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Sino Land project eases developers' fears

THE first residential project marketed under controversial new guidelines issued by the government has defied the worst fears expressed by developers that the changes would significantly increase their costs and reduce sales.

More than 500 units in the 964-unit project The Hermitage, in Tai Kok Tsui, were sold within a week of its launch last month under the new rules.

07 July, 2010
Berjaya Corp to build wastewater treatment plants in China worth RM97m

KUALA LUMPUR: Berjaya Corporation Bhd entered into an agreement with Xinan Public Asset Investment Co. Ltd to construct two wastewater treatment plans in China’s Xinan County in the Guangdong Province at the cost of RM97 million, the Group said in a filing with Bursa Malaysia on Tuesday, July 6.

06 July, 2010
OSK launches second phase of semidees at Bangi Lakehill Villas

KUALA LUMPUR: OSK Property's phase 2 Bangi Lakehill Villas in Bangi, Selangor launched in May this year has been 60% taken up.

Phase 2 saw the release of 16 Seri Villas and 26 Suria Villas. Phase 1 of the development, which released 15 Seri Villas and 15 Suria Villas late last year, is 100% sold.

06 July, 2010
Colliers says high-end housing prices to fall

SHANGHAI: New real estate policies in China have led to weakened investment demand, especially in the high-end residential market, which in turn caused a fall in market prices, said Colliers International.

06 July, 2010
K-Star Sports wants time extension for Fujian Dixing

KUALA LUMPUR: K-Star Sports Ltd is applying for an extension of time for its unit Fujian Dixing Shoes Plastics Co Ltd to obtain its land-use-rights and property ownership certificates from the People's Republic of China (PRC) authorities on two pieces of land.

06 July, 2010
Mah Sing to develop land with Medan Damai

KUALA LUMPUR: Mah Sing Group Bhd will jointly develop a piece of leasehold land in Taman Damai Utama in Kinrara together with the landowner, Medan Damai Sdn Bhd.

06 July, 2010