BEIJING (Nov 15): China's biggest commercial banks face systemic risks if a combination of credit, property, currency and yield curve shocks that could be withstood in isolation were to occur together, the International Monetary Fund (IMF) warned on Tuesday.

LONDON (Nov 15): Growth in UK commercial property values was flat in October at 0.0%, from 0.1% in September, with continuing uncertainty in the eurozone crisis weighing on investor sentiment, Investment Property Databank (IPD) said.

KUALA LUMPUR (Nov 15): The Penang government has proposed to undertake four road infrastructure projects worth up to a combined RM8 billion to reduce traffic congestion in the state. The move is deemed crucial to manage transportation needs of an expanding population there amid higher tourist arrivals, Chief Minister Lim Guan Eng said here on Monday at a media briefing.

KAJANG (Nov 14): Bangi Heights Development Sdn Bhd, a subsidiary of United Malayan Land Bhd (UM Land) will be launching the second phase of its Legundi Residensi series within the township of Bandar Seri Putra, Bangi soon.

KUALA LUMPUR (Nov 15): Property developer Malton Bhd has acquired a 56.05-acres parcel of land in Gombak, Selangor, for a total consideration of RM105 million (RM43 per sq ft) for a proposed residential development with an estimated gross development value (GDV) of RM500 million.

KUALA LUMPUR (Nov 15): Main Market-bound Pavilion Real Estate Investment Trust (Pavilion REIT), which has decided to list on Dec 7 in spite of market volatility, may take at least two more malls in the Klang Valley into its fold by 2015.

KUALA LUMPUR (Nov 14): Gleneagles Hospital under its parent company, Parkway Pantai Ltd, is set to open two more hospitals by 2014 in Malaysia at an approximate cost of RM700 million.

TOKYO (Nov 14): Japan's Mitsubishi Estate said on Monday it plans to sharply increase new investments in central Tokyo outside its core district of Maruouchi to about ¥100 billion (RM4.07 billion) over three years as it sees an improvement in the market.

KUALA LUMPUR (Nov 14): OCBC Bank (Malaysia) Bhd is offering a new mortgage loan facility to finance the purchase of residential properties in prime sections of Sydney and Melbourne in Australia.

KUALA LUMPUR (Nov 14): When S P Setia Bhd received the notice of takeover by Permodalan Nasional Bhd (PNB) over a month ago, Wong Chee Kooi was one of the first people the property firm's chief Tan Sri Liew Kee Sin called. Wong founded the property developer 37 years ago.