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Mah Sing plans to issue RM325m bonds

KUALA LUMPUR: Mah Sing Group Bhd has proposed to issue up to RM325 million nominal value  seven-year redeemable convertible secured bonds which would be mainly to finance land acquisitions and working capital.

China must stick to property tightening -paper

BEIJING: China must maintain curbs on speculative housing demand as the benefits of the crackdown will outweigh the drawbacks, the People's Daily, the mouthpiece of the ruling Communist Party, said on Thursday, Sept 9.

Property surge defies Beijing's cooling efforts

HONG KONG: So much for cooling the market. China Vanke, the China's largest listed property developer, said it pulled in a record 11.9 billion yuan (RM5.45 billion) in sales last month.

Sales in Shenzhen soared by 84%, in Guangzhou they were up 56%, and there were steep rises in Shanghai (31%) and Beijijing (23%).

Decline in Aussie housing affordability relentless – REIA

ACT (Australian Capital Territory): The Real Estate Institute of Australia’s (REIA) Deposit Power Housing Affordability Report, which was released recently, showed a sixth consecutive quarterly decline in housing affordability in Australia.