BEIJING: Chinese regulators are making spot checks on whether banks are strictly complying with government curbs on mortgages for non-owner-occupied homes, state media reported on Tuesday, Sept 28.

Malaysian Resources Corporation (MRCB)
Graceful Ascent

Sunway City
Another Landbanking Effort

Acquiring land in Penang

HONG KONG: Henderson Land said it has sold a flat at its controversial 39 Conduit Road development in Mid-Levels West for HK$60,000 (RM23,904.11) per square foot.

That would make it the most expensive apartment in Hong Kong in terms of price per sq ft.

GUANGZHOU: Nine months ago, three of Guangdong's largest developers joined forces and stunned the real estate market by buying a huge site in Guangzhou at a government auction for a record 25.5 billion yuan (RM11.77 billion).

That was the most ever paid for a development site in the mainland's land sale history.

KUALA LUMPUR: Kimlun Corporation Bhd has secured a contract from of SP Setia Bhd to build two blocks of 25-storey apartments in Bandar Nusajaya, Johor.

Kimlun said on Monday, Sept 27 its unit Kimlun Sdn Bhd had on Sept 24 received the letter of award from Bukit Indah (Johor) Sdn Bhd, a unit of SP Setia.

KUALA LUMPUR: Plenitude Bhd is acquiring 20 parcels of freehold land in Balik Pulau, Penang, measuring about 56.63 acres for RM40.12 million (RM17.50 psf) to be developed as a mixed development.

KUALA LUMPUR: Sunway City Bhd (SunCity) is acquiring a parcel of freehold land in Penang for RM38.765 million, intended for a residential project.

SunCity via its subsidiary, Sunway City (Penang) Sdn Bhd entered into a sale and purchase agreement with Sungei Ara Holdings Sdn Bhd on Aug 4, 2010.

KUALA LUMPUR: Keladi Maju Bhd posted net profit of RM1.67 million for its second quarter (2Q) ended July 31, 2010 on the back of revenue of RM8.1 million.

For the same quarter a year ago, the company posted net profit of RM2.34 million and revenue of RM11.13 million.