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HK Nov mortgage loan approvals jump on year

HONG KONG: New mortgage loans approved in Hong Kong in November rose 203.8% from a year earlier, but fell 11.1% from October for a fifth consecutive month-on-month decline, figures from the Hong Kong Monetary Authority (HKMA) showed, according to Reuters on Dec 29.

Month-on-month figures are not seasonally adjusted.

PLB-KH Bina to acquire four land parcels in Penang

KUALA LUMPUR: PLB-KH Bina Sdn Bhd, a wholly-owned subsidiary of PLB Engineering Bhd, has entered into a sale and purchase agreement with Datuk Ong Cho Hoon to acquire four parcels of agricultural lands in Penang for a total cash consideration of RM3.78 million.

Indah Paper Industries to acquire land in Klang

KUALA LUMPUR: Indah Paper Industries Sdn Bhd (IPISB) is acquiring a plot of land in Klang, Selangor, measuring 263,930 sq ft for RM7 million, parent company Minho (M) Bhd said in a filing to Bursa Malaysia on Dec 29.

Majuperak to dispose land in Penang for RM13 million

KUALA LUMPUR: Majuperak Holdings Bhd has entered into a conditional sale and purchase agreement with Alliance Contract Manufacturing Sdn Bhd to dispose two pieces of land in Penang for RM6.38 million and RM6.62 million respectively in cash.

Kensington Streets most costly in U.K. as Pound lures buyers

LONDON: The streets in London’s Kensington and Chelsea district have the most expensive U.K. properties with sterling’s slide helping to lure buyers to an area where the average cost of a house exceeds 1 million pounds ($1.6 million).

Aranda Nova mixed development in Cameron Highlands

KUALA LUMPUR: Signature Landmark Property Sdn Bhd will be launching the first phase of its mixed development project Aranda Nova (pictured), located just beside Equatorial Hotel in Brinchang, Cameron Highlands, in 1Q2010.

UK property prices to decline 1% in 2010

LONDON: UK house prices will decline next year as rising unemployment and concern about the government's fiscal squeeze limit demand, Hometrack said.