Seventy percent of Zenith Residences sold
KUALA LUMPUR: Since its soft launch two months ago, Zenith Residences condominium in Kelana Jaya has achieved a 70% take-up rate.
Latest
Time to bloom (HwangDBS Research property sector update Oct 12, 2010)
Time to bloom
• Budget 2011 may not feature RPGT hike, LTV-cap already anticipated for third property onwards (minimal impact on sector)
• More positive newsflow on infrastructure and government land redevelopment projects
• Landlords of prime land with international development potential in KL will be biggest winners.
MGBC launches green building product directory and services
KUALA LUMPUR: The Malaysia Green Building Confederation (MGBC) on Wednesday, Oct 13, launched GreenPagesMalaysia, a green building products and services directory that serves to promote sustainable products and services to industry professionals and the general public.
HK chief says to increase land for housing
HONG KONG: Hong Kong Chief Executive Donald Tsang said on Wednesday, Oct 13 that Hong Kong will increase housing supply to try to cool the overheating property market.
"To ensure a healthy and stable property market in the next 10 years, on average, land needs to be made available annually for about 20,000 private residential flats," Tsang said in his annual policy speech.
Conditional green light for Bukit Damansara bungalow project
KUALA LUMPUR: The government has given a conditional green light for the hillslope luxury bungalow project in Bukit Damansara to proceed.
HK chief to deliver annual policy speech
HONG KONG: Hong Kong leader Donald Tsang is set to deliver his annual policy speech on Wednesday, Oct 13 at 0300 GMT, and will likely address the financial hub's overheating property market and growing offshore yuan trade.
China State Construction Corp 3Q sales up 20.4%
SHANGHAI: China State Construction Engineering Corp, the country's construction giant, said on Wednesday, Oct 13 its total sales in the first three quarters of 2010 rose 20.4% over a year-ago.
Home prices in major cities likely to fall 10%, says S&P
HONG KONG: Home prices in first-tier cities on the mainland are likely to fall by 10% over the next six to 12 months as Beijing moves to curb speculation and avoid a bubble, according to rating agency Standard & Poor's.
LBI Capital acquiring leasehold land for RM12.9m
KUALA LUMPUR: LBI Capital Bhd is acquiring 50% of a piece of commercial leasehold land in Shah Alam for RM12.9 million.
Mah Sing calls on govt to maintain tax relief on housing loans
KUALA LUMPUR: Mah Sing Group has called on the government to maintain the tax relief on interest up to RM10,00 per year incurred on housing loans.
This was initially announced for sale and purchase agreements executed between March 2009 and December 2010.
