HONG KONG: The mainland property market is in danger of getting policy frostbite, such is the fervour with which  Beijing is introducing measures to cool overheated prices.

The latest initiative is a mooted freeze on real estate companies raising capital, in the hope they will stop  building bigger and higher apartment towers.

SYDNEY:  Australian house prices grew at their fastest annual pace in six years last quarter as demand for homes in ritzier suburbs proved resilient to rising interest rates, a private report showed on Thursday.

Fajarbaru Builder Group Bhd

Highlights:

KUALA LUMPUR: UEM Land Holdings Bhd is proposing to dispose its entire 20% equity interest in Touch `N Go Sdn Bhd (TnG) to PLUS Expressways Bhd for RM33.406 million.

The proposed disposal is expected to result in a net gain of RM26.4 million, it said in a filing with Bursa Malaysia today (April 28).

ALOR SETAR: Alor Setar city will get a facelift by 2012 with the completion of Plaza Tunku Yaacob, a four-star hotel and condominiums.

Kedah Menteri Besar Datuk Seri Azizan Abdul Razak said the buildings would become new landmarks for the city under a new concept to attract tourists to the state.

KUALA LUMPUR: The ongoing tender of foreclosed properties under Pengurusan Danaharta Nasional Bhd (Danaharta) has received overwhelming response, according to Prokhas Sdn Bhd.

PETALING JAYA: Sunway Holdings Bhd has entered into a sale and purchase agreement with Taman Equine Riding Sdn Bhd to purchase a 33.37 acre plot of land in the vicinity of Taman Equine in Subang Jaya, Selangor, via the former’s wholly-owned property development subsidiary, SunwayMas Sdn Bhd, for RM37.793 million.

PETALING JAYA: Fajarbaru Builder Group Bhd’s net profit rose 23.4% to RM6.553 million in its third quarter ended March 31, 2010 (3Q2010), from RM5.311 million in the same period last year.

Revenue for 3Q2010 jumped 26% to RM43.448 million from RM34.478 million recorded in the same quarter last year.

JOHOR BAHRU: Residents in eight squatter settlements along the banks of Sungai Tebrau will be offered affordable flat units with better amenities under the squatter resettlement programme.

According to the Media and Communications Unit (Medkom) of the Johor Menteri Besar's Office, the programme costing RM303 million was among the biggest in Johor currently.

KUALA LUMPUR: Malaysia will be holding its first carbon-neutral conference next week.

The conference on Sustainable Buildings South-East Asia (SB10SEA), which is taking place at the Kuala Lumpur Convention Centre from May 4 to 6, 2010, is the first carbon-neutral event to be held in the country and is organised under the auspices of the UN.