BEIJING (Feb 3): Beijing has banned low-income families who have purchased government-subsidised apartments from reselling them on the market, a practice that has long been criticised since the country's property boom began several years ago, officials said on Thursday.

DAVOS (Switzerland): Over half of all real estate investments are centred in 30 cities, and a quarter of the total investments is in five top-tier cities — London, Tokyo, New York, Hong Kong and Paris, according to Jones Lang La Salle’s “A New World of Cities” report.

IPOH: Andaman Property Management Sdn Bhd recently unveiled the fourth phase of its Taipan metropolitan shop office development in Ipoh, Perak, within the 1,600-acre (648ha) Bandar Meru Raya township. Dubbed Taipan City, the phase has a gross development value (GDV) of RM100 million.

PULAU BANDING: Emkay Group expects to complete the RM29 million Phase 2 of Belum Rainforest Resort by March next year, said chairman Tan Sri Mustapha Kamal.Located in Perak, it is part of the Pulau Banding eco-tourism project near the 130 million-year-old Belum-Temenggor rainforest which comprises four phases and will have an estimated gross development value (GDV) of RM639 million.Phase 2 will

KUALA LUMPUR: Sime Darby Bhd’s property arm Sime Darby Property Bhd had a good start to 2012 when it received two awards for outstanding achievement in the property development sector in Malaysia and Southeast Asia.The company received the Top 10 Developers Award at the BCI Asia Awards 2012 as well as the Prime Minister’s Hibiscus Award 2012 for Notable Achievement in the Environmental Excellen

WASHINGTON (Feb 2): President Barack Obama on Wednesday proposed a multi-billion-dollar package to help US homeowners refinance and stave off foreclosure, part of an election-year push that is likely to face an uphill battle by the Republican opposition in Congress.

LONDON (Feb 2): Shrinking bonus pools in London's City financial district will reduce bankers' clout in the British capital's buoyant prime housing market this year, with hedge fund managers set to outspend them for the first time, data from Savills showed.

KUALA LUMPUR (Feb 2): OSK Investment Bank Bhd says that although Bank Negara Malaysia (BNM) has the room to cut the overnight policy rate (OPR), it is more likely that a rate hike of 25 basis points to 3.25%, sometime in the second half of the year can be expected, as inflationary pressures build up.

GEORGE TOWN (Feb 2): The Penang Malays Association (Pemenang) plans to meet with professionals and historians to discuss the best approach to save Kampung Batu Uban.

KUALA LUMPUR (Feb 2): Cypark Resources Bhd has received an approval-in-principle letter from the government for the proposed development of a new sanitary landfill in Negeri Sembilan.