KUALA LUMPUR: Malaysian Institute of Architects (PAM) and Malaysian Chinese Muslim Association (MACMA) on Aug 16 launched the Masjid MACMA Architecture Competition, a design competition to build a mosque that is open to all corporate members of PAM.

The ceremony was officiated by Datin Seri Rosmah Mansor, wife of the Prime Minister Datuk Seri Najib Tun Razak.

HONG KONG: Shares of the city's big developers slumped yesterday after the government's tough new measures to cool speculation in the property market sparked a 50% drop in home sales over the weekend.

GEORGE TOWN: A ride in a bubble lift up to the 65th floor of Komtar to view the scenery from one of Southeast Asia's highest buildings will soon be among the attractions the 35-year-old tower will offer visitors as the state government attempts to revive one of Penang's most prominent landmarks.

KUALA LUMPUR: The Al-Hidayah Group is planning to offer 1,000 sq ft-wide office spaces in its Olive 108 mixed development, said Al-Hidayah group chief executive Ismail Mustaffa.

SHANGHAI: Hong Kong-listed company SOHO China has acquired a 21.3-acre land adjacent to the Hongqiao Integrated Transport Hub in Shanghai, ShanghaiDaily.com reported.

SHANGHAI: Taikang Life Insurance is looking to expand its real estate portfolio in Shanghai, reported online news portal Hexun.com on Aug 4.

9th – 15th Aug: Developers expect price hike in 2H10

· Another listless week
The property sector had a listless week which was inline with the broad market. KL Property Index was 0.5% lower while all property stocks under coverage posted losses for the week with the exception of Sunrise.

Semi-Ds in Shah Alam going for RM1.6m-1.7m

HONG KONG: The property market may fall into a new round of consolidation if Tuesday's land auction of two sites in Kowloon attracts a poor response, analysts said.

Surveyors have lowered by 3% to 10% their valuations of the two sites after the government released new cooling measures for the property market last Friday, Aug 13.

SHANGHAI: Property companies in the China market have been celebrating rising interim earnings, but analysts warn of a decline in profits over the next two years.

Developers have managed to report encouraging six-month earnings predominantly because most of their units were pre-sold last year when the China market was booming,