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Now a good time for China property tax, says researcher

SHANGHAI: It would be feasible for China to launch a property tax in the near term because economic growth is sufficiently strong, a senior researcher with the Ministry of Finance said in remarks published on Friday.

Merge Housing leaps back to profit in 3Q

KUALA LUMPUR: Merge Housing Bhd posted a net profit of RM3.37 million in the third quarter ended February from a  net loss of RM8.21 million a year earlier, as revenue increased substantially due to extraordianary gains from a  land sale. Its bottom line was also helped by gains from the disposal of a subsidiary, and lower finance cost.

Equine sells Seri Kembangan land for RM19.6 million

KUALA LUMPUR: Equine Capital Bhd has sold its 6.04 acre leasehold commercial tract within Selangor's Seri  Kembangan enclave to Safetags Solution Sdn Bhd for RM19.6 million. Proceeds from the land sale will be used to finance the seller's working capital needs, and reduce debt.

Gadang swings back to profit in 3Q

KUALA LUMPUR: Builder and property developer Gadang Holdings Bhd's third quarter net profit rose in annual and quarterly terms, as the company raked in more income from its construction unit, and registered lower selling and marketing expenses, besides finance cost.

Malaysian contractors implemented 614 infrastructure projects overseas

KUALA LUMPUR: Malaysian contractors have carried out 614 infrastructure projects overseas up to last year with contracts worth RM85.2 billion.

"Of the number, 489 projects worth RM32.74 billion had been completed while 125 projects worth RM52.45 billion are under construction," Works deputy minister Datuk Yong Khoon Seng in Dewan Negara on Thursday April 29.

Green Hill Development launches Phase 2 of Greenhill Residence

SHAH ALAM: Green Hill Development Sdn Bhd is launching Phase 2 of its maiden development Greenhill Residence in Seksyen U10 Shah Alam this May 1 weekend.

Phase 1 featuring 60 semidee homes has already been fully taken up, said company director Tan Hong Lai at a media briefing on Thursday April 29.

Hua Yang to develop more luxury properties

KUALA LUMPUR: Hua Yang Bhd is going upmarket, with more luxury property projects in the pipeline in Malaysia  within the next five years.

The move is deemed crucial to achieve the company's annual real estate sales target of at least  RM500 million to position the firm among top developers in the country, Hua Yang chief operating officer Ho Wen Yan said.