot in The Edge Top Property Developers Awards 2010 (TPDA) has dedicated the award to his staff for their hard work.“We’re always delighted whenever The Edge acknowledges us among the Top 10. I would like to thank S P Setia staff for putting in all their hard work.

I&P Group Sdn Bhd’s 19-year-old Bandar Kinrara township in Puchong, Selangor is the inaugural The Edge-PEPS Value Creation Excellence Award in the residential development category.The estimated RM3 billion development sits on 1,904 acres and comprises mainly terraced, semi-detached and bungalow homes.