SHANGHAI: It will soon be the place where dreams come true, but at the moment Zhaohang village, on the outskirts of Shanghai, is where they are being crushed by the wrecker's ball.

What was a sleepy, semi-rural hamlet has been all but razed to make way for the city's Disney theme park, expected to be completed by 2014.

GEORGE TOWN: Penang Chief Minister Lim Guan Eng is on a three-day visit to Singapore from Tuesday, June 29 to attend the World Cities Summit 2010 at the invitation of the Singapore government.

The Summit brings together practitioners and policy-makers, together with leading experts in their field to identify innovative solutions to the most pressing challenges facing cities today.

PERTH: The real estate industry in Perth, Australia, is expected to be steady over the remainder of 2010, and Western Australia is expected to lead the nation’s economic growth from 2010 to 2014, according to CB Richard Ellis (CBRE)’s latest Global Marketview report for 2Q2010.

KUALA LUMPUR: MK Land Holdings Bhd, through its wholly owned subsidiary Medan Prestasi Sdn Bhd, sold 33.28 acres of leasehold lands for a sum of RM50.7 million to Pembinaan Tegas Megah Sdn Bhd, the Group announced on Bursa Malaysia on Monday, June 28.

KUALA LUMPUR: Gula Perak Bhd (GPB) entered into a Sales & Purchase agreement to sell The Dynasty Hotel in Kuala Lumpur, and The Empress in Sepang, Selangor for a sum of RM193.9 million to Time Glory Investment Ltd, it announced in a filing with Bursa Malaysia on Monday, June 28.

KUALA LUMPUR: Allegations that Malaysia sold away its railway land in Tanjung Pagar to Singapore are not true, the Dewan Rakyat was told on Monday, June 28.

Deputy Foreign Minister Datuk Richard Riot Jaem said KTM Berhad's (KTMB) land there was leased to the Federated Malay States by the Straits Settlement government for the purpose of rail services on Oct 25, 1918.

KUALA LUMPUR: Several property and real-estate development-based companies engaged in share buy-back exercises on Monday, June 28, according to separate filings to Bursa Malaysia.

Eastern & Oriental Bhd bought back one million ordinary stock units of RM1 each for RM 926,948.21, while Glomac Bhd bought back 23,700 ordinary shares of RM1.00 each for RM30,080.13.

KUALA LUMPUR: Property developer WCT Land Sdn Bhd, a wholly owned subsidiary of WCT Berhad, is scheduled to open its first hotel in Bandar Bukit Tinggi, Klang.

KUALA LUMPUR: A proposed disposal of freehold property by Ho Hup Construction Company Bhd was not carried out following a decision based on a poll carried out by shareholders at an extraordinary general meeting held on Monday, 28 June, 2010, according to a filing on Bursa Malaysia on the same day.

HONG KONG: New mortgage loans approved in Hong Kong in May rose by 34.3% from a year earlier and increased 0.1% in value terms from April, figures from the Hong Kong Monetary Authority (HKMA) showed.

New loans approved in May totalled HK$37.8 billion (RM15.6 billion), the HKMA said on Monday, June 28.