BEIJING: Chinese property investment rose 31.1% in the first two months of this year, accelerating from a 16.1% rise in the whole of 2009, the National Bureau of Statistics (NBS) said on March 10.

Beijing has pledged to redouble efforts to build more affordable housing in 2010, partly to brake fast-rising home prices in some cities.

KUALA LUMPUR: Subur Tiasa Holdings Bhd (STH) unit Subur Tiasa Plywood Sdn Bhd (STP) had entered into three separate sale and purchase agreements (SPA) to acquire three parcels of land for RM3.89 million, STH announced on Bursa Malaysia on March 10.

KUALA LUMPUR: Gamuda Bhd is buying a 60% stake in Vietnam's Tan Thang Company for US$82.8 million (RM275.14 million) which has rights to undertake a property project in Ho Chi Minh City with an estimated gross development value (GDV) of RM6 billion.

KUALA LUMPUR: Dijaya Corp Bhd plans to launch its Grand Villas and Pool Villas residences at Tropicana Indah Resort Homes in the second quarter of this year, managing director Datuk Tong Kien Onn told theedgeproperty.com.

KOTA BARU: Prizes worth RM90,000 await winners of the Rehda Cup Golf Tournament at the Kelantan Desa Golf and Country Club here on Saturday (March 13).

Organising committee chairman Datuk Samsuri Awang Mat said they included two

Perodua cars, a Myvi and a Viva, worth about RM80,000 for a hole-in-one.

KUALA LUMPUR: The Shanghai real estate industry saw more record-breaking residential transactions in early March, according to Shanghai Business.

Quoting the latest data from China Real Estate Information Corp (CRIC), the Chinese media reported that Sunville in Sheshan, Shanghai, has transacted two villas at RMB247 million (RM120.2 million) on March 3.

SYDNEY: Australian home loans fell the most in nearly eight years in January, hit by the scaling back of government grants to buyers and higher mortgage rates, suggesting past increases in interest rates were starting to bite, according to a Reuters report on March 10.

KUALA LUMPUR: The Puduraya bus terminal will be closed temporarily for four months from March 19.

UDA Holdings Bhd managing director Datuk Jaafar Abu Hassan said the closure was to allow for works that would upgrade the terminal and provide more comfort to travellers.

KUALA LUMPUR: The proposed injection of assets into Al-Aqar KPJ Real Estate Investment Trust (REIT) enables KPJ Healthcare Bhd to expand its hospitals network without pressuring its balance sheet.