KUALA LUMPUR: UK home prices are expected to rise 1% per annum this year and next year, Cluttons Research said in its May 2010 residential property forecasts report.

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.

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.

BEIJING: The Zhejiang Province government has imposed new regulations on downpayments for buying property sector in line with the cen

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. 

MUKAH (Sarawak): Twenty-three houses built on a road reserve along the Mukah-Matadeng Road here have been demolished by the Mukah Land and Survey Department.

Property

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.

Diversified infrastructure proxy

• No surprises expected for 4QFYMar10, 1Q11 last quarter with low margins

• Low-margin legacy projects completing, confident of RM2bn new orders ex-India

• BUY, SOP-derived TP of RM6.00

KUALA LUMPUR: Kumpulan Europlus (KEuro) disposed of 110 million Talam Corp shares on May 17, reducing its shareholding to 24.11% .

A filing with Bursa Malaysia showed KEuro sold 90 million shares at 13 sen each and 20 million shares at 13.5 sen apiece on the same day.