SYDNEY: Australian new homes starts hit a six-year high last quarter thanks to stimulus spending on public housing, while work in the pipeline suggested the sector would help underpin the economy as a whole going forward.The lift in home supply could also take some heat out of house prices, a comfort to the Reserve Bank of Australia (RBA) which has been warning against a speculative bubble.

HONG KONG: Fashion retailers are increasing the size of their outlets in larger flagship stores in Hong Kong's premier shopping district, Causeway Bay, as they seek springboards into the mainland market, analysts say.

PETALING JAYA: Sunway REIT Management Sdn Bhd (SunREIT), which is on an investor roadshow currently, has told institutional investors that its dividend yield range would be between 6.8% and 7.5%.

HONG KONG: Prices of new homes in mainland cities continued declining last month as sales activity plunged, according to property consultant DTZ.

But the price drop was partly distorted by marketing strategies from developers who launched more new mass-market residential units, lowering the overall price level.

LONDON: Hong Kong and mainland investors are leading an Asian buying boom in London's property market.

About 5% of newly built homes sold in central London over a 12-month period to March were bought by Hong Kong and mainland buyers - the highest share taken in the market by any offshore investors, a report from estate agency Knight Frank shows.

Second job for the year in the bag

SYDNEY: Australian new homes starts hit a six-year high last quarter thanks to stimulus spending on public housing, while work in the pipeline suggested the sector would help underpin the economy as a whole going forward.

KUALA LUMPUR: Berjaya Land Bhd acquired a total of 19.4 million 0% 10-year irredeemable convertible unsecured loan stocks 2005/2015 (ICULS) of 50 sen nominal amount each in Berjaya Corporation Bhd (BCorp) for RM17.38 million.

KUALA LUMPUR: IJM Corporation Bhd on Tuesday, June 15, was awarded a RM349.98 million contract to build a second Penang bridge. 

PETALING JAYA: Sunway Real Estate Investment Trust (Sunway REIT) will emerge as Malaysia's largest when it is listed in July.

It's initial public offering (IPO) of 1.65 billion units at RM0.97 per unit, comprising an institutional and selected investors portion of 1.52 billion units and a retail portion of 134 million, will also make it the largest IPO on the local bourse to date.