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Asia-Pacific’s commercial real estate slowdown continues

KUALA LUMPUR: Asia-Pacific commercial real estate investments fell for a second consecutive quarter, declining in value by 37% to US$25 billion (RM73.75 billion) in 2Q11, according to DTZ Research’s Investment Market Update report. Activity slowed in all countries with double-digit declines from 1Q11.

29 July, 2011
New high in HK traditional shopping district rents

HONG KONG: Hong Kong’s retail property leasing and sales remained upbeat in 2Q11 and Colliers International research predicts the average rent of street shops in traditional shopping districts will grow further by 15% in the next 12 months.

29 July, 2011
Chance to own beachfront homes in Langkawi

KUALA LUMPUR: The Laguna Langkawi offers 70 luxury, low-rise apartments on a 79,000 sq ft site. The five-storey freehold development features tropical landscaping with views across the Andaman Sea. It is located on the southwest coast of Langkawi at the edge of Langkawi Lagoon, along Jalan Kuala Muda, about 2km from the Langkawi International Airport.

29 July, 2011
Housing developer fined RM10,000 for stealing water

SHAH ALAM: A housing developer was fined RM10,000 by the Sessions Court here on Thursday, July 28 for installing an illegal water connection three years ago.

Judge Aslam Zainuddin handed down the sentence to Syarikat Bina Mandat Sdn Bhd after its director Chew Koh Wah pleaded guilty to the charge under Section 123 of the Water Services Industry Act 2006.

28 July, 2011
Langkawi holiday homes

KUALA LUMPUR: Laguna Developments Langkawi Sdn Bhd, the developer of beach-front luxury apartment project The Laguna Langkawi, is targeting both Malaysians and foreigners looking for holiday homes on the resort island.

28 July, 2011
Mitsui Fudosan Apr-June profit rises 19.7%, outlook unchanged

TOKYO: Mitsui Fudosan Co, Japan's biggest property developer, reported a 19.7% rise in operating profit for the April-June quarter helped by a recovery in apartment sales but it kept its annual forecast slightly below analysts' consensus.

28 July, 2011
Leica opens world's biggest store at Avenue K

KUALA LUMPUR: Leica Camera AG of Germany on Thursday, July 28 opened its world's biggest store at Avenue K in Jalan Ampang here.

Measuring 1,500 sq ft, it was the first of its kind among its 52 stores worldwide and would offer the entire range of Leica cameras besides being an authorised service centre, said Sunil Kaul, managing director of Leica Camera Asia Pacific.

28 July, 2011
Sunway REIT wins court battle for Putra Place

KUALA LUMPUR: The High Court today decided that OSK Trustees Bhd (as trustee of Sunway Real Estate Investment Trust Management Sdn Bhd) is the rightful owner of Putra Place after dismissing two legal suits brought against the latter in relation to its acquisition of Putra Place via a public auction on March 30.

28 July, 2011