HONG KONG: Secondary-market sales were up last week as buyer confidence continued to improve in the wake of Chief Executive Donald Tsang Yam-kuen's policy address on Oct 13.

Property agents said buyers were back in the market because the policy address did not contain any tough new measures aimed at curbing property demand or price growth.

HONG KONG: A growing number of homebuyers in China are defaulting on purchase agreements and forfeiting deposits because they fear tougher policy settings will trigger a sharp fall in property prices, estate agents say.

SHANGHAI: With supply of grade A office space in Shanghai surging and rentals under downward pressure, some tenants are moving into more prestigious addresses from office buildings on the fringes of the core business district.

HONG KONG: As a magnet for wealthy China shoppers, Hong Kong continues to attract an influx of international brands eager to establish a presence in the city.

KUALA LUMPUR: Sunway City Bhd, through its wholly owned subsidiary Sunway City (Singapore) Pte Ltd, entered into an Equity Joint-Venture Contract with Sino-Singapore Tianjin Eco-city Investment and Development Co. Ltd (SSTEC) to develop 69 acres of land in Sino-Singapore Tianjin Eco-City, Tianjin, China.

KUALA LUMPUR: Country View Bhd announced on Wednesday, Oct 27 in its 3Q financial statements ended August 31, 2010 a net loss of RM2.9 million, a further dip compared with the net loss of RM2.18 million recorded a year ago.

Revenue for the Group dipped 78% to RM3.068 million from RM13.93 million a year ago.

KUALA LUMPUR: Melati Ehsan Holding Bhd in its fourth quarter (4Q) financial report ending August 31, 2010 recorded a dip of 66.4% in net profit to RM1.66 million from RM4.94 million a year ago.

The Group, in its filing with Bursa Malaysia on Wednesday, Oct 27, also reported a drop in revenue by 6% to RM54.42 million from RM57.88 million the previous year.

HO CHI MINH City: Malaysia's property developer Gamuda Land and local firm Sacomreal announced on Monday that they would jointly develop the US$215 million Celadon City complex in HCM City's Tan Phu district, Vietnam News Agency (VNA) reported.

The 82ha Celadon City will be located about 3km from the Tan Son Nhat International Airport.

KUALA LUMPUR: Naim Holdings Bhd announced on Wednesday, Oct 27 that it was awarded a RM168.8 million construction contact to design and build the Bengoh Resettlement Scheme-Infrastructure Work project in Kuching, Sarawak.

“The contact is expected to contribute positively to the earnings and net assets of Naim Group for the financial years ending 2010 to 2012,” the Group said.

KUALA LUMPUR: With four major projects in the works and several launches planned for the next 12 months, Mutiara Goodyear Development Bhd (Mutiara) is expecting a financially strong year ahead.