China property industry output shrinks for the first time since pandemic
BEIJING (Oct 20): The output of China’s property industry has shrunk 1.
China's new construction activities continue to decline due to strict lending regulations
BEIJING (Oct 18): China's new construction activities continue to slow down for a sixth straight month due to cash-strapped developers putting a halt to their developments as the government tightens the regulations on borrowing, reported Reuters.
Advancecon bags another ECRL subcontract job for RM17m
KUALA LUMPUR (Oct 15): Advancecon Holdings Bhd said it has been appointed a subcontractor for the proposed construction and completion of ground treatment work of Section 4 of the East Coast Rail Link (ECRL) project for RM16.
CLCT eyeing to acquire four logistics assets in China for S$298m
SINGAPORE (Oct 12): The manager of CapitaLand China Trust (CLCT) is planning to acquire four assets in China worth close to S$298 million (RM915 million), reported Business Times Singapore.
CORE Residence @ TRX achieves 70% take-up rate
KUALA LUMPUR (Oct 5): CORE Residence @ TRX has achieved a 70% take-up rate for Tower 1 and Tower 2, with units being taken up by customers from more than 20 Asian countries.
Evergrande to raise US$5b from stake selling its property unit
HONG KONG (Oct 4): China Evergrande is looking at disposing of 50% of its stake in its property management unit to Hopson Development for US$5 billion (RM20.
Report: 1,822 MM2H participants left the country for good between 2015 and 2019
KUALA LUMPUR (Sept 29): Up to 1,822 Malaysia My Second Home (MM2H) participants left the country for good between 2015 and 2019, Malaysiakini reported findings in the Auditor-General's Report 2019 Series 2.
Yong Tai gets backing from new China partners to expedite 100-acre land development at Impression City, Melaka
KUALA LUMPUR (Sept 16): Yong Tai Bhd has received backing from its new partners from China to resume development of its 100-acre land “Impression City” in Melaka, following a delay due to the Covid-19 pandemic.
Toshiba ceases production plant in Dalian China, to relocate to Vietnam or Japan
PETALING JAYA (Sept 13): Japanese electronic giant Toshiba will be closing its 30-year-old production facility in Dalian, China, by the end of September this year, reported South China Morning Post (SCMP) on Sept 9.
Country Garden Holdings “shrinks” Malaysia staff, says report
KUALA LUMPUR (Sept 2): Mega China developer Country Garden Holdings has reduced “its workforce and sales team” in Malaysia “by two-thirds over the past two years,” according to a report by the South China Morning Post (SCMP).
