HONG KONG: Cashed-up mainlanders snapped up almost one in five luxury flats sold in Hong Kong last year, a sign of their growing economic might in the city.

HONG KONG: Hopewell Holdings and its highway construction unit plan to invest nearly HK$12 billion in the next six years in Hong Kong and Guangdong to develop residential and commercial projects and build expressways.

PAPAR (Sabah): Padi fields and other areas suitable for padi planting, including idle land, should not be used for other development purposes, Deputy Chief Minister Datuk Yahya Hussin said.

PETALING JAYA: The latest launch of the remaining towers of Selangor Dredging Berhad’s (SDB) Five Stones condominium development in Petaling Jaya is seeing brisk sales.

At the launch of Block D & E on January 16 the 25-storey 50-unit Block D was 92% taken up while slightly more than half of the 36-storey, 142-unit Block E was sold, said the developer.

SYDNEY: Australia's construction industry rebounded strongly in January, a survey showed on Friday Feb 5, posting its best performance in two years as home building boomed and the commercial and engineering sectors enjoyed healthy growth.

KUALA LUMPUR: Property services company, Colliers International has been ranked on Jan 28, 2010 by the China Real Estate Developers Association (CREDA) as one of the top 10 development consultants in China ’s real estate industry in 2009.

KUALA LUMPUR: Main board-listed Sunway Holdings Bhd said it has received the approval from the Companies Commission of Malaysia (CCM) to dissolve its dormant 82.5%-owned subsidiary, Sunway Property Sdn Bhd.

KUALA LUMPUR: Main board-listed property company, Mahajaya Bhd said the company's wholly owned sub-subsidiary, Medan Damai Sdn Bhd revoked and rescinded a sales and purchase agreement (SPA) to sell a unit of a 3-storey shop office property located in Petaling Jaya to Pluto Heights Sdn Bhd, Teguh Menarik Sdn Bhd and Rancangan Impian Sdn Bhd.

KUALA LUMPUR: Mudajaya Group Bhd and its joint-venture partner Bina Rezeki have secured a RM241.29 million project to design and build the Boulevard Plaza Development at Lot 3C7, Putrajaya.

Mudajaya said on Feb 4 the JV had received the letter of acceptance from Boulevard Plaza Sdn Bhd, the owner of the project.

SINGAPORE: Resorts World Sentosa, the Genting Group's latest and largest family destination in Singapore, expects 13 million visitors in its first year of operations.

The resort, spanning over 49ha on Sentosa Island, is built at a cost S$6.45 billion (RM15.6 billion), and is Genting Group's most expensive, most exquisite and ambitious project.