SYDNEY: Australian property firm Goodman Group and its unlisted fund, Goodman Hong Kong Logistics Fund, will develop a US$390 million (RM1.33 billion) warehouse and distribution project in Hong Kong, aiming for growth in China.

Goodman said on Dec 9 the project, located at Tsing Yi in Hong Kong's port district, will have 222,000 sq m of warehouse space.

SEOUL: South Korean banks' mortgage lending to households in November increased further on a rise in new home supply, central bank data showed on Dec 9.

Household mortgage loans rose by 1.6 trillion won (RM4.68 billion) in November from the previous month to 263.1 trillion won, the Bank of Korea said in a statement.

SYDNEY: A key measure of Australian consumer confidence slipped for a second month in December as rising interest rates soured sentiment for those with mortgages, even as the broad mood on the economy remained upbeat. The survey of 1,200 people by Westpac Bank and the Melbourne Institute released on Dec 9 showed its index of consumer sentiment dipped 3.8% to 113.8 in December.

KUALA LUMPUR: Genting Malaysia Bhd on Dec 8 entered into sale and purchase agreements with Genting Bhd to acquire Oakwood Sdn Bhd and Genting Highlands Tours and Promotions Sdn Bhd (GHTP) for a cash consideration of RM212.7 million and RM15.9 million respectively.

KUALA LUMPUR: TA Enterprise Bhd on Dec 8 posted a 54% year-on-year (y-o-y) drop in pre-tax profit to RM23.3 million for its third quarter ended Sept 31, 2009 (3Q2009), compared with RM51.2 million in the previous year’s corresponding period.

HONG KONG: Asia's property fund size will expand by more than 50% in the next two to three years to US$200 billion (RM678.6 billion), driven by demand from institutional investors from countries including China, industry executives said on Dec 8.

PETALING JAYA: The soil at the location of the Bukit Antarabangsa landslide, which occurred in December  2008, had shown signs of instability as early as January 2008.

SHAH ALAM: Parkson Corp Sdn Bhd will be taking up 120,000 sq ft of space at Setia City Mall in Setia Alam, Shah Alam.

Parkson is the sole department store and one of the key anchor retailers of the 700,000 sq ft retail development by S P Setia Bhd and Lend Lease Asian Retail Investment Fund 2 (ARIF).

SHAH ALAM: The Selangor State Development Corp (PKNS) is confident it can rake in RM55 million in sales from its latest medium/high-end project Ayuqaseh in Alam Nusantara, Setia Alam in Shah Alam.

MANAMA: Asian asset prices have risen sharply, which calls for vigilance, a senior official at the city state's monetary authority said on Dec 7.