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Kenedix to set up US$110 mln Japan property fund

TOKYO: Japanese real estate asset manager Kenedix Inc said on Tuesday May 25 that it plans to launch a 10 billion yen (US$110.8 million) private fund to invest in Japanese office and commercial buildings, in the latest sign that the country's property market is picking up.

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Sands China awards US$120m deal to builders for Macau resort

HONG KONG: Sands China, the Macau unit of US casino operator Las Vegas Sands has awarded contracts worth more than 1 billion patacas (US$120 million) to Macau contractors for its planned mega-resort on Macau's Cotai Strip, saying construction of the troubled project has resumed.

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AP Land posts loss of RM3.3 million

KUALA LUMPUR: Asia Pacific Land Bhd (AP Land) posted revenue of RM15.6 million and loss before tax of RM3.3 million in 1Q2010, compared with revenue of RM46 million and loss of RM2.08 million in 4Q2009.

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