KUALA LUMPUR: YTL Land & Development Bhd expects 50% occupancy by year-end for its newly-completed Centrio development in the highly popular Pantai Hillpark address.

HONG KONG: Amid strong public pressure, the developer behind the construction of a private retreat at scenic Sai Wan beach says he has decided to suspend the work temporarily until a solution acceptable to all parties is found.

KUALA LUMPUR: 1 Mont’Kiara (1MK), a mall and office development in Mont’Kiara is believed to have been sold for RM333 million, in what is likely to set a new benchmark pricing for the Mont’Kiara area.

SHANGHAI: China plans to start levying property tax in 2012 in a pilot programme that will first be rolled out in several cities, the National Business Daily reported on Thursday, July 22, citing unidentified participants of a seminar held by the Ministry of Finance.

KUALA LUMPUR: Sunway City Bhd (SunCity)’s Human Capital Development Department, under its property development division, won the HR Achievement Silver Award, the property developer announced in a statement on Wednesday, July 21.

KUALA LUMPUR: RHB Investment Bank Bhd, the stabilising manager of Sunway Real Estate Investment Trust (Sunway REIT), has purchased units in the trust again.

In a filing to Bursa Malaysia on Wednesday, July 21, the trust bought some 1.8 million units in the trust at 89.5 sen on July 20.

KUALA LUMPUR: Nearly all of the 5% decline in housing production was on the multifamily side in June, which fell 21.5% to a seasonally adjusted annual rate of 95,000 units, according to newly released figures by the US Commerce Department.

KUALA LUMPUR: Impiana Land and Development Sdn Bhd’s twin tower condominiums known as Semarak and Penaga Condominiums in Taman Raintree, Batu Caves, Gombak has seen a take-up rate of 90% since the condominiums were launched in January.

“We hope to see full take-up by the end of this year… it is achievable,” said its sales and marketing agent, Martin Teo.

SHANGHAI: Supply of new homes in Shanghai is expected to be halved next month as property developers wait on the Chinese government’s next move in real estate regulations.

KUALA LUMPUR: Axis Real Estate Investment Trust (Axis-REIT) has spotted three potential assets that are worth about RM190 million for acquisitions to expand its portfolio in addition to the four purchases that have been revealed earlier this year.