SHANGHAI: Property developer Shanghai Shimao Commercial Group, said on Thursday, June 10 it would scrap a 1.7 billion yuan (US$249 million) share placement plan due to government curbs on real estate.

KUALA LUMPUR: The "Little India" development project in Brickfields will not sideline the colonial, Chinese and other cultural heritage that has long existed in the area, said Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin.

TEMERLOH: The High Court has postponed to Aug 4 its judgement in a case where a farmer family claimed its land was given to another party through negligence of the authorities.

Judicial Commissioner Datuk Akhtar Tahir, who was to have delivered judgement on Wednesday June 9 set the new date in chambers.

KUALA LUMPUR:The Dewan Rakyat has passed the Stamp Duty Amendment Bill 2010, which among others enables transfer of non-standard properties to be expedited from 10 days to only two days.

KUALA LUMPUR: The government is mulling plans to build a new Parliament House in Putrajaya while the existing building will be repaired and maintained as a heritage building, said a Minister in the Prime Minister's Department, Datuk Seri Mohamed Nazri Abdul Aziz.

HONG KONG: Homebuyers shrugged aside the twin blow to confidence delivered by poor land auctions and a tumbling stock market to chase prices at the top end of the market sharply higher last month.

WELLINGTON: New Zealand house price growth fell in May, the first reversal in 14 months, as buyer confidence slipped on uncertainty over property tax and interest rates, government agency Quotable Value (QV) said on May 9.

KUALA LUMPUR: The government on June 9 gave an assurance that Kampung Baru will continue to be 100% owned by Bumiputeras and that plans for property development in the Malay settlement on a 60:40 ratio
(Bumiputeras/Non-Bumiputeras) was merely a proposal.
 

KUALA LUMPUR: The newly-formed Land Public Transport Commission has appointed Shahril Mokhtar as its chief operating officer, effective June 7.

In a statement today, the commision said that Shahril's appointment was for three years and that he would assume overall responsibility for the commission's operations and regulatory functions.

KUALA LUMPUR: Sarawak-based infrastructure and marine engineering specialist Hock Seng Lee Bhd (HSL), in consortium with Matrik Bestari Sdn Bhd received the go ahead to construct an access road linking Technology Park Samarahan to Tanjong Bako in Kuching, Sarawak from Public Works Department (JKR) at a contract sum of RM72.5 million. HSL has 90% share in the consortium.