BEIJING: Railway authorities will pay up to 30 million yuan (RM14.09 million) in compensation after construction of a high-speed railway caused the earth to sink, damaging houses in parts of Guangzhou, capital city of southern China's Guangdong Province, Xinhua reports Monday (April 12).

Preferred construction pick

· Sunway City gained 21.8%

Construction sector
Maintain overweight: The federal government is studying a proposal to extend the new light rail transit (LRT) line between Kota Damansara and Cheras to Sungai Buloh and Kajang, according to reports.

George Kent (M) Bhd (G Kent) and its consortium partners appear to be in the driving seat for RM500 million worth of jobs under the Pahang-Selangor interstate raw water transfer project (IRWT), said TheEdge Weekly over the weekend.

BOAO, China: Commercial property developer SOHO China said it plans to increase its investments in 2010, but will be cautious in the face of domestic housing prices it believes are rocketing at unsustainable rates.

HONG KONG: The warnings about a bubble in mainland property prices continue to come in thick and fast.

On Friday, billionaire hedge fund manager George Soros - famed as the man who broke the Bank of England - declared "there is undoubtedly a bubble in real estate" in China that, he warned, could reverberate around the world if it burst.

HONG KONG: Hong Kong's powerful property tycoons exert considerable influence over the city, and there are signs that this sway is growing with positions they control on advisory and statutory bodies increasing threefold since the handover.

BOAO, CHINA: China's banks must report on the quality of their loan books by the end of June and take fresh steps to rein in risky lending to land developers, the chief banking regulator said.

Liu Mingkang, head of the China Banking Regulatory Commission, said he would send inspectors into the banks next quarter to root out loans that had been made illegally.

Though it aborted two property finance investments here last year, the Kuwait Finance House (KFH) group remains optimistic about Malaysia.KFH (Malaysia) Bhd (KFHMB) CEO Jamelah Jamaluddin tells City & Country the company will explore direct investments in Malaysian property by way of purchasing the assets or shares of a company.She did not disclose the amount the bank has allocated for dire