KUALA LUMPUR: CapitaLand Ltd's wholly-owned serviced residence business unit The Ascott Ltd secured a new management contract in Cyberjaya to operate serviced residence Citadines D'Pulze Cyberjaya, it stated on Thursday, Feb 17.

HONG KONG: Hong Kong will offer four pieces of land for the development of private hospitals, with the first to go up for tender before the end of 2011, the city's health minister said.

BEIJING: Economists on Thursday, Feb 17 cautiously welcomed reforms of China's system for reporting property price data, saying the changes would improve on previous methods that severely underestimated inflation in the housing sector.

SINGAPORE: US casino operator Las Vegas Sands is seeking more land to expand its casino complex in Singapore due to strong demand for convention and exhibition space, founder and CEO Sheldon Adelson said on Thursday, Feb 17.

DUBLIN: A pledge by Ireland's main opposition parties to ban upward-only rent reviews on commercial leases has spooked overseas buyers and risks further inflating banks' losses, property investors said on Wednesday, Feb 16.

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) plans to develop a premium high-rise residential project with a gross development value (GDV) of RM300 million at Jalan Kia Peng.

The group had acquired the one-acre leasehold land parcel in the city centre on Jan 7, it said in a statement on Thursday, Feb 17.

KUALA LUMPUR: Tambun Indah Land Bhd acquired three property companies — Premcourt Development Sdn Bhd, Pridaman Sdn Bhd and Ikhtiar Bitara Sdn Bhd — in Penang for RM11.6 million, the group announced on Wednesday, Feb 16.

KUALA LUMPUR: Hunza Properties Bhd achieved an increase in revenue by 7% to RM63.7 million from RM59.3 million a year ago as reported in its 2Q financial statements ended Dec 31, 2010, the group announced on Wednesday, Feb 16.

However, net profit for the quarter under review dropped by 23% to RM10 million from RM13 million the previous year.

KUALA LUMPUR: Loss-making Zelan Bhd recorded negative revenue from its continuing operations in Indonesia totaling RM39.2 million in the third quarter ended Dec 31, 2010 and warned of more losses in the current fourth quarter.

KUALA LUMPUR: I&P Group Sdn Bhd's development of 156 units of apartments called 8 Petaling in Bandar Baru Sri Petaling, Selangor has attracted over 800 registrants to-date prior to its expected launch on March 26, 2011.