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Use IBS technology to build new housing projects: Abang Johari

SIBU: Sarawak housing project contractors should use the industrial building system (IBS) technology to carry out future housing projects, said state housing and urban development minister Datuk Amar Abang Johari Tun Openg.

He reasoned that the IBS was cheap, fast and the finished workmanship would be durable and of high quality.

New home loans up 1,600% in Shanghai

Mainland banks in Shanghai's red-hot housing market lent 99.58 billion yuan (RM48.67 billion) in new mortgages last year, up dramatically from 5.8 billion yuan in 2008, as home seekers rushed to buy and prices hit new highs.The banks lent 38.93 billion yuan to buyers of new residential properties and 60.65 billion yuan to buyers of second-hand homes, the Shanghai office of the People's Bank of

Seoul appears vulnerable to possible earthquake threats

SEOUL: South Korea's capital Seoul appears vulnerable to possible earthquake threats as less than nine percent of the buildings in the city, are designed to be earthquake-resistant, the city government said Tuesday.

Australia unlisted property funds turn positive in 4Q

SYDNEY: Australia's unlisted property funds posted positive returns in the fourth quarter -- their first since August 2008 -- on fewer property valuation write-downs, property research firm IPD said on Jan 19.