URUMQI: More than three years after securing the rights to build a ski resort in the Tian Shan mountains, an hour's drive from Urumqi in northwestern Xinjiang province, developers have yet to begin construction.

HONG KONG: Both owner-occupiers and investors are returning to the property market in growing numbers with expectations that prices are set to rise substantially in the near future.

HONG KONG: Surging house prices in the luxury sector have encouraged owners to put top-priced properties up for sale — with a Repulse Bay property likely to carry a price tag of about HK$1 billion (RM409.95 million), according to agents.

KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB) on Tuesday, July 13, signed three memorandums of understanding (MOU) with Multi-Purpose Holdings Bhd (MPHB) to collaboratively develop several parcels of land in Penang (80 acres), as well as in Rawang (267 acres) and Gombak, Selangor (324 acres).

PETALING JAYA: Boustead Properties, the developer of the Mutiara Damansara township in Petaling Jaya, has sold 80% of Surian Residences, its latest condominium project in the township.

KUALA LUMPUR: iProperty.com Malaysia will present its Expo Luxury Collection 2010 at the Kuala Lumpur Convention Centre from July 30 to Aug 1, 2010.

The three-day event, with a total exhibition space spanning some 6,000 square metres, features over 100 property developers showcasing over 300 developments across the world, iProperty.com said in a statement on Tuesday, July 13.

HONG KONG: More than 85% of Hong Kong's middle-income group believe the sales of luxury flats at 39 Conduit Road were an act of market manipulation despite the developer's attempt to kill the rumour by running advertisements in newspapers last week, a survey has found.

LONDON: Weaker demand and increasing supply cooled British house price growth last month and pushed future price expectations to their lowest in more than a year, a survey showed on Tuesday, July 13.

BEIJING: Chinese banks should "strictly implement" existing curbs on loans to multi-home buyers, the China Banking Regulatory Commission (CBRC) said, in response to media reports that some banks were relaxing credit controls.

KUALA LUMPUR: Sunway City Bhd yesterday entered into a Share Sale Agreement (SSA) with Sunway Pyramid Sdn Bhd (SPSB) for the proposed acquisition of Mega Capacity for RM2.8 million.