WASHINGTON: Sales of previously owned US homes rose in October at a faster-than-expected pace to the highest in more than 2 1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed on Nov 23.

HONG KONG: Hang Lung Properties Ltd, the Hong Kong developer spending US$5.2 billion (RM17.62 billion) building offices and malls in China, will focus on land already bought and refrain from further “sexy” acquisitions, chairman Ronnie Chan said.

NEW YORK: Commercial real estate prices may fall as much as 55% from October 2007’s peak and the recovery will be slow amid rising unemployment and tepid consumer spending, Moody’s Investors Service said.

PETALING JAYA: Angkasa Indah Sdn Bhd has entered into a conditional Sale and Purchase Agreement with Perniagaan Sanjung Sdn Bhd for a piece of leasehold land.

The over nine-acre piece of land, situated in Pekan Penaga, Selangor, was sold at an agreed price of RM56 million, said the Bursa Malaysia announcement on Nov 23.

PETALING JAYA: KrisAssets Holdings Bhd has revalued Mid Valley Megamall, which carries a market value of RM1.77 billion as of Sept 30, 2009, according to a Bursa Malaysia announcement on Nov 23.

KUALA LUMPUR: Shares of newly-listed TA Global Bhd closed at 47.5 sen on the stock's initial trading day on Nov 23, down 2.5 sen or 5% from its issue price of 50 sen.

KUALA LUMPUR: Boustead Holdings Bhd's third quarter (3Q) net profit fell 47.5% year-on-year, dragged down by lower income from its plantation, heavy industries, real estate and hotel operations.

 SHAH ALAM: The Selangor state government’s move to release the Bukit Antarabangsa landslide report has to be withdrawn as its declassification needs the Works Minister’s approval.

KUALA LUMPUR: The Chartered Institute of Building (CIOB), together with the Master Builders Association Malaysia (MBAM) and four institutions of higher learning, are jointly organising the International Construction Conference 2009 (ICC 2009) at the Putra World Trade Centre here on Dec 2.

The institutions of higher learning are Universiti Technology Mara

PENANG: Chief Minister Lim Guan Eng was again taken to task for playing a fact-twisting and blame-shifting game on the conversion of a 1.4ha plot adjacent to the Eastern and Oriental (E&O) Hotel in Lebuh Farquhar, here from leasehold to freehold.