HONG KONG: Sales at Sino Land's The Hermitage in Tai Kok Tsui, due to be launched this week, will provide a reality check for the market under new guidelines imposed by the government for the release of new developments.

The project will be in the spotlight as it is the first large-scale development to be launched since the new rules took effect this month.

KUALA LUMPUR: Berjaya Land Bhd (BLand) has aborted its proposed US$200 million (RM640 million) joint venture (JV) project, an international themed village, on a 586,040 sq metre (about 145 acres) parcel of freehold land in the Jeju Special Self Governing Province in South Korea.

PUTRAJAYA: Malaysia and Singapore agreed to finalise the land swap decision within three months from yesterday.

This was announced in a joint statement by Prime Minister Datuk Seri Najib Razak and his Singapore counterpart Lee Hsien Loong after a delegation meeting at the Prime Minister’s office here.

KUALA LUMPUR: Asian investors now account for 49% of all investment purchases in central London, buying more than a fifth of central London's new properties, compared to only 36% purchased by UK investors, according to a new international investment report by Knight Frank on Tuesday, June 22.

KUALA LUMPUR: The Real Estate and Housing Developer’s Association (REHDA) Malaysia on Tuesday, June 22, elected Datuk Micheal Yam Kong Choy to be the President of the National Council Members for the 2010/ 2012 session.

Its Annual Delegates’ Conference was held on June 19, and was attended by 102 voting delegates from its branches nationwide.

KUALA LUMPUR: Berjaya Land Bhd's proposed joint-venture with Korea’s Jeju Free International City Development Center (JDC) to build the Themed Village project through a memorandum of agreement (MoA) is no longer effective.

KUALA LUMPUR: Atlan Holdings Bhd's first quarter net profit for the year ending Feb 28, 2011 (1QFY11) improved by 59.3% to RM24.2 million from RM15.2 million recorded a year earlier, underpinned by the improved performance in the duty-free and manufacturing segments.

KUALA LUMPUR: Zecon Bhd has secured a RM22.98 million contract for civil & structural, mechanical & electrical, as well as architectural works including supplies for buildings at the Bintulu compressor station, which is part of the Sabah-Sarawak gas pipeline project.

KUALA LUMPUR: Shanghai’s new home sales fell 23% to 65,000 sq m in the week that ended June 20, 2010 compared to the previous week, said property consultant Shanghai UWin Real Estate Information Services Co in an email statement on Tuesday, June 22.

BEIJING: The Fu river in Jiangxi province burst through a protective embankment late on Monday, and officials scrambled to plug the breach and move residents living near the Changkai dyke, Xinhua news agency said, citing local officials.