SHANGHAI: Tightening measures to curb speculation in China's real estate sector will not be changed, the official Shanghai Securities News reported on Thursday, July 29 citing a government researcher.

Liu Yingjie, a researcher at China's State Council, or cabinet, said regulation in the property market had been effective in regulating the surge in housing prices in some cities.

KUALA LUMPUR: Low profile and thinly property stock Plenitude Bhd recently has been chalking up good gains, catching investors' attention.

Property

Property plays benefiting from tourism boom

KUALA LUMPUR: WCT Bhd has proposed to issue RM600 million nominal value of serial fixed rate bonds of up to five years with up to 181.08 million detachable warrants on a bought-deal basis to primary subscribers, it said on Wednesday, July 28.

KUALA LUMPUR: Concrete Engineering Products Bhd (CEPCO) posted a net loss of RM197,000 for the third period (3Q) ended May 31, 2010, plunging from a net profit of RM13.3 million a year ago, it announced on Bursa Malaysia.

KUALA LUMPUR: PLUS Expressways Bhd (PEB) has entered into a conditional sale and purchase agreement (SPA) with PT Bakrie & Brothers TBK (Bakrie) for the former’s disposal of its entire stake in PT Cimanggis Cibitung Tollways (CCTW) for Rp57.82 billion (RM20.2 million) cash on Wednesday, July 28.

HONG KONG: Hong Kong on Wednesday July 28 auctioned a plot of land for HK$10.4 billion (US$1.3 billion) in its third-most expensive land sale, beating forecasts and adding to fears of a bubble in one of the world's hottest property markets.

KUALA LUMPUR: Eurospan Holdings Bhd posted a net profit of RM359,000 for the financial year ended May 31, 2010 (FYE2010), plummeting by 89.3% from RM3.37 million a year ago on the back of different product mix, higher operating costs and the appreciation of the ringgit.

KUALA LUMPUR: IOI Corporation Bhd, via its subsidiary IOI Properties Bhd, announced that it has acquired Palmy Max Ltd (PML) on Wednesday, July 28.

The company said that it had acquired the entire issued and paid-up capital of PML, comprising one ordinary share of HK$1 (41 sen), and subsequently subscribed to the remaining 9,999 shares in PML.

KUALA LUMPUR: Property developer Mutiara Goodyear Development Bhd is confident to maintain its dividend payment trend despite the
adoption of Issues Committee (IC) Interpretation 15 Agreements.