KUALA LUMPUR: Setia Haruman Sdn Bhd (SHSB), the master developer of Cyberjaya, has struck a major sale by signing up with Omni Assets Sdn Bhd, a wholly-owned subsidiary of Paramount Corp Bhd.

A signing ceremony for the sale and purchase of a residential land parcel measuring 20.23ha (50 acres) worth RM78.4 million was held on Tuesday, June 1 between SSHB and Omni Assets.

KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (Rehda), in welcoming the appointment of Datuk Chor Chee Heung as Housing and Local Government Minister, is optimistic he would continue with the existing open-door consultation approach adopted in the housing industry.

KUALA LUMPUR: China’s industrial real estate market has begun to return to pre-financial crisis levels of growth, said investment director of Industrial at Colliers International, Jeremy Chapman.

HONG KONG: Henderson Land Development believes Hong Kong's housing shortage will ease in the next few years since its landbank can provide 45,000 new units, which is equivalent to the total supply of new housing for four years.

KUALA LUMPUR: Loh & Loh Corporation Bhd is bidding for RM2 billion worth of construction projects, including water-related and infrastructure ones, in the country.

Its Chief Executive Officer, Jason Loh, said the company has about RM1.5 billion worth of ongoing projects in the property and construction sectors, including a hydro-dam project in Hulu Trengganu.

NEW YORK: The retreat in the US housing market after the government halted its hefty tax credit in April should be short-lived, analysts say, and the market may resume its path to stability.

SYDNEY: The dream of living by the beach or harbour in Sydney is becoming an unattainable for many Australians with a third of Sydney's residents saying housing costs are now unaffordable.

HONG KONG: As the most alluring consumer market in the world, thousands of foreign retailers attempt to establish a foothold in China every year. But the road to success is not easy and many fail.

HONG KONG: Home sales here have declined over the past week and are going through a period of consolidation, despite impressive recent gains, figures from a leading property agency show.

Sales data compiled by Ricacorp Properties shows that the number of preliminary sales agreements fell last week to 342 from 352 the week before.