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China asset bubbles no longer a risk - economist

SINGAPORE: The asset bubble in China is no longer a major economic risk on the back of tightening policies, David Wong chief economist at Shui On Land was quoted as saying at the Cityscape Asia 2010’s  keynote session on the economic outlook for China.

Mulpha International 1Q profit up to RM49.15 million

KUALA LUMPUR: Mulpha International Bhd recorded a profit after tax of RM49.15 million and revenue of RM147.87 million for the first quarter ended March 31, 2010 compared with a loss of RM9.5 million and revenue of RM142.43 million in 1Q 2009.

China’s home prices expected to fall amid tightening measures

SHANGHAI: Downward pressure is expected on China’s soaring home prices should the Chinese government deepens tightening policies meant to curb investment and speculative demand, according to Colliers International latest Shanghai Research Bulletin.

China's REITs in final phase of approval

BEIJING: China's real estate investment trust (REITs) plan is now in the last lap of approval from the State Council.

"If everything proceeds as anticipated, the first batch of REITs may be launched in the second half of this year.
Only institutional buyers would be allowed to purchase the REITs initially," sources told China Daily on May 19. 

#Exclusive* 'Camelot' on the market at above RM10.5 million

KUALA LUMPUR: The 6-storey “Camelot” (pictured), the castle-like bungalow along Jalan Changkat Duta in Taman Duta, Kuala Lumpur has been on the market asking for between RM10.5 million and RM11.5 million since the end of last year.