BEIJING: Home sales were mixed on the mainland over the May Day weekend, with Shenzhen and Guangzhou recording buying interest after developers offered big discounts, but demand in other cities remained low.

HONG KONG: Property developers cut back sharply on advertising budgets in the first quarter of the year — contrasting with a big rise in advertising spending in other sectors in the period.

HONG KONG: Demand for higher-quality homes is on the rise and has driven prices of luxury properties to their highest levels in history.

It's a trend correctly called by Nan Fung Development managing director Donald Choi Wun-hing, who positioned his company to ride the wave of upmarket demand.

KUALA LUMPUR: As multi-billion ringgit investments in Johor's Iskandar Malaysia take shape, property players and investors are increasingly positive that the Johor property market is poised for a golden era after a sluggish decade.

KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) posted a pre-tax profit of RM43.7 million and a revenue of RM82.3 million for the third quarter ended March 31, 2011.

In a filing with Bursa Malaysia on Tuesday, May 3, the company said it registered a gross revenue of RM240.1 million and a net property income of RM179 million for year-to-date ended March 31, 2011.

KUALA LUMPUR: The consensus view among economists on the overnight policy rate (OPR) is that it will stay put on Thursday, May 5 when the Monetary Policy Committee under Bank Negara Malaysia (BNM) meets, although it is expected to be restored gradually to the pre-crisis level within this year.

MAGNA Prima Bhd (RM0.775) is a niche property developer focused primarily on developing pocket-sized parcels of land. It targets at the mid to high-end segment. All of its commercial and residential projects are located in the Klang Valley.

Paramount Corp Bhd (May 3, RM5.66)

KUALA LUMPUR: Setia City Mall will see Urbanfresh — Malaysia's newest major retailer — opening its first outlet in Malaysia there, offering a new shopping experience for the residents of Setia Alam and Shah Alam to discover.

SHAH ALAM: Mainstay Development Sdn Bhd, the developer of the RM220 million space u8 mall in Bukit Jelutong township, welcomed five of its major tenants during its tenancy signing ceremony on Tuesday, May 3.