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Property prices soar in China as new mortgages fall

KUALA LUMPUR: The price of China’s residential and commercial real estate in 70 cities rose 11.7% in March from a year earlier, according to foreign news reports that cited data from China’s National Bureau of Statistics leading to a fall in the number of new mortgages in one of the world’s largest economy.

YTL acquires resort in Hokkaido, Japan

KUALA LUMPUR: YTL Corp Bhd’s wholly-owned subsidiary, YTL Hotels & Properties Sdn Bhd has acquired Niseko Village (pictured), a winter and summer destination located in Hokkaido, Japan for ¥6 billion (RM224 million).

Perlis DPMM urges government to end VOP

KANGAR: The Malaysian Malay Chamber of Commerce (DPMM) Perlis Chapter has urged the government to stop the Variation of Price (VOP) implementation which it says is oppressive on contractors.

President Fauzi Hassan said that although VOP was implemented following a decrease in steel prices, the cost for other materials including cement and sand continued to increase.

NCR land excluded in plantation company's provisional lease

KUCHING: The Sarawak Land and Survey Department has clarified that all genuine native customary rights (NCR) land within the vicinity of Kampung Stenggang in Bau near here is excluded in the provisional lease (PL) issued to a plantation company.

Lim explains why Taiyo Resort got contract to manage BJCC

GEORGE TOWN: Island Golf Properties Bhd (IGP), a subsidiary of the state-owned Penang Development Corp (PDC), which operated the Bukit Jambul Country Club (BJCC), suffered heavy losses and barely made profits over the past few years, which prompted the state government to outsource the management and operations of the club.

Bet your house on it, or trek to top of a mountain

SYDNEY: Predicting future house prices is always a gamble, but for a bearish Australian academic who lost a bet that prices would crash, it also involves a trek to the country's highest mountain peak.