KUALA LUMPUR: AmFIRST Real Estate Investment Trust’s (AmFIRST REIT) net profit for the financial year ended March 31, 2010 rose 11.6% to RM41.9 million from RM37.5 million before.
HONG KONG: Government proposals to curb speculation and cool the property market were criticised on April 22 as inadequate to curb developers' marketing ploys. Critics called for a legally binding policy to regulate flat sales instead of the voluntary guidelines proposed.
ABU DHABI: The recently-concluded Cityscape Abu Dhabi continued to play its role as a strategic platform to exhibit the viability of real estate markets in the Middle East.
This was despite gloomy predictions ahead of the event amid air travel disruptions due to Iceland's volcano eruption.
KUALA LUMPUR: China's 12 listed banks disbursed a combined 5.28 trillion yuan to real estate developers and individual house buyers last year, accounting for 24.3% of the 21.77 trillion yuan dished out by these lenders during the year, China Daily reported.