17th – 23rd May: Spotlight on 1MDB
HONG KONG: Hong Kong received an opening bid of HK$1.05 billion (RM448 million) on Monday, May 24, in an auction for a residential site, the second such sale since the government took steps to curb property speculation.
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.
BEIJING: China should be particularly cautious in introducing new tightening measures, as the global and domestic economies still face uncertainties, a state planning official said on Monday, May 24.
Hua Yang's HQ at Selayang, Selangor
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.
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.