News

Hong Kong property prices may spur fresh measures

HONG KONG: Financial Secretary John Tsang Chun-wah warned last Friday that new measures would be rolled out to cool property prices if steps he introduced in the budget did not do the job.

The budget has been heavily criticised by lawmakers and members of the public for failing to address the difficulties many people face in buying a home.

READ MORE
News

China Vanke 4Q net up 35%, beats forecasts

HONG KONG: Fourth-quarter net profit at China Vanke, the country's largest listed property developer, rose 35%, beating forecasts, as residential sales picked up strongly.

China Vanke Co Ltd booked a net profit of 2.37 billion yuan (RM1.18 billion) for the October-December period, against 1.76 billion yuan a year earlier, according to Reuters calculations.

READ MORE
News

UK house prices up 0.4% on the year in February: Hometrack

LONDON: UK house prices were 0.4% higher than a year ago in February, marking the first annual rise since March 2008, a survey showed on March 1.

House market analysts at Hometrack said prices rose a non-seasonally adjusted 0.3% on the month but warned that the market did not appear poised for another boom.

Prices were 1% lower in January than the same month in 2009.

READ MORE
News

Maybank: KLCC Property – Buy

*In line

3QFY10 results bore no surprises with relatively flattish trend. We expect extensions of the Suria KLCC mall (phase 2) and Lot C office space, on track for completion in FY11 and FY12 respectively, to deliver 6-12% EPS growth. Buy, for its predictable earnings, iconic assets, and growth prospects. Our RNAV-based TP is RM3.60.

READ MORE
News

Why invest in… Shanghai

SHANGHAI: The investment market turned notably more active at the end of 2009 as investment sentiment improved on the back of ample liquidity, with domestic investors the major buyers.

READ MORE