THE growing affluence of the mainland Chinese and their love of real estate have been well-documented. High-net-worth mainland Chinese have been on a house-buying spree around the world, sometimes shocking the locals by snapping up luxury real estate with cold hard cash.

MANILA: The Philippine central bank sees no need to adopt new rules on real estate lending in spite of strong demand as the risk of asset bubbles forming is low, but it will continue to monitor banks’ exposure to the sector, governor Amando Tetangco said.

KUALA LUMPUR: Masterskill Education Group Bhd (MEGB) is set to gain RM14.3 million from the sale of 10 parcels of contiguous vacant freehold land to Layaran Pintas Sdn Bhd (LPSB) for a total RM59 million.

KUALA LUMPUR: The Employees Provident Fund (EPF) has shed some light on the deal to acquire a retail mall in Jalan Sultan Ismail for RM1.2 billion, saying that the purchase is subject to certain conditions.

PETALING JAYA: Bank Negara should seek feedback from industry players and stakeholders before implementing any measures to curb or ban the developer interest bearing scheme (DIBS), said Real Estate and Housing Developers Association Malaysia (Rehda) president Datuk Seri Michael Yam.

LONDON: Led by Hong Kong, average global house prices rose 6.6% in the year to March — the highest rate of growth since the second quarter of 2010 (2Q10), according to Knight Frank’s global house price index for 1Q13.

SINGAPORE: Singapore home prices climbed to a record in the second quarter as gains in suburban housing values accelerated, leading to new government measures on property loans at the end of last week.

SEPARATING reality from sentiment is often a challenge in commodity markets, and Australia’s government forecaster has made a solid effort to present a sober picture that’s at odds with the current gloom.

Teo Hock Chwee, managing director of structural steel fabricator TTJ Holdings Ltd, gestures towards a large steel structure being welded into shape by two workers as he strolls along one of the two work bays at his steel facility on Pioneer Road.

KUALA LUMPUR: Zelan Bhd announced that it had on June 27 disposed of 3,692,000 shares in IJM Corp Bhd through a direct business transaction off market deal at an average price of RM5.56 per share for RM20.46 million.

IJM is principally involved in construction, property development, manufacturing and quarrying, infrastructure concessions and plantations.