Bakun provision not made in 1Q10

WCT Berhad
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KUALA LUMPUR: Sunway City may place out about a fifth of its planned IPO of a real estate investment trust (REIT) to cornerstone investors who have greater holding power for the shares, sources with direct knowledge of the deal said.

17th – 23rd May: Spotlight on 1MDB

HONG KONG: Hong Kong received an opening bid of HK$1.05 billion (RM448 million) on Monday, May 24, in an auction for a residential site, the second such sale since the government took steps to curb property speculation.

HONG KONG: The shots that Beijing aimed at deflating a soaring property market are inflicting collateral damage.

Curtain maker Pan Wei, for one, is beginning to panic as he watches his pile of order slips thins. Along with thousands of business owners, Pan is feeling the pain of a slump in property sales.

KUALA LUMPUR: Tan Chong Motor Holdings Bhd’s plan to shift its Segambut assembly plant operations to Shah Alam in 2013 will give rise to its first property development venture.  

BEIJING: China should be particularly cautious in introducing new tightening measures, as the global and domestic economies still face uncertainties, a state planning official said on Monday, May 24.

Hua Yang's HQ at Selayang, Selangor

BEIJING: A report that China will not introduce a property tax during the next three years was incorrect, a senior government researcher said on Monday, May 24.

Chinese property shares soared 5% after a weekend report that Beijing would delay implementing a housing tax for at least three years, a tightening measure that analysts say would go a long way toward cooling the market.