HONG KONG: The first shots have been fired in a property war on the mainland that has already slashed prices by almost a third and could see them halved by next year.

HONG KONG: Better sales of new homes last week amid improving sentiment did not translate to the secondary market, where sales, and sentiment among prospective homebuyers, continued to fall.

KOH SAMUI (Nov 2): Undaunted by the devastating floods inundating large regions of Thailand, developers will market a resort villa development on the Thai island of Koh Samui to wealthy Hong Kong buyers this weekend.

KUALA LUMPUR (Nov 3): Mah Sing Group Bhd is exploring a potential partnership with Thailand's Central Pattanna Pcl to develop a shopping mall within the former's Icon City project.

KUALA LUMPUR (Nov 2): Kuala Lumpur tops the list of favourite domestic tourist destinations, followed by Penang, Langkawi (Kedah), Port Dickson (Negeri Sembilan) and Sabah, according to global hotel specialist Hotels.com.

KUALA LUMPUR (Nov 2):  The government plans to sell more government-owned land in the country to the private sector to raise funds to finance the country's development.

Second Finance Minister Datuk Seri Ahmad Husni Mohamad Hanadzlah said on Wednesday the real estate assets included small plots of land of about  three to seven acres which the government did not plan to utilise.

KUALA LUMPUR (Nov 2): Kimlun Corp Bhd plans to venture into the property development with the proposed acquisition of 17.2 ha of agricultural land in Negeri Sembilan for RM27.36 million.

The company said on Wednesday its planned to build factories on the land, once it had received approval from the authorities for the conversion.

Malaysian Resources Corp Bhd (Nov 1: RM1.95)

KUALA LUMPUR (Nov 2): Sunway Real Estate Investment Trust (SunREIT) posted net profit of RM43.86 million in 1QFY11 ended Sept 30 on revenue of RM95.04 million.

PUTRAJAYA: International hotel operator Accor announced its plans to establish 10 new hotels in Malaysia as part of its robust expansion plan in the country.