HONG KONG: Hong Kong's coming budget is expected to offer short-term handouts to residents to soften the sting of rapidly rising prices, and further moves to try to cool the booming property market.

The budget for the fiscal year beginning April 1, which Financial Secretary John Tsang will present to lawmakers on Wednesday, Feb 23, comes as Hong Kong enjoys strong growth.

KUALA LUMPUR: With the recent unveiling of the proposed alignment for the Sungai Buloh-Kajang Mass Rapid Transit (MRT) line, a clearer picture has emerged of the early big winners from the expected gains from key property projects along the public transport infrastructure.

REAL Estate Investment Trusts (REITs) have been becoming more popular in the global market. The global REIT market has experienced significant growth in the past 20 years, with an additional 20 countries adopting REIT legislation or equivalents.

KUALA LUMPUR: Dijaya Corp Bhd posted a net profit of RM36 million for its fourth quarter (4Q 2010) ended Dec 31, 2010, ending its financial year (FYE 2010) with a cumulative RM49.41 million.

Its net profit for FYE 2010 was lower than the RM59.46 million recorded in FYE 2009, said Dijaya on Monday, Feb 21 in a Bursa Malaysia announcement.

HONG KONG: Legend Holdings — parent of computer group Lenovo Group Ltd — and its property unit Raycom Real Estate aim to listing in Hong Kong and in China between 2014 and 2016, the South China Morning Post reported on Monday, Feb 21.

BEIJING: Several Chinese cities including Shanghai have followed Beijing in restricting purchases of multiple homes as the government keeps up its campaign to curb property speculation.

The hospitality industry in the Klang Valley looks set to grow further this year on the back of positive economic growth and a rise in tourism and travel in Malaysia.