BEIJING: China's first capsule hotel will be opened in Shanghai to attract many budget travellers with low prices, Xinhua news agency cited a Chinese newspaper's report Monday, Jan 10.

SHANGHAI/BEIJING: China is set to further clamp down on the country's buoyant housing market by imposing a long-debated property tax for the first time in the southwestern city of Chongqing, domestic media reported on Monday, Jan 10.

HONG KONG: Chinese developer Evergrande Real Estate Group Ltd set its contracted sales target for 2011 at 40% above its 2010 total contracted sales.

In a filing to the Hong Kong stock exchange on Monday, Jan 10, Evergrande said it had set a contracted sales target for 2011 of 70 billion yuan (RM32.39 billion), compared with total contracted sales of about 50.4 billion yuan for 2010.

Questions were raised when news leaked that Newfields Property Management Sdn Bhd (Newfields) was planning to develop a 52-acre tract located in Puchong South back in 2004. “People were sceptical, saying that the location was in the middle of nowhere.

For the past five years, Seni Nusantara Sdn Bhd has been building semi-detached homes in its maiden project, Kiara View. Now, the company is looking at including premium bungalow units in the fifth and final phase of the development in Mont’Kiara, Kuala Lumpur.

Malaysian Resources Corp Bhd (MRCB) is adding another jewel to its crown with Q Sentral at its land transport hub, KL Sentral.
The 42-storey office building is being built on the 1.85-acre Lot B by Cosy Bonanza Sdn Bhd, a joint venture between MRCB (65%) and Quill Sentral Sdn Bhd (35%).

Malaysian Resources Corp Bhd (MRCB) is adding another jewel to its crown with Q Sentral at its land transport hub, KL Sentral. The 42-storey office building is being built on the 1.85-acre Lot B by Cosy Bonanza Sdn Bhd, a joint venture between MRCB (65%) and Quill Sentral Sdn Bhd (35%).

For the past five years, Seni Nusantara Sdn Bhd has been building semi-detached homes in its maiden project, Kiara View.

Defying the critics

KUALA LUMPUR: VTI Vintage Bhd entered into a sales and purchase agreement with SW 2020 Sdn Bhd on Jan 5 to sell more then 5.5 acres of land in the district of Tuaran, Sabah for RM2.15 million, it announced on Friday, Jan 7.

The group said the proceeds of the disposal would help it settle outstanding banking facilities and reduce the group's gearing.