KUALA LUMPUR: Investors should continue to accumulate property stocks despite the heavy selldown since last week on news of the possibility of a change in housing loan calculations from gross to net pay, said CIMB Research.

KUALA LUMPUR: KLCC Property Holdings Bhd (KLCCP) expects to see an additional RM100 million a year in revenue from its Lot C development from the next financial year.

KUALA LUMPUR: A wholly-owned subsidiary of Kumpulan H&L High Tech Bhd (KHLB), H&L Properties Development Sdn Bhd (H&LPD), has entered into a joint venture (JV) to develop two plots of land in Kinta, Perak with a gross development value (GDV) of RM21 million.

PETALING JAYA: Sunway City Bhd (SunCity), which took home the award for the most profitable company with highest return on equity over three years in the property and REIT sectors from The Edge Billion Ringgit Club Gala Dinner 2011, is proud of its achievement.

KUALA LUMPUR: CapitaLand Ltd's wholly-owned serviced residence operator The Ascott Ltd (Ascott) will be opening the doors of its first property in India on Aug 1.

The Citadines Richmond Bangalore is a 96-unit serviced residence in Bangalore. Ascott has six other properties with more than 1,300 apartment units under development in India.

KUALA LUMPUR: The 3.56 acres (1.42 ha) of prime land next to the Sheraton Imperial hotel along Jalan Sultan Ismail will remain with UDA Holdings Bhd after it failed to get the green light from the Ministry of Finance (MoF) to sell the land to Nadayu Properties Bhd (formerly known as Mutiara Goodyear Development Bhd).

Property sector

KUALA LUMPUR: UDA Holdings Bhd is terminating the proposed sale of a piece of land in Jalan Sultan Ismail in the heart of Kuala Lumpur for RM215.50 million to Nadayu Properties Bhd.

Nadayu, formerly known as Mutiara Goodyear Development Bhd said on Wednesday, July 20 that its solicitors had received a letter from UDA about the unsuccessful land deal.

HONG KONG: Retail landlords have increased their marketing budgets and pinned their hopes on cartoon characters to get more shoppers into their malls in the expectation that consumer spending is set to rise.

HONG KONG: Hong Kong ranks as the most popular location for global businesses, with 68.2% of the world's major international companies having a presence in the city.