BEIJING: Agricultural Bank of China will halt all lending to property developers for the remainder of the month, three sources familiar with the decision told Reuters on Wednesday.

The bank, China's third biggest by asset value, will resume lending to developers in September, the sources said

KUALA LUMPUR: Ho Hup Construction Company Bhd posted a pre-tax loss of RM8.3 million for its second quarter (2Q) ended June 30, 2010, on the back of revenue of RM8.8 million.

Comparatively, the company recorded a pre-tax loss of RM7.8 million on revenue of RM30.5 million in the corresponding quarter last year.

HONG KONG: Asian investors are expected to be the dominant cross-border investors in Asia Pacific in the second half (1H) of 2010, according to Jones Lang LaSalle's (JLL) latest Global Market Perspective.

HONG KONG: Asia-Pacific commercial property markets offer higher returns to investors than cities in Europe, though generally lower than those in the United States, property consultant DTZ said.

HONG KONG: For Hong Kong property developer Tony Yau Tang-tit, being the brother of a senior government official can have its drawbacks.

HONG KONG: Property transactions have dropped despite the better-than-expected sale of two residential sites at a government auction last Tuesday, Aug 17.

Only 40 flats in the primary market were sold at the weekend — a decline of 7% from the previous week — as sentiment was affected by the latest government measures to cool the market, analysts said.

HONG KONG: Residential rents are expected to rise because of the government's measures to cool the housing market.

KUALA LUMPUR: Eastern & Oriental Bhd (E & O) posted revenue and pre-tax profit of RM46.31 million and RM17.56 million respectively for its first quarter (1Q) ended June 30, 2010.

In the same period last year, E & O posted revenue and pre-tax profit of RM73.915 million and RM9.498 million respectively.

KUALA LUMPUR: DutaLand Bhd posted a pre-tax profit of RM15.8 million for its financial year ended June 30, 2010 (FYE 2010), on the back of revenue of RM109.1 million.

Comparatively, the group posted revenue and pre-tax profit of RM100.5 million and RM77.9 million respectively in FYE 2009.

KUALA LUMPUR: Tanco Holdings Bhd posted a pre-tax loss of RM4.58 million for its second quarter (2Q) ended June 30, 2010, compared with the loss of RM2.41 million posted in the same period last year.

The company said on Tuesday, Aug 24 that the loss was due to a waiver arising from a settlement with a contractor in the previous corresponding period.