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Sunway woos REIT cornerstone investors

KUALA LUMPUR: Sunway City may place out about a fifth of its planned IPO of a real estate investment trust (REIT) to cornerstone investors who have greater holding power for the shares, sources with direct knowledge of the deal said.

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Hits on China’s housing market hurt small firms

HONG KONG: The shots that Beijing aimed at deflating a soaring property market are inflicting collateral damage.

Curtain maker Pan Wei, for one, is beginning to panic as he watches his pile of order slips thins. Along with thousands of business owners, Pan is feeling the pain of a slump in property sales.

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China property tax report is ‘unfounded’ says researcher

BEIJING: A report that China will not introduce a property tax during the next three years was incorrect, a senior government researcher said on Monday, May 24.

Chinese property shares soared 5% after a weekend report that Beijing would delay implementing a housing tax for at least three years, a tightening measure that analysts say would go a long way toward cooling the market.

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City & Country: An unpolished gem

Old Klang Road or Jalan Kelang Lama is one of the oldest thoroughfares in Kuala Lumpur. Completed by the government of the British Federated Malay States a century ago, the 11.2km road used to be the only trunk road linking Kuala Lumpur to Port Klang.Until a few years ago, traffic jams and flash floods were synonymous with Old Klang Road.

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