Sales of existing US homes slide in Oct

By APWASHINGTON: Sales of existing US homes fell more than expected last month, as economic fears made buyers leery even though prices plunged to the lowest level in more than four years.The National Association of Realtors said yesterday that sales of existing homes fell 3.1 per cent to a seasonally adjusted annual rate of 4.98 [...]


Russia Tower laid low by turmoil

By REUTERSMOSCOW: Construction of Russia Tower, a 600m steel and glass symbol of new Russian wealth and power designed by Norman Foster to be Europe’s tallest building, has been halted for lack of funding, its developer said last week. The end of the era of cheap global credit orchestrated by former US Federal Reserve chairman [...]


Freebies galore as developers push sales

By THE STARTIMES must be getting quite bad, judging from the recent spate of generous freebies and incentives thrown in by developers to push property sales. While in the past such incentives were offered by big and small players, this time around it appears that the “big boys” are going all out to sell their [...]


Karambunai says Sabah mart still hot

By BUSINESS TIMESProperty developer and resorts operator Karambunai Corp Bhd (KCB) will launch three new projects next year worth RM1.1 billion collectively in Kota Kinabalu, Sabah. The Sabah firm is unfazed by the global financial crisis, expecting the property market in the state to remain …


Silver lining for developers

By THE STARLaunch-ready projects and high unbilled sales can help firms turn in commendable results DEVELOPERS with a good line-up of pre-constructed projects for launch and high unbilled sales can look forward to commendable year-on-year financial results in the upcoming reporting season. While most industry players have experienced an erosion in profit margin as a [...]


Ireka to build on i-Zen brand in Vietnam

By THE STARIREKA Corp Bhd plans to aggressively grow the i-Zen brand for its overseas property development, especially in Vietnam, says executive director Lai Voon Hon. “The Vietnamese market offers vast opportunities for the i-Zen brand, as the country has a young and educated population, strong foreign direct investment and a proactive government that promotes [...]