News

Shanghai sees more record-breaking residential transactions

KUALA LUMPUR: The Shanghai real estate industry saw more record-breaking residential transactions in early March, according to Shanghai Business.

Quoting the latest data from China Real Estate Information Corp (CRIC), the Chinese media reported that Sunville in Sheshan, Shanghai, has transacted two villas at RMB247 million (RM120.2 million) on March 3.

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Australia home loans dive, belie strength elsewhere

SYDNEY: Australian home loans fell the most in nearly eight years in January, hit by the scaling back of government grants to buyers and higher mortgage rates, suggesting past increases in interest rates were starting to bite, according to a Reuters report on March 10.

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New regulatory framework for offshore firms in Dubai

DUBAI: Dubai’s Land Department is expected to announce a new regulatory framework for offshore companies investing in the country’s real estate freehold market, Gulf News reported on March 9.

This move is aimed at improving transparency. The department has since halted transactions of offshore companies due to lack of clarity for February.

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Hong Kong leads rebound in global office markets

HONG KONG: Thanks to ample liquidity and a helping hand from mainland financial institutions, Hong Kong's office market has recovered from the global financial crisis better than other main financial centres around the world, says property consultancy CB Richard Ellis (CBRE).

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Lye seeks injunction to block 2nd EGM called by Low

KUALA LUMPUR: A party linked to Ho Hup Construction Co Bhd’s deputy executive chairman Datuk Vincent Lye has filed for an injunction to block an extraordinary general meeting (EGM) scheduled for March 17, said a source.

The application for the injunction will be heard on Monday (March 15), two days before the meeting.

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