SHANGHAI: New house prices rose moderately month on month in April in 57 out of 70 mainland cities despite government efforts to cool the residential property sector, although volumes fell.

KLANG: WCT Bhd is targeting RM300 million in property sales this year versus RM220 million in FY10 ended Dec 31, banking on its real estate investments in retail and hospitality assets to spur the company's earnings.

Meanwhile, the construction outfit had tendered for about RM10 billion worth of jobs, said its chairman Datuk Capt A Suffian.

PETALING JAYA: While oil and gas (O&G) companies are already identified as prime beneficiaries of the US$20 billion (RM60.8 billion) Refinery and Petrochemicals Integrated Development (RAPID) in Pengerang, Johor, a surprise winner arising from the project is Multi-Purpose Holdings Bhd (MPHB).

CHINA has hailed reconstruction efforts since a massive earthquake levelled parts of Sichuan province three years ago as a major victory, but a lack of jobs and crippling debts to pay for new homes are making life difficult for many.

KUALA LUMPUR: TPM College Sdn Bhd and leading applied research institute, Fraunhofer Germany, will jointly organise a two-day green building design workshop, beginning June 2, for players in the construction industry.

HONG KONG: Subway operator MTR Corp Ltd said it has entered into two project agreements with Hong Kong's government, of which the company will bear and finance construction costs totalling HK$17.78 billion (RM6.94 billion).

BEIJING: New home prices in China rose 4.3% in April from a year earlier, slowing from a rise of 5.2% in March, according to Reuters calculations from official data.

New home prices in Beijing rose 2.8% in April from a year earlier, down from a 4.9% annual rise in March, the National Bureau of Statistics said on Wednesday, May 18.

BEIJING: China's annual housing inflation slowed slightly in April with prices rising 4.3%, data showed on Wednesday, May 18, a further sign that forceful policy tightening is helping to cool exuberant price rises.

HONG KONG: Soaring property prices have made rural land sites increasingly expensive — and highly sought-after — as indigenous villagers and developers hold on to land or snap up additional sites so they can make big profits by building village houses, property agents say.

HONG KONG: A failed attempt to enter Hong Kong's brokerage market has not deterred US property agency Intero Real Estate Services from seeking a foothold in the city to sell local properties.

In February this year, the Califorinia-based property agency opened for business in an office in the International Finance Centre.