BEIJING: New home prices in Beijing rose 4.9% in March from a year earlier, slowing from an annual increase of 6.8% in February, the National Bureau of Statistics said on Monday, Apr 18.

In Shanghai, the prices were up 1.7% in March, compared with a rise of 2.3% in February.

Investment Highlights

Investment Highlights

• We maintain our BUY rating on IJM Land and raise our fair value from RM3.88/share to RM4.00/share – based on an unchanged 10% discount to our revised fully-diluted NAV of RM4.45/share.

Demand for housing will remain strong in the next two to three years, driven partly by a lack of supply, says Christopher Boyd (picture), executive chairman of CB Richard Ellis (CBRE) Malaysia.

Standing out from the competition can be tough and Gamuda Land, in bringing Madge Mansions to the market, has come up with a special feature for the uber-luxurious product in Ampang, Kuala Lumpur.

Thriving on customer loyalty

Prices of 2-storey terraced homes in established neighbourhoods in the Klang Valley are on an upward trend on the secondary market, say real estate agents.

Wary global property investors could turn their attention to Hong Kong and the mainland as they steer away from the real estate market in Japan in the wake of the recent devastating earthquake and tsunami.

JOHOR BAHRU: The Iskandar Regional Development Authority (IRDA) has given the go-ahead for the proposed RM1.23 billion modern inter-city commuter train service network in Iskandar Malaysia.

The train service will have an annual ridership of over 30 million.

KUALA LUMPUR: S P Setia Bhd is making its maiden venture into Singapore. The developer has proposed the purchase of 27 strata units in Leong Bee Court for S$65 million (RM159 million) with the plan to redevelop the property, currently comprising flats, into residential apartments.