PETALING JAYA: Mainland Chinese investors are the most influential buyers in the world’s prime new-build sector, favouring properties in Hong Kong, New York and London, according to Knight Frank’s Global Development Insight 3Q13.Investors from Singapore and Russia come in second and third place respectively, said Nicholas Holt, head of research for Asia-Pacific.

SEPANG: TH Properties Sdn Bhd’s latest two-storey semi-detached and bungalow residence, Pearl@Enstek has achieved 40% take-up since its launch on Nov 23.“Pearl@Enstek, a gated and guarded development offers an exclusive freehold and close-knit neighbourhood as it only has 35 units.

KUALA LUMPUR: Mixed development malls such as Sunway Pyramid may be better for the economy than single or stand-alone malls, according to the Malaysia Shopping Malls Association (PPK Malaysia).“With increasing land costs, we want to have more activities.

Eastern & Oriental Bhd
(Nov 27, RM1.92)

KUALA LUMPUR: The proposed hike in assessment rates in the city will be deferred indefinitely and the period for obtaining public feedback extended to March next year, Deputy Federal Territories Minister Datuk J Loga Bala Mohan announced yesterday.

The deadline for objections was earlier set for Dec 17 as the new assessment rates were due to come into effect on Jan 1.

KUALA LUMPUR: Opposition MPs questioned yesterday if there were elements of favouritism tinged with political consideration in approving allocations for 1Malaysia Maintenance Fund (TP1M) for low- and medium-cost flats.

Sim Tze Tzin (PKR-Bayan Baru) said there was a “disproportion” in the allocations of funds in favour of the Federal Territories.

KUALA LUMPUR: Kenanga Investment Bank Bhd (Kenanga IB), the independent adviser appointed by Mudajaya Group Bhd in relation to the proposed joint venture (JV) between Mulpha Land Bhd and MJC Development Sdn Bhd (MJC), said the JV is “fair” and “reasonable” and not detrimental to the interest of the minority shareholders.

KUALA LUMPUR: Debutant Titijaya Land Bhd did not fare as well as the last three IPOs as its shares failed to excite the investing public yesterday.

Opening at RM1.80, or 20% higher than its offer price of RM1.50, the shares reached as high as RM1.92 before ending the day at RM1.67, or 17 sen above its IPO price.

HONG KONG/SHANGHAI: Chinese property developers have dismissed claims by China Central Television (CCTV) that they owe massive sums in unpaid land taxes, pitting some of China’s most powerful businessmen against the influential state-owned broadcaster.

INDIA’s slowing economy has left its big cities with a glut of office space, pushing up vacancy rates, freezing development and prompting some builders to convert commercial projects into housing.