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Mayors to share experience to build liveable cities

SINGAPORE: Over 50 mayors and governors from cities around the world will attend the inaugural World Mayors' Forum here on June 30, to share the best practices and suggest solutions to build liveable cities and foster harmonious communities.

UK house prices fall for second month in May, says Halifax

LONDON: UK house prices fell for a second consecutive month in May, mortgage lender Halifax said on Friday, June 4, in a further sign the recent property market recovery is losing steam.

Halifax said house prices fell by 0.4% in May after April's 0.1% decline, wrongfooting analysts who had forecast a modest increase.

Amcorp Prima Realty launches Kenanga Woods

KUALA LUMPUR: Amcorp Prima Realty Sdn Bhd, a wholly-owned subsidiary of AMDB Bhd, has launched a low-density bungalow development in its Kayangan Heights development in Shah Alam.

Brunei aims for younger buyers

KUALA LUMPUR: The residential property sector in Brunei Darussalam is picking up, with banks targeting a new generation of buyers by providing easy access to credit while developers roll-out new projects aimed at a younger population.

New office supply to peak by 2011

LONDON: Office vacancy in Asia Pacific, which has been trending downwards in 1Q2010, are expected to rise again, mainly in emerging markets as construction reaches its peak between 2010 and 2011 before moderating in 2012, according to Jones Lang LaSalle (JLL)’s latest Global Market Perspective.

US pending home sales at six-month high

WASHINGTON: Pending home sales hit a six-month high in April, data showed on June 3, but falling demand for home loans pointed to ebbing activity in the vital housing market due to the expiration of a popular tax credit for buyers.

Paramount on track to sell Jerneh

PETALING JAYA: Paramount Corp Bhd is on track to dispose of its 20% stake in Jerneh Insurance Bhd pending approval from Bank Negara Malaysia (BNM), said its executive deputy chairman Datuk Teo Chiang Quan.