BANGKOK: Torched by Thai anti-government protesters, Southeast Asia's second-biggest shopping complex will re-open its doors within six months, its president said on Friday, June 4, ending speculation it would be demolished.

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.

KUALA LUMPUR: Not a single square inch of land in the redevelopment of the Kampung Baru Malay settlement in the city will be sold to non-Malays, said Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin.

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.

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.

BEIJING: China has ordered developers to put more funds on deposit to pay tax on sales revenues, a move that will add pressure to their cash flows, domestic media reported on Friday.

KUALA LUMPUR: An increase of approximately US$40 per tonne was recorded in the MEPS – Asian All Products Composite steel price in May, with advances noted in flat and long categories.

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.

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.

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.