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Hong Kong’s HOS flats a dilemma for market, government

HONG KONG: A family of seven spanning three generations lives like sardines, crammed into a 700 sq ft Home Ownership Scheme (HOS) flat in Shau Kei Wan. But despite the crowded living conditions, the Huang family has no plans to look for a bigger flat. The reason is simple: they cannot afford to.

No decision yet on Ho Hup EGM injunction bid

KUALA LUMPUR: The court will announce its decision today (March 16) on whether it could consider granting an injunction to block Ho Hup Construction Co Bhd’s EGM planned for tomorrow (March 17).

Zeti: Malaysia may raise rate further if needed

KUALA LUMPUR/TOKYO: Bank Negara Malaysia said it may increase interest rates further to avert asset bubbles and discourage risky investments by people seeking better returns, even as inflation will likely remain “modest” this year.

Housing real-estate recovery seen as Fed unwinds

BOSTON: The US housing market is poised to withstand the removal of government and US Federal Reserve stimulus programmes and rebound later in the year, contributing to annual economic growth for the first time since 2006.

Centro selling Queensland mall as investors quit fund

SYDNEY: Centro Properties Group, the Australian developer that posted a A$3.5 billion (RM10.6 billion) loss last year, is selling its Surfers Paradise mall after failing to attract investors to replace those withdrawing funds.

KPS acquiring Wisma SAP

KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd (KPS) has entered into a sales and purchase agreement with SAP Holdings Bhd, a wholly-owned subsidiary of Kumpulan Hartanah Selangor Bhd (KHSB), to acquire Wisma SAP for RM7 million on March 15.

Liberty in sale-leaseback of flasghip London store

LONDON: Upmarket British retailer Liberty is selling its distinctive mock Tudor department store building in London's West End for 41.5 million pounds ($62.9 million) to pay off debt, it said on Monday (March 15).

Bina Puri to acquire land for high-end residential development

KUALA LUMPUR: Bina Puri Norwest Sdn. Bhd, a member of Bina Puri Group of companies has entered into a sales and purchase agreement with Quill Buildings Sdn Bhd to acquire a piece of land measuring 145,658 sq ft land for RM11,652,692 on March 15.

CMP to launch RM1.5bil Lido Residences project

KUALA LUMPUR: Central Malaysian Properties Sdn Bhd (CMP) is expected to launch its Lido Residences project with gross development value of RM1.5 billion by the second half of this year.