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China's land prices rose 8.1% y/y in 1Q

BEIJING: Chinese land prices rises moderated in 1Q, thanks to an increased supply of land during the same period, the land and resources minister said.

The average land price in a sample of 105 cities was up 8.1% in the first three months from a year earlier, reaching 2,700 yuan (RM1,262) per sq m, the official Xinhua news agency quoted minister Xu Shaoshi as saying.

Deal with owners averts strike by New York doormen

NEW YORK: Uniformed doormen and apartment building workers reached a deal with New York building owners on Wednesday (April 21), narrowly averting a strike that would have left residents running elevators, disposing of trash and doing other chores themselves.

Activist financier fights US mortgage crisis

MIAMI: He calls them "Save the Dream" events, but activist financier Bruce Marks is squarely focused on an American nightmare.

For nearly two years now Marks, a 54-year-old former regulator at the US Federal Reserve Bank of New York, has been holding massive mortgage modification gatherings across the country.

YTL Pacific Star hires Ho Ching’s brother

SINGAPORE: The search for a new chief executive for YTL Pacific Star, the manager of Singapore-listed Starhill Global REIT, is over.

The Kuala Lumpur-based group has picked Ho Sing, 44, the brother of Temasek chief executive Ho Ching, to take over from Franklin Heng, who died last December from complications following liposuction surgery.

AmResearch: Maintains ‘buy’ rating on Axis REIT

Closing in to RM1 billion AUM

* We maintain our BUY rating on Axis REIT (Axis) with our fair value unchanged at RM2.37/unit. This is after applying 5% discount to our DCF valuation of RM2.49/unit.