KUALA LUMPUR: Frasers Hospitality Pte Ltd (Fraser) aims to open 16 new properties this year, 12 under the Fraser brand and four under the new Modena brand while making its debut in 12 major cities.

SHANGHAI:  China's central bank is set for a hefty drain of cash for a seventh week in a row and added long term three-year bills to its open market operations on Thursday, stepping up efforts to keep asset prices and inflation from rising out of control.

Much awaited catalyst

• RM3.5 billion REIT targeted for mid-10, if market conducive. But rising interest rates could push 6-7% yield target higher

• ~RM560 million net proceeds for landbank expansion and REIT pipeline. Potential 11% earnings dilution post-REITs.

· Injecting 8 properties into REIT

SHANGHAI: Shanghai's property prices may fall as much as 10 per cent this year as the government prepares to roll out tightening measures to cool the overheated market, according to consultancy Colliers International.

Policy adjustments on the supply of land and monetary tightening will weigh down the red-hot market amid mounting anger over soaring housing prices.

KUALA LUMPUR: Sunway City Bhd group is undertaking a corporate exercise to unlock the value of its properties which will see it injecting its shopping malls, office towers, hotels and hypermarket into its proposed multi-billion ringgit Sunway real estate investment trust (REIT) which will be listed on Bursa Malaysia.SunCity Group said on Wednesday, April 7 the proposed properties include the Su

KUALA LUMPUR: Dijaya Corp Bhd (DIC) is set to venture into the high-end property market in Mongolia following its acquisition of Transglobal Ltd (TGL) for US$50,000 (RM160,625) for its property development project in Ulaanbaatar in Mongolia.

KUALA KUBU BARU: Some 100,000 families in Selangor who have been occupying the state land for more than 15 years will soon receive their land titles, Menteri Besar Tan Sri Abdul Khalid Ibrahim said today (April 7).

He said the decision was made at the state executive council meeting today and the move would benefit squatter families and farmers occupying Temporary

MANILA: The World Health Organisation (WHO) on Wednesday, April 7 called for an innovative solution in narrowing the health inequity caused by rapid increase in urban population, so as to create a healthier society in the Western Pacific Region, China's Xinhua news agency reports.