HANGZHOU (Nov 24): A poor take-up of public rental housing offers in several mainland cities has been blamed on remote locations, a questionable balloting system and less competitive rentals — all of which have combined to leave thousands of government-subsidised homes empty.

KUALA LUMPUR (Nov 24): SAAG Consolidated (M) Bhd's subsidiary, SAAG RR Infra Ltd, is in advanced negotiations with the main licensee for an affordable housing project in India.

In a filing to Bursa Malaysia on Wednesday, SAAG said the main licensee has the rights for the German technology to build 60,000 solar powered affordable homes per annum for the state of Tamil Nadu, India.

KUALA LUMPUR (Nov 24): Pavilion Real Estate Investment Trust (Pavilion REIT) is set to raise RM710.3 million from the sale of 26.33% of its total issued units at its initial public offering (IPO), with prices fixed at 90 sen apiece for institutions and at 88 sen for retail investors on Wednesday.

KUALA LUMPUR (Nov 23): KLCC Property Holdings Bhd (KLCCP) and the Qatari Investment Authority will build a new retail mall plus two towers next to the Petronas Twin Towers. The new development is set to expand the retail, office and hotel space in the KLCC development.

KUALA LUMPUR (Nov 23): Ambang Sehati Sdn Bhd, the major shareholder of Bandar Raya Developments Bhd (BRDB), is exploring the possibility of increasing its stake in the company, an exercise that may or may not result in a general offer for the rest of the shares it does not own.

KUALA LUMPUR (Nov 23): The mundane shopping mall operator KrisAssets Holdings Bhd came to life on Tuesday, rising by 40 sen to close at RM5, its highest in recent times.

KUALA LUMPUR/SINGAPORE (Nov 23): Moody's Investors Service has a stable outlook for Singapore Real Estate Investment Trusts (S-REITs) and they are in a stronger financial position then during the global financial crisis.

KUALA LUMPUR (Nov 22): Four out of five favourite holiday destinations for Malaysian travellers are Asian cities, according to Hotels.com's latest Hotel Price Index (HPI).

HONG KONG (Nov 22): PTiFund, a Shenzhen-based private equity startup backed by Hong Kong-listed developer Top Spring International Holdings Ltd, said it has closed the first round of financing on its debut fund, a 500 million yuan (RM250.08 million) product.

The company raised 25% of the total with the first close, which took place on Monday.

MELBOURNE (Nov 22): Australia's Centro Properties won investors' support on Tuesday for its restructuring plan to create a new A$3.4 billion (RM10.68 billion) listed property trust, thus avoiding collapse under a heavy debt load.