BEIJING: Chinese property prices in 70 cities rose 12.4% in May from a year earlier, down from a record 12.8% increase in the year to April, the National Bureau of Statistics reported on Thursday, June 10.

Property prices rose 0.2% month-on-month, compared with a 1.4% increase in April, the NBS said.

HONG KONG: Mainland house prices are expected to continue falling sharply in the coming months, analysts say.

The predictions come against a background of further measures expected from the central bank to curb the flow of credit to the market to contain demand and price growth.

PUTRAJAYA: A special committee will be formed to look into the possibility of having all building structures in government projects to be environment-friendly, said Energy, Green Technology and Water Minister Datuk
Seri Peter Chin Fah Kui.
 

KUALA LUMPUR: Talam Corporation Bhd will no longer be on the Practice Note 17 (PN17) list effective Thursday, June 10.

Talam told Bursa Malaysia Securities on Wednesday June 9 it had regularised its financial condition and that it "no longer triggers any of the criteria under Paragraph 2.1 of the PN17 of the Main Market Listing Requirements".

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.