Mainland property investors pull back
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.
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Property Sector (AmResearch) - Sungai Buloh land main kicker for 10MP
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.
GBH poised to venture into property development
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.
HK tycoon sets sights on 1 Mont’ Kiara
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
#10MP* MBAM hopes for speedy implementation of projects
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.
#10MP* Industry players welcome plan to rationalise housing provisions
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).
#10MP* Implementation is key - analysts
KUALA LUMPUR: The government has to tread with caution in the implementation of the 10th Malaysia Plan (10MP), said investment analysts.
One analyst contacted believe that implementation of projects such as the development of governments lands in Kuala Lumpur will revitalize the city's property sector.
#10MP* Foreign investments crucial to 10MP - consultant
KUALA LUMPUR: Foreign investments will be crucial for the 10th Malaysia Plan (10MP) to succeed, said Kumar Tharmalingam, Chairman of real estate consultancy Hall Chadwick Asia Sdn Bhd.
Companies buy back shares on June 10
KUALA LUMPUR: Several companies bought back shares yesterday, as listed on Bursa Malaysia on June 10. Glomac Bhd bought back a total of 36,000 ordinary shares of RM1.26 each, purchased for RM46,453.54. Eastern & Oriental Bhd also did the same, buying a total of 275,000 shares for RM252,158.73.
