BEIJING: Investors from the eastern Chinese city of Wenzhou, widely known for their "shopping trips" to target global real estate markets, have gotten burned in Dubai, the desert oasis turned to mirage.

KUALA LUMPUR: Mah Sing Group Bhd is teaming up with China's Danlong Realty (Beijing) Ltd to undertake a mixed development property project in Jiangsu province, with an estimated investment cost of US$620 million.
The company said on Wednesday, Dec 2 the project would be undertaken on an 87.31 acres site, west of Wuyi road in the Wujin district.

KUALA LUMPUR: Mah Sing Group Bhd has proposed to acquire 13,694.94 sq metres of prime freehold land in Pykett Avenue, Georgetown, Penang for RM38.65 million.
The property developer said on Wednesday, Dec 2 the proposed acquisition of the land, measuring (147,416 sq ft or 3.38 acres), was for about RM262.19 per sq ft.

KUAL:A LUMPUR: Regroup Associates Sdn Bhd has signed an affiliate agreement with global real estate services company, CB Richard Ellis Group Inc (CBRE).

KUALA LUMPUR: Mah Sing Group Bhd is teaming up with China's Danlong Realty (Beijing) Ltd to undertake a mixed development property project in Jiangsu province, with an estimated investment cost of US$620 million.

The company said on Wednesday, Dec 2 the project would be undertaken on an 87.31 acres site, west of Wuyi road in the Wujin district.

SHAH ALAM: The Selangor state government is looking at the possibility of declassifying another classified document, the Hazardous Map which indicates the level of risk in residential areas in Hulu Klang.

Moody's assesment of regional and international implications of the Dubai World restructuring.

WASHINGTON: The number of contracts to buy US previously owned homes unexpectedly rose in October as consumers rushed to take advantage of a tax credit that was due to expire.

BOSTON: More than 130 cities worldwide had declines in rent expenses in the year ended Sept 30, CB Richard Ellis Group Inc. said in a report today. Almost 50 cities reported declines of more than 10%. Rental costs fell about 30% in Midtown Manhattan, 53% in Singapore and 41% in central Hong Kong. Overall, rents fell an average 7.7% across 179 markets worldwide.

BRUSSELS: European finance ministers said on Tuesday that Dubai's debt troubles would have little impact on their region, which is emerging from recession.

"What we understand today is there is no systemic risk," French Economy Minister Christine Lagarde said. "It's not a drama for the world of finance and the impact seems to be essentially regional."