KUALA LUMPUR: Property developer Mah Sing Group Bhd will continue to acquire prime land and enter into joint ventures in future, to further boost its expansion strategy.

KUALA LUMPUR: Property development player Merge Housing Bhd has received a conditional takeover offer from its major shareholders in a privatisation exercise worth RM48.3 million.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has signed a strategic alliance memorandum of understanding (MoU) with the Korean Teachers Credit Union (KTCU) to collaborate on potential future property projects.

KUALA LUMPUR: TA Enterprise Bhd posted a net profit of RM33.7 million for its first quarter (1Q2012) ended April 20, 2011, up from the RM22.7 million posted a year ago.

Its revenue also increased to RM174.7 million from RM142.3 million last year, it said in a Bursa announcement on Wednesday, April 29.

SHANGHAI: Rising inventory relative to demand and new curbs on lending will force developers to cut home prices on the mainland from the third quarter, according to a report by international property consultant Knight Frank.

HONG KONG: When Heather Wedl and husband Monte moved to Hong Kong from the United States three years ago, they knew they would be in for a shock when it came to renting a flat.

They'd come from a four-bedroom house with two-car garage in downtown Memphis, Tennessee, the headquarters of Federal Express, where Monte Wedl works as a pilot for the company's freight planes.

HONG KONG: The launch of flat sales at Sun Hung Kai Properties's luxury project near Olympic station in West Kowloon today will provide the first test of market sentiment since the government imposed its latest cooling measures this month.

HONG KONG: Home sales in Hong Kong last week were the lowest in more than five years due to the government's new limits on mortgages and proposals to resume building Home Ownership Scheme flats.

WASHINGTON, DC: Existing-home sales were down in May as temporary factors and financing problems weighed on the market, according to the US National Association of Realtors (NAR).

BANGKOK: Best Western International, the World's largest hotel chain, has signed on its newest hotel in Bangkok, The Grand Howard.