BANGKOK: Impiana Hotels, Resorts and Spas, which is part of the Impiana Group, has officially opened its six-star boutique resort Impiana Private Villas in Kata Noi, Phuket, Thailand.

Ko Shiou Hee began his career with Morphosis, then moved on to Kohn Pederson & Fox, followed by IM Pei in the US, before returning to Asia. He then spent two years in Tokyo as a design consultant.

BEIJING: The total outstanding loans from major financial institutions to China's property market climbed 40.2% as of end of June compared to one year earlier, said the People's Bank of China (PBoC).

Xinhua, quoting the central bank, reported that the figure was lower by 4.1 percentage points compared to the figure at the end of March.

KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB), stabilising manager for Sunway Real Estate Investment Trust (SunREIT), has purchased 150,000 units in the latter for 89 sen to 89.5 sen apiece, it announced on Bursa Malaysia on Monday, July 26.

The purchase was made in relation to the initial public offering of 1.65 million new units representing undivided interest in the REIT.

Amanah Raya REITs
Diversified portfolio anchors ARRB’s growth.

KUALA LUMPUR: Despite the hype about real estate investment trusts (REITs) and the listing of two mega REITs this month alone — Sunway Real Estate Investment Trust (SunREIT) and CapitaMalls Malaysia Trust (CMMT) — their performance on Bursa Malaysia so far has been unexciting.

KUALA LUMPUR: En route to a listing on the Main Market of Bursa Malaysia Securities soon, Tambun Indah Land Bhd (TILB) plans to undertake 12 property development projects in Penang with an estimated gross development value (GDV) of RM1.05 billion.

KUALA LUMPUR: Mudajaya Group Bhd share price fell when it resumed trade following a one-hour halt from 9am-10am on Monday, July 26.

At 10.28am, the stock fell seven sen to RM5.81 with 415,700 shares traded.

KUALA TERENGGANU: The Kuala Terengganu City Council Cooperative (Kosmat) is investing RM12 million in real estate in the state.

Mayor Datuk Adzlan Mohd Dagang said the move was to expand cooperative's economic activities.

Its first project was the development of 73 residential units on a 3.4-hectare site in Kampung Banggul Mempelam, Mukim Serada, near here, he told Bernama.

HONG KONG: A substantial rise in new housing supply in the first half of this year will do nothing to cool the red-hot property market, analysts say.

Transport and Housing Bureau statistics show that about 7,000 flats were completed in the first six months of the year, equivalent to 97% of the flats completed for the whole of 2009.