Axis REIT y-o-y net profit surged 74.5%

KUALA LUMPUR: Axis Real Estate Investment Trust saw its net profit surge 74.5% to RM21.88 million in its second quarter ended June 30, 2010 (2QFY2010), from RM12.54 million the previous year, due to higher revenue.

Hybrid housing an affordable alternative

HONG KONG: Hongkongers priced out of the property market could soon get a more affordable alternative — a scheme that allows them to part-buy and part-rent their dream home.

Morgan Stanley sells Shanghai apartment project

SHANGHAI: US investment bank Morgan Stanley has sold its serviced apartment project in Pudong, Shanghai, for about 1.2 billion yuan (RM571.15 million), making it the second-largest residential deal by value in the city so far this year.

More luxury flats to be released

HONG KONG: Developers of two major luxury housing projects are battling for buyers by rolling out more units after strong sales over the weekend.

First batch of 92 flats at Larvotto snapped up

HONG KONG: Buyers snapped up all 92 units of the first batch of Sun Hung Kai Properties' luxury development Larvotto to go on sale on Saturday, July 17 at an average price of HK$17,288 (RM7,174.43) per square foot.

City & Country: Gamuda Land takes new direction

The developer, which is better known for its developments in the suburbs, is expanding its presence in the heart of Kuala Lumpur where it recently acquired a piece of freehold land at the intersection of Jalan Pudu and Jalan Robertson.  MD Chow Chee Wah tells Racheal Lee about its plans for the site.Gamuda Land Sdn Bhd has carved a name for itself as a landed residential estate

City & Country/Spotlight: Bluwater Estate offers resort-themed bungalows

Bluwater Estate, a 247-acre green township development by Bluwater Development Bhd, is gradually taking shape in Seri Kembangan, Kuala Lumpur. The developer recently soft-launched a new offering there called the Bluhaven Urban Resort Series of bungalows. “This is the first in our series of unique bungalows.