KUALA LUMPUR: UEM Builders Bhd and Ministry of Finance-owned (MoF) Jambatan Kedua Sdn Bhd (JKSB) finally signed a RM1.55 billion agreement for the construction of part of the second Penang Bridge, officially ending a two-year disagreement on certain matters in relation to the project.
Consistent paid out
Highlights:
HONG KONG: Bank of China has tightened lending to buyers of second homes on the mainland, in line with the central government's move to curb property speculation.
In new rules on property lending published on its website last Friday, the bank says buyers of second homes are required to pay a deposit of at least 50%, up from 40%.
PETALING JAYA: S P Setia Bhd has announced the incorporation of Setia Australia Ltd Monday April 26. Setia Australia is a wholly owned subsidiary of Setia International Ltd which in turn is a wholly-owned subsidiary of S P Setia Bhd.
KUALA LUMPUR: Property developer Malaysia Pacific Corporation Bhd (MPCorp) plans to start construction work of the Asia Pacific Trade and Expo City (APTEC) in Iskandar Malaysia, Johor this year.
HONG KONG: In the latest salvo aimed at the mainland property market, the country is getting ready to launch a real estate investment tool that will give investors an alternative to bricks and mortar, and move to cool a market where prices have risen at the fastest pace in five years.
PUTRAJAYA: The federal government has agreed to set up a special fund to implement all development projects in Sabah and Sarawak.
Construction of 4,100 new flats started in the first three months of the year, equivalent to half the total number of new flat starts last year. Construction began on 8,000 flats in 2008 and 8,200 last year.
HONG KONG: Mainland property developers are now more concerned about policy changes and mounting resentment among buyers over prices, than finding buyers for their apartments.
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