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.

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%).

KUALA LUMOUR: Quek Cham Hong has been redesignated as a non-executive director of Dijaya Corporation Bhd, the group announced on Bursa Malaysia on Wednesday, Sept 8.

KUALA LUMPUR: Resident associations may set up guarded neighbourhoods if a minimum of 51% of residents agree, said Housing and Local Government Minister Datuk Chor Chee Heung.

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.

KUALA LUMPUR: The family of a veterinarian who was killed during a landslide at Taman Bukit Mewah, Bukit Antarabangsa in Ampang, two years ago, has filed a negligence suit amounting to RM1.73 million against the developer of the housing area and a water supply company.

KUALA LUMPUR: There is an increasing trend of foreign construction workers undertaking small-scale construction and renovation works - this is posing a serious threat to the livelihood of legitimate local contractors as they often charge lower price, says Master Builders Association Malaysia (MBAM).