PENANG: Residents of Kampung Tanjong Tokong here want to send a memorandum to Prime Minister Datuk Seri Najib Tun Razak requesting federal government aid of RM300 million to redevelop the traditional village which is more than 250 years old.

BEIJING: China has no plans to launch a new round of property market tightening in in the third quarter, a senior official said in remarks published on Wednesday, July 7, refuting earlier media reports.

KUALA LUMPUR: Total investment in China’s real estate was up by 38.2% year-on-year (y-o-y) from January to May 2010, reaching a total of 1.39 trillion yuan (RM657 million) according to China’s National Bureau of Statistics.

ANALYSTS expect property prices in China's major cities will start to fall next month, weighed down by an increase in the supply of new flats.

CHINA homebuyers have started to arrive in Paris, joining Hong Kong and Singaporean investors buying in the French capital's city centre, estate agency Knight Frank says.

NEW home sales in Shanghai dropped 34% in the first half to the lowest level in five years as government measures to cool the property market had their desired effect.

SMALL flats in Sha Tin are expected to become the first residential units in the city to begin achieving prices that exceed their previous peak levels in 1997, according to property agents.

THE first residential project marketed under controversial new guidelines issued by the government has defied the worst fears expressed by developers that the changes would significantly increase their costs and reduce sales.

More than 500 units in the 964-unit project The Hermitage, in Tai Kok Tsui, were sold within a week of its launch last month under the new rules.

KUALA LUMPUR: The Al-‘Aqar KPJ REIT completed the acquisition of several medical facilities and hotels around Malaysia for RM383.4 million on the same day as its filing with Bursa Malaysia on Tuesday, July 6.