Hang Seng to locate HQ in Lujiazui, Shanghai; Metro Group to open first MediaMarkt in Huaihai
KUALA LUMPUR: Hang Seng Bank (China) Ltd is buying is buying office and retail space in the Lujiazui area of in Pudong, Shanghai to house its local HQ.
China set to be biggest luxury goods market in five years
KUALA LUMPUR: China will be the world's biggest market for luxury goods in five years, according to a paper released by the Chinese Academy of Social Sciences, the ShanghaiDaily.com reported on May 20.
Longfor Group brought into MSCI China Index
KUALA LUMPUR: Longfor Group announced that the firm has been brought into MSCI China Index, which will come into effect on May 26, the Sina daily announced on May 21.
The Longfor Group is the 8th property unit brought into the index. The other seven include China Resources, Sino-Ocean Land, Shimao Property, and SOHO China.
China may launch real estate tax trial
BEIJING: China may launch a property tax trial in some cities later this year to stop speculation in the housing market, a property industry group said on May 19.
Sales, land demand lead Asia-Pacific industrial market
HONG KONG: Driven by private investor and owner-occupiers, demand in sales and land led the Asia-Pacific industrial market over the period between October 2009 and March 2010, according to Colliers International's latest Asia-Pacific Industrial Market Overview.
Investment demand in Asia-Pacific industrial market drives growth in capital values
HONG KONG: Industrial property markets in the region finally stabilised after the global financial crisis as keen investment demand drives notable growth in capital values, according to Colliers International's latest Asia-Pacific Industrial Market Overview.
Sunway (OSK Research); Buy, target price RM1.96
Initiating Coverage - Sunway Holdings
Ripe for the Picking
IGB liquidates dormant subsidiaries
KUALA LUMPUR: Several dromant subsidiaries of IGB Corporation will be undergoing a member’s voluntary iquidation exercise.
The subsidiaries are Ipoh Garden Shopping Complex Sdn Bhd, K Parking Sdn Bhd, Mid Valley City Residences Sdn Bhd, Express Management Consultants Sdn Bhd, Pinex Sdn Bhd, T-Bond Construction Sdn Bhd and Teamwork M&E Sdn Bhd.
Paramount Corp's net profit improves to RM15.69 million in 1Q 2010
KUALA LUMPUR: Paramount Corporation Bhd (PCB) has recorded a net profit of RM15.69 million for 1Q 2010, an increase from the previous corresponding quarter of RM8.99 million. Revenue for 1Q2010 was RM102. 3 million compared with the preceding year’s corresponding quarter of RM83.4 million.
