CHINA: While mainland property firms have enjoyed growth in sales and market capitalisation over the past few years, Deloitte China is less optimistic about the future.
The professional services firm cites pressures on profitability from slower growth, lower liquidity and surging gearing.
MALAYSIA'S Green Building Index (GBI) will be turning four this May. Launched on May 21, 2009, GBI has made some headway since then and is looking to extend its reach.Since its introduction, over 420 projects have applied for GBI certification, of which 125 have been certified.
THE retro-style building at 2 Havelock Road is a recognisable landmark for many who emerge from the tunnel of the Central Expressway just before entering the CBD. Although the building's façade has been refreshed, with interiors completely revamped and updated four years ago, the distinctive, tiered structure remains unchanged.
CONSTRUCTION outfit Binastra Group's entry into property development happened quite by chance, says Datuk Seri Michael Tan, the group CEO and executive director of the company's property development and investment division. He was approached to help revive an abandoned project and he decided to take it on.
PanaHome Malaysia Sdn Bhd, a company under Japan's PanaHome Corp (a subsidiary of Japan's Panasonic group), is poised to make its mark on the Malaysian property and construction scene.Recently, the company opened a first-of-its-kind PanaHome "eco ideas" showhouse in Malaysia, located in Jalan Ara in Bangsar, Kuala Lumpur.The 2 ½-storey building was constructed on a 11,000 sq ft piece of land, w
KUALA LUMPUR (April 17): There was no conflict between Paramount Corp Bhd and its former CEO Chan Say Yeong when the latter decided to resign from the property developer.
Executive deputy chairman Datuk Teo Chiang Quan said it was a mutual agreement between Chan and the firm.
"We wish him all the best," Teo said after Paramount's AGM today.
KUALA LUMPUR (April 17): Paramount Corp Bhd plans to acquire more land in the Klang Valley to expand the property developer's landbank, executive deputy chairman Datuk Teo Chiang Quan said.
Teo said Paramount's proposed land acquisitions will add on to the firm's 779 acres (312ha) of undeveloped tracts.
HONG KONG: Money lender Hitachi Capital (HK) is teaming up with mortgage broker mReferral to offer home loans of up to 95 per cent of the price of a flat, with the loan capped at HK$5 million (RM1.9 million).
The move comes after the Hong Kong Mortgage Corp's decision in February to tighten eligibility for payment protection insurance on home loans.
CHINA: Property sales on the mainland are expected to drop this month, given high activity in March and further tightening measures, according to property analysts.
The next catalyst for the housing market should come after the first week of May, according to Nomura - the three-day holiday starting on April 29.
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