LONDON: After three years of freefalling values, 2010 recovery hopes for the recession-scarred commercial property sector are hanging in the balance as global economic woes and refinancing troubles threaten to re-open old wounds.

KUALA LUMPUR: The Real Estate and Housing Developers' Association (REHDA) of Malaysia has set up a task force to address issues arising from Malaysia's adoption of the interpretation issued by the International Financial
Reporting Interpretations Committee (IFRIC) 15.

KUALA LUMPUR: Property developer, Rahsia Estates Sdn Bhd has forged a strategic partnership with Asian Finance Bank Bhd on Thursday, June 11 to market the former’s niche hospitality establishment in Langkawi, Rahsia Estates Resort Residences and Spa Langkawi, with a gross development value (GDV) of approximately RM250 million.

HONG KONG: Mainland investors in Hong Kong's luxury housing market are pulling back to lick their wounds after feeling the impact of recent mainland measures to tighten credit and cool property prices.

OVERWEIGHT

OVERWEIGHT

• Prime Minister, Najib Tun Razak unveiled 10MP yesterday, unveiling some plans that could provide further boost to the property sector. Nonetheless, there were no surprises as most of it has been mentioned previously.

Goh Ban Huat Bhd (GBH) aims to venture into property development in the next three to five years as it mulls over various types of developments for its 14.86 acre-land parcel in Segambut, said its director Thor Poh Seng.

A real estate fund management company affiliated with Hong Kong’s Cheung Kong Group, which is controlled by property tycoon and the world’s 14th richest man Li Ka-shing, is bidding for the second phase of the 1 Mont’ Kiara (1MK

KUALA LUMPUR: The Master Builders Association Malaysia is expected to benefit the most from the 10th Malaysia Plan (10MP) financial allocations in the next five years.

KUALA LUMPUR: Building and housing industry players welcomed the move by the government to rationalise and streamline the role of federal agencies involved in public housing under the 10th Malaysia Plan (10MP).