NEW YORK: Simon Property Group Inc has been corresponding with bankrupt General Growth Properties Inc about revising its offer, sources close to the matter said on March 16.

HONG KONG: China is in the midst of “the greatest bubble in history”, said James Rickards, former general counsel of hedge fund Long-Term Capital Management LP.

HONG KONG: Investors should buy real-estate assets and funds that invest in property in the UK and Asia because a potential rebound in prices and economic growth will counter inflation risks, Aberdeen Asset Management Plc said.

Price: RM2.28

Target Price: RM2.79

Recommendation: BUY

HONG KONG: Moody's Investors Service says Singapore real estate investment trusts (S-REITs) are being weighed down by the modest recovery in the Singaporean economy and by the  strong supply of new properties coming on the market."Despite the operational resilience of most S-REITs in the last six months, we expect the fundamental prospects for the sector to remain challenging in the next 12 mon

HONG KONG: China Overseas Land & Investment said late on Wednesday (March 17) it planned to team with investors to set up a fund of US$250 million (RM827.6 million) to US$500 million for real estate investments or project development in China.

KUALA LUMPUR: Ho Hup Construction Bhd shareholders yesterday (March 17) voted out all the directors linked to deputy chairman Datuk Vincent Lye Ek Seang and replaced them with a group that effectively help the founding Low family back in control. But analysts say this may not be the end of the tussle and they expect more manoeuvrings including legal ones in the months ahead.

KUALA LUMPUR: TA Global Bhd (TAGB) recorded a net profit of RM22.51 million in its third quarter ended Jan 31, 2010 (3QFY10) on the back of RM80.56 million revenue.

There were no comparative figures in the preceding period corresponding quarter as this is the group's first year of preparing its quarterly financial report subsequent to its  listing on the Main Market on Nov 23, 2009.

KUALA LUMPUR: The resolutions to remove seven Ho Hup Construction Co Bh directors were approved at the EGM on Wednesday March 17.
The resolutions were carried through with 55.94% of the votes cast in favour of their removal.

PUTRAJAYA: Rural and Regional Development Minister Datuk Seri Shafie Apdal assured the Orang Asli community that the quantum proposed under their new land allocation scheme would be reviewed.

He said the new land policy for Orang Asli would be reviewed, including the proposed allocation of 2.4 ha per family, for cultivation and 0.1 ha to build their house.