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Property prices in Shanghai tipped to drop

SHANGHAI: Shanghai's property prices may fall as much as 10 per cent this year as the government prepares to roll out tightening measures to cool the overheated market, according to consultancy Colliers International.

Policy adjustments on the supply of land and monetary tightening will weigh down the red-hot market amid mounting anger over soaring housing prices.

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Sunway City undertakes corporate exercise for multi-billion ringgit REIT

KUALA LUMPUR: Sunway City Bhd group is undertaking a corporate exercise to unlock the value of its properties which will see it injecting its shopping malls, office towers, hotels and hypermarket into its proposed multi-billion ringgit Sunway real estate investment trust (REIT) which will be listed on Bursa Malaysia.SunCity Group said on Wednesday, April 7 the proposed properties include the Su

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Land titles for 100,000 families in Selangor

KUALA KUBU BARU: Some 100,000 families in Selangor who have been occupying the state land for more than 15 years will soon receive their land titles, Menteri Besar Tan Sri Abdul Khalid Ibrahim said today (April 7).

He said the decision was made at the state executive council meeting today and the move would benefit squatter families and farmers occupying Temporary

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Hong Kong home prices seen as peaking out

HONG KONG: Lower than expected sales of apartments in Cheung Kong Festival City in Tai Wai have raised concerns that price gains in the primary market may be outstripping the budgets of homebuyers.

"It is a sign that prices are close to their peak," David Ng, head of regional property research at the Royal Bank of Scotland, said.

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China’s burial sites offer healthy returns

HONG KONG: Buying a burial plot may not be on the top of one's shopping list, but it can be a sound investment in China.

In areas near big cities such as Shanghai, where land is scarce, prices of burial plots have been rising about 10% per year over the past few years, according to Marcy Zhang, the managing director of Shanghai-based Crispins Property Investment Management.

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Reduce housing loan rates, says Cuepacs

KUALA LUMPUR: Cuepacs has urged the government to reduce the interest rate on housing loans from 4% to 2% in keeping with the market rates.

Its secretary-general, Ahmad Shah Mohd Zin, said many commercial banks were charging less than 4% and the government should also adjust the rates, which were first introduced in the early 70s.

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