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PNB may list property assets to boost returns

KUALA LUMPUR: Permodalan Nasional Bhd (PNB), Malaysia’s biggest state asset manager, said it is seeking ways to “maximise” returns on its newly merged property unit, including a possible initial share sale.

“We will have to look at what’s the best for us,” PNB CEO Tan Sri Hamad Kama Piah Che Othman told reporters here on Dec 14. “It’s a matter of opportunity,” he said.

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IMF: China’s property market has ‘strong’ fundamentals

HONG KONG: The property market in China has “strong fundamentals”, reducing the risks of an asset bubble building up in the world’s third-largest economy, a representative of the International Monetary Fund (IMF) said.

Real estate prices are “rising after a long slump”, Vivek Arora, the fund’s senior resident representative in China, said in an interview in Hong Kong on Dec 14.

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Four key property sectors in HK enter recovery stage

PETALING JAYA: Four key property sectors in Hong Kong – office, residential, industrial and retail property markets – have entered a recovery stage since 4Q2009, leading by this year’s sales market, managing director of Colliers International Hong Kong Richard Kirke said.

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