KUALA LUMPUR: Bandar Malaysia, a mixed development that is being undertaken by 1Malaysia Development Bhd (1MDB) on land situated in Sungai Besi, will begin with affordable houses expected to be launched in December.

SEOUL: More than 70% of residential areas in major South Korean cities are plagued by excessive daytime noise while an even higher rate of them suffered from noise pollution at night, a government survey showed on Tuesday, Oct 18.

SINGAPORE: The Singapore Urban Redevelopment Authority (URA) and Housing Development Board (HDB) will be releasing four residential sites for sale in October 2011. These sites will yield about 1,900 units in total, adding to the 13,825 units which have been launched under the Government Land Sales (GLS) Programme this year, said the URA on Monday, Oct 17.

SHANGHAI: InterContinental Hotels Group (IHG) has signed 12 contracts for its new China hotel brand with the first opening of the new brand expected in late 2012 or early 2013, its China head said on Tuesday, Oct 18.

SHANGHAI/HONG KONG: China Overseas Land & Investment Ltd, the country's property developer by market value, posted a 46.8% rise in nine-month operating profit, but said it is concerned about the impact of tightening measures on the industry.

BEIJING: Average housing inflation in 70 major Chinese cities dipped to 3.5% in September from a year earlier, down from August's 4.1%, according to Reuters calculations using official data published on Tuesday, Oct 18.

HONG KONG: Property group New World Development Co Ltd and its unit New World China Land Ltd plan to raise up to a total of US$2.15 billion (RM6.71 billion) via rights issues to fund development and investment of property projects and for working capital.

KUALA LUMPUR: Nadayu Properties Bhd, a medium-sized property developer, aims to achieve sales of at least RM300 million next year, on the back of its upcoming property launches in the Klang Valley, Selangor and Penang, said executive chairman Hamidon Abdullah.

GEORGE TOWN: The Penang government has decided to go back on a land reclamation deal with Boustead Holdings Bhd, which was part of a compensation mechanism for the latter, after it scaled down its Royale Bintang Hotel project in the heritage core zone.

Penang Chief Minister Lim Guan Eng said the state government will discuss the issue with Boustead to avoid a legal recourse.

JITRA: The Kubang Pasu District Council (MDKP) is expected to charge 500 owners of houses, business and factory premises in court for failing to pay quit rent.

Its Enforcement Division Head Zakariya Ahmad said more than 3,000 premises with arrears of more than RM1,000 have also been identified.