KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&NHB) expects to gain RM21.98 million for the sale of 1.44 acres of partly developed land along Jalan Ampang here for RM53.8 million.

F&NHB said on Thursday, April 22 the freehold land is being disposed of to Star Residence Sdn Bhd.

KUALA LUMPUR: Mah Sing Group Bhd is buying a parcel of freehold commercial land on Jalan Ampang here for RM53.8 million (or RM857 psf) on which the developer is rolling out its new brand of mid to high-end serviced apartments and condominiums called the M Suites.

KUALA LUMPUR: Encorp Bhd, through Encorp Iskandar Development Sdn Bhd (EIDSB), has entered into a sales and purchase agreement with UEM Land to acquire a commercial tract in Puteri Harbour, Nusajaya for RM25.9 million.

KOTA BARU: The Kelantan government does not stop any quarter from implementing development projects in the state although its land enactment is strict and unique compared to other states.

BEIJING/HONG KONG: In a latest salvo aimed at its property market, China is getting ready to launch a real estate investment tool that will give investors an alternative to bricks and mortar, and move to cool a market where prices have risen at the fastest pace in five years.

HONG KONG: Shares in Hong Kong and China fell on Thursday, April 22 as government measures to cool surging home prices weighed on property and banking stocks.

HONG KONG: Shanghai property investor Bob Gu faces a dilemma. He is planning to sell some assets to take advantage of the current market peak and, later during the anticipated home price correction, buy a high-end property to upgrade his portfolio."But I am afraid my plan may not be working as it is not easy to re-enter the market, with banks starting to tighten lending.

BEIJING: China must tackle its property bubble for the sake of economic health and social stability, even if the market feels some short-term pain in the process, an official financial newspaper said on Thursday, April 22.