TOKYO: TPG Capital and Advantage Partners are among the bidders left in the competition to buy Anabuki Construction Inc, a Japanese apartment developer that failed last year with about US$1.6 billion (RM5.31 billion) in debt, two sources with knowledge of the deal said.

KUALA LUMPUR: The Housing and Local Government Ministry on May 24 asked the Selangor government to immediately investigate what could be irregularities in the allocation of low-cost flats by housing developers in the state.

Minister Datuk Kong Cho Ha said the ministry had not received any complaint from the public on the matter.

1QFY10 Results Review

WCT
Numbers Disappoint

Bakun provision not made in 1Q10

WCT Berhad
More jobs to come

KUALA LUMPUR: Sunway City may place out about a fifth of its planned IPO of a real estate investment trust (REIT) to cornerstone investors who have greater holding power for the shares, sources with direct knowledge of the deal said.

17th – 23rd May: Spotlight on 1MDB

HONG KONG: Hong Kong received an opening bid of HK$1.05 billion (RM448 million) on Monday, May 24, in an auction for a residential site, the second such sale since the government took steps to curb property speculation.

HONG KONG: The shots that Beijing aimed at deflating a soaring property market are inflicting collateral damage.

Curtain maker Pan Wei, for one, is beginning to panic as he watches his pile of order slips thins. Along with thousands of business owners, Pan is feeling the pain of a slump in property sales.

KUALA LUMPUR: Tan Chong Motor Holdings Bhd’s plan to shift its Segambut assembly plant operations to Shah Alam in 2013 will give rise to its first property development venture.