HONG KONG: Hong Kong's banking watchdog has acted to head off a damaging mortgage price war by setting guidance floors on mortgage rates, and warning lenders of default risks in a property market correction.

HONG KONG: China replaced the United States as the world's largest commercial real estate investment market last year and is likely to retain that position as global money flows improve as the country's economy grows, according to a report by property consultancy Cushman & Wakefield.

KUALA LUMPUR: Residents in Kampung Kerinchi will be allowed to choose the developer they want to rebuild their old flats in line with the 1Malaysia concept, Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin said.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has appointed AmInvestment Bank Bhd as independent adviser in relation to the Employees Provident Fund Board's conditional takeover offer at RM1.50 per share.

BEIJING: Raffles Education Corporation Ltd, Asia Pacific's largest private education provider, plans to invest about RM200 million over the next five years to set up a full-fledged university in Iskandar Malaysia.

KUALA LUMPUR: CIMB Equities Research says the Employees Provident Fund Board’s conditional takeover offer for Malaysian Resources Corp Bhd at RM1.50 per share as fair price, although it is a 10% discount to its target price of RM1.66.

KUALA LUMPUR: The housing and local government ministry intends to come out with guidelines on the 'guarded community' housing estate concept. Minister Datuk Seri Kong Cho Ha said guarded community housing estates have been mushrooming, of late without proper guidelines.

PETALING JAYA: The Master Builders Association Malaysia (MBAM) launched a new web portal on March 3 called the MBAM Resource Centre for collation and exchange of data among the construction fraternity.

PETALING JAYA: The Master Builders Association of Malaysia (MBAM) expects steel prices to move up by 5% to 10% this year.

Its deputy president Kwan Foh Kwai said international steel prices have moved up last month at the same quantum.

KUALA LUMPUR: The Employees Provident Fund Board (EPF) has proposed a conditional take-over offer to Malaysian Resources Corp Bhd (MRCB) to acquire the remaining 66.22% stake in the construction firm.