BEIJING: China should take further decisive action to cool its housing market, Vice Premier Li Keqiang was quoted as saying, underscoring difficulties faced by the government in taming property prices.

In remarks published by Xinhua late on Feb 24, Li said China's government needs to effectively curb speculative buying of homes while raising the supply of affordable housing.

HONG KONG: Secretary for Development Carrie Lam Cheng Yuet-ngor said on Feb 24 that land would be made available next year that could realistically yield about 35,400 flats.

KUALA LUMPUR: PJ Development Holdings Bhd's pre-tax profit for the second quarter ended Dec 31, 2010 rose to RM21.9 million from RM20.8 million in the same quarter in 2009. Its revenue, however, fell to RM145.8 million from RM173 million previously.

KUALA LUMPUR: YTL Corporation Bhd’s net profit after taxation and non-controlling interests rose 4.6% to RM443.1 million (US$145.3 million) in the first half ended Dec 31, 2010 from RM423.7 million
(US$138.9 million) a year ago, underpinned by the key utilities and
cement divisions.

KUALA LUMPUR: Land & General Bhd recorded a net profit of RM7.39 million for its third quarter (3Q 2010) ended December 31, 2010 (3Q 2010), up from the RM5.38 million posted a year ago.