China may launch real estate tax trial
BEIJING: China may launch a property tax trial in some cities later this year to stop speculation in the housing market, a property industry group said on May 19.
BEIJING: China may launch a property tax trial in some cities later this year to stop speculation in the housing market, a property industry group said on May 19.
HONG KONG: Driven by private investor and owner-occupiers, demand in sales and land led the Asia-Pacific industrial market over the period between October 2009 and March 2010, according to Colliers International's latest Asia-Pacific Industrial Market Overview.
HONG KONG: Industrial property markets in the region finally stabilised after the global financial crisis as keen investment demand drives notable growth in capital values, according to Colliers International's latest Asia-Pacific Industrial Market Overview.
Initiating Coverage - Sunway Holdings
Ripe for the Picking
KUALA LUMPUR: Several dromant subsidiaries of IGB Corporation will be undergoing a member’s voluntary iquidation exercise.
The subsidiaries are Ipoh Garden Shopping Complex Sdn Bhd, K Parking Sdn Bhd, Mid Valley City Residences Sdn Bhd, Express Management Consultants Sdn Bhd, Pinex Sdn Bhd, T-Bond Construction Sdn Bhd and Teamwork M&E Sdn Bhd.
KUALA LUMPUR: Paramount Corporation Bhd (PCB) has recorded a net profit of RM15.69 million for 1Q 2010, an increase from the previous corresponding quarter of RM8.99 million. Revenue for 1Q2010 was RM102. 3 million compared with the preceding year’s corresponding quarter of RM83.4 million.
KUALA LUMPUR: Datuk Ng Tiong Lip, better known as Datuk Jeffrey Ng, 53, has resigned as an executive director at Sunway City Bhd (SunCity) effective May 20, said a Bursa Malaysia announcement on the same day.
The former Managing Director of Asia Pacific Land Berhad was appointed to the Board of SunCity on March 3, 2008.
KUALA LUMPUR: LBI Capital Bhd (LBI), through its subsidiary Goldmount Resources Sdn Bhd (GRSB) has entered into a sales and purchase agreement on May 19 to acquire a 10.25-acre vacant leasehold land in Selangor from Sanjung Hemat Sdn Bhd and Permodalan Negeri Selangor Bhd for RM6.096 million.
KUALA LUMPUR: Equine Capital Bhd has recorded a net loss of RM25.84 million against in its first quarter ended March 31, 2010 against a net loss of RM20.41 million in the corresponding quarter in 2009.
Revenue in the quarter under review is RM25.3 million compared with the previous corresponding quarter's RM12.14 million.