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China to relax property tightening before year end, says JLL

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.

Hong Kong auctions land, price above forecasts

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.

New settlement for 218 families in Sandakan

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.

Suncity launches residential project with private forest park concept

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.

Hong Kong holds third land auction this year

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.

Semantan job positive for construction sector

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.