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Crash threatens to derail market

BEIJING: The deadly high-speed train accident in eastern China last Saturday could have a ripple effect through property markets in cities along the new railway lines if Beijing responds by scaling down or delaying investment in the network, according to analysts.

Beijing planned to spend 2.8 trillion yuan (RM1.28 trillion) on the network over five years, ending 2015.

Bargain hunters set their sights on Japan

HONG KONG: Four months after the devastating March 11 earthquake and tsunami in Japan, private equity investors from the mainland and the United States are hunting for discounted assets in the Japanese property market.

Canadian investors latch onto REIT stuff

TORONTO: Canada's resilient economy, rising rents and easy borrowing are fuelling a buying spree among real estate investment trusts (REITs), highlighted this week by the largest office property deal ever by a Canadian REIT.

Land, votes and progress at stake in India's property crunch

GREATER NOIDA (India): On the eastern fringes of teeming New Delhi, construction sites criss-cross vast tracts of cleared farmland in the city of Greater Noida as a stampede of developers rush to build cheaper, suburban apartments for India's swelling urban middle class.

PMSC gets jumpstart with Middlesex Uni MoU signing

IPOH: The Perak Medi Super Corridor (PMSC), an ambitious 1,170-acre project in Perak has received an encouraging start with the signing of a memorandum of understanding (MoU) between local healthcare company Mutiara Healthtech Sdn Bhd and UK's Middlesex University to set up a Middlesex University campus there.

Axis-REIT to acquire RM260m properties

KUALA LUMPUR: Real estate investment trust Axis-REIT is planning to acquire RM260 million worth of new properties to expand its investment portfolio.

"We are currently in acquisition mode and are looking to purchase RM260 million worth of properties so we are raising the funds to do that," said CEO Stewart LaBrooy.

Best Western Causeway Bay opens

HONG KONG: Best Western International, the world's largest hotel chain, has soft opened the Best Western Hotel Causeway Bay in Hong Kong. During the hotel's soft launch, all rooms offered are available at half off the normal rate.

Hua Yang eyes land in Sabah, Penang

KUALA LUMPUR: Having established a foothold in four states in Peninsular Malaysia, mid-sized property developer Hua Yang Bhd is on the lookout for land in Sabah and Penang to cement its position as a nationwide affordable home builder.

MoF to decide on UDA partner

KUALA LUMPUR: The Ministry of Finance (MoF) is soon due to make yet another crucial decision which could be a defining moment for UDA Holdings Bhd, which is caught between its own survival and its social responsibility to the bumiputera agenda.