Latest

Hong Kong land auction ends far below forecast

HONG KONG: A Hong Kong government land auction of a residential site fetched HK$3.12 billion (RM1.19 billion), far below market expectations, with developers cautious as an uncertain global economic outlook keeps property sales sluggish.

Modest improvement in Australia housing finance in July

CANBERRA (Australia) Australian Bureau of Statistics (ABS) Housing Finance figures for July 2011 show in trend terms that the number of finance commitments increased marginally for the third consecutive month as July recorded an increase of 1.7 per cent.

Court grants stay over land acquisition for MRT

KUALA LUMPUR(Bernama) -- The acquisition of nine lots of land in Bukit Bintang area for the Klang Valley-Sungai Buloh-Kajang Mass Rapid Transit project (MRT) will not proceed until Sept 15.

This was after the High Court had on Tuesday, Sept 6 extended an interim stay of the acquisition of nine lots of the land until that date.

Developers shy from sales market amid gloom

HONG KONG: Just 157 flats were offered for sale by developers last month, the lowest total in eight months. But analysts expect the number of new releases to pick up again in the coming weeks.

Mortgage tightening to hit high-end properties

KUALA LUMPUR: The higher end of the Malaysian property market will likely be hit most severely should Bank Negara Malaysia (BNM) initiate measures for banks to compute household debt based on a borrower’s net income rather than gross income, said RHB Research.

Analysts neutral on Sime-E&O collaboration

KUALA LUMPUR: While the market awaits specific details on the agreement between Sime Darby Bhd and Eastern & Oriental Bhd (E&O), analysts remain cautious on the deal.

Sime announced the acquisition of a 30% strategic stake in the Penang-based property developer close to two weeks ago.