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Abu Dhabi’s real estate demand to rise in the next four years

ABU DHABI: Real estate demand in Abu Dhabi’s metropolitan area is expected to increase across all sectors over the next four years, according to Abu Dhabi Urban Planning Council’s (UPC) Abu Dhabi Real Estate Forecast Study, presented at Cityscape Abu Dhabi 2010.

Bolton completes acquisition of Prima Nova Harta Development

KUALA LUMPUR: Bolton Bhd announced on April 19 that through its wholly-owned subsidiary Majestic Focus Sdn Bhd, it has completed the acquisition of the remaining 500,000 ordinary shares of RM1 each in Prima Nova Harta Development Sdn Bhd for a total of RM28.04 million.

7 Days to grow hotel chain

KUALA LUMPUR: The operator of China’s second-largest budget hotel chain 7 Days Group Holdings Ltd plans to expand its portfolio in the country by at least fourfold within five years due to robust demand, the Shanghai Daily reported, quoting 7 Days chief executive officer Alex Zheng.

Hulu Selangor Orang Asli want land matters solved

HULU SELANGOR: Land, welfare, and life-style change. These are three issues raised by many traditional villages inhabited by Orang Asli in Hulu Selangor.

For example in Kampung Serigala, Sungai Selisik, the majority of 33 families are satisfied by government attention but they still want land matters solved.

China initiates new curbs on property speculation

KUALA LUMPUR: China’s central policymakers issued a notice on Saturday April 17 allowing banks to suspend credit home buyers intending to acquire their third home or more, the Shanghai Daily reported.

Kimlun Corp gets SC's nod for listing

KUALA LUMPUR: Kimlun Corp Bhd, a one-stop engineering and construction services provider, has received the Securities Commission's approval for its listing on the Main Market of Bursa Malaysia, expected in June.

Swire Properties sees US$550 mil 2010 profit

HONG KONG: Swire Pacific said it expects its property arm to report an underlying net profit of at least HK$4.2 billion (RM1.77 billion) this year as it prepares for the unit's US$3 billion (RM9.67 billion) initial public share offering.

Thai Amata says unrest hurting industrial land sales

BANGKOK: Amata Corp, Thailand's biggest seller of industrial land, said some Japanese clients had delayed signing land deals because of political unrest.

Bloody street clashes on April 10 left 25 people dead. Further trouble is in prospect after "red shirt" protesters threatened to march into a business district and troops were deployed in the area to stop them on Monday (April 19).