CHINA: The mainland property market will continue to grow, but at a slower pace, while developers which focus on the mass market will experience strongest growth, Moody's Investors Service said.
Its view, in a report released yesterday, echoed predictions by analysts that property prices will rise 5 to 10 per cent this year.
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) aims to increase by 20 per cent its total deposit by year-end from RM21.5 billion last year.
Chief Executive Officer Datuk Ahmad Zaini Othman said the company's liability programme would be strengthened with marked improvements in deposit level with total deposit from corporate and retail clients.
BANGKOK: Central Pattana Plc (CPN), a retail developer listed on the Stock Exchange of Thailand, has decided to proceed with two or three foreign projects that were previously on the waiting list over concerns it may lose opportunities arising from Asean economic integration.
The top three countries CPN is looking to invest in are Malaysia, Indonesia and Vietnam.
KUALA LUMPUR: A prime 1.16-acre (0.47ha) freehold tract on Jalan Sultan Ismail, believed to be owned by Dijaya Corp Bhd, is up for sale for RM3,500 psf. According to sources, the asking price of RM3,500 psf is on par with the price trend in the city centre.
KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) has completed the construction of a five-star floating hotel for delivery to the Sunborn Group of Finland.
KUALA LUMPUR: Quill Capita Trust (QCT) has obtained a commitment from a financial institution to refinance a RM117 million debt, which is expiring at the end of the third quarter in the financial year ending Dec 31.
KUALA LUMPUR: The massive 4,500-acre (1,800ha) Gerbang Nusajaya being developed by UEM Land Holdings Bhd will see more upcoming projects after two launches late last year.
KUALA LUMPUR: Kuala Lumpur City Centre Property Holdings Bhd (KLCCP) is focusing on the ongoing development of its prime assets, Lot D1 and Kompleks Dayabumi, according to CEO Hashim Wahir.
KUALA LUMPUR: The Nomad Group Bhd’s pre-tax profit for the first quarter ended March 31, surged to RM6.9 million from RM1 million in the previous corresponding period.
Revenue, however, fell to RM17.25 million from RM18.25 million.
KUALA LUMPUR: Mainstay Properties Sdn Bhd and US-based Horizon Group Properties announced on May 10 a joint-venture to develop The Outlet Shoppes in Sepang, within a 5km radius to Kuala Lumpur International Airport (KLIA).
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