BEIJING: China will stand down from its property tightening campaign before the end of this year because the economy has already started to cool and housing price rises have also slowed, Jones Lang LaSalle (JLL), a global real estate agency, said on Tuesday, June 8.

KOTA BARU: The township of Tunjong, which is being developed by the Kelantan state government, has received overwhelming response from investors who are keen to participate in its development.

HONG KONG: Hong Kong on Tuesday, June 8, auctioned a piece of land for HK$10.9 billion ($4.66 billion), beating expectations and fuelling concern that the island's property market could still face overheating despite government measures.

SANDAKAN: Two hundred and eighteen families in Sungai Batang, here, who do not own any land and are living on government land reserve will have their own home following the opening up of a new settlement in the area.

KUALA LUMPUR: Sunway City Bhd (SunCity), through its subsidiary Sunway Damansara Sdn Bhd, has launched a gated and guarded project, Sunway Rymba Hills in Sunway Damansara.

The low-density residential development project has a gross development value (GDV) of RM270 million.

KUALA LUMPUR: Builder Mudajaya Group Bhd is looking for more new profitable projects both locally and overseas, and has set a target to add at least RM1 billion a year to its order book.

HONG KONG: Hong Kong received on Tuesday, June 8 an opening bid of HK$6.8 billion (US$871.4 million) in its third land auction this year, after the selling prices of the previous two fell short of expectations.

Construction sector
Maintain overweight: The award of the Semantan intake and pumping station works is a positive indication that works are rolling in, albeit after a long wait of 13 months. We believe the award for other upstream packages will follow.