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No bubble yet as Thai builders jump into housing boom

BANGKOK: From its business district to leafy suburbs, new condominiums are sprouting almost daily across Bangkok, but developers and investors alike seem little concerned about a property bubble developing.

Property deals in HK climb to 31-month high

HONG KONG: Property sales in Hong Kong rose to a 31-month high last month but the market is expected to slow significantly as government cooling measures make buyers more cautious.

CLP in talks on saving art deco HQ

HONG KONG: CLP Power is in talks with the government about economic incentives to preserve its 70-year-old headquarters in Argyle Street, Kowloon, as it seeks to guard redevelopment rights granted nine years ago.

Grade-one historic status was proposed by the Antiquities and Monuments Office last year for the building at 139-147 Argyle Street.

Australia's Woolworths to sell A$900m properties

MELBOURNE: Woolworths Ltd, Australia's largest supermarket chain, said on Monday, Sept 6 it plans to sell A$900 million (RM2.56 billion) worth of property assets over coming weeks.

The Portfolio consists of more than 30 shopping centres.

China allows insurers to invest in PE, real estate

SHANGHAI: China will allow insurers to broaden investment channels into private equity and real estate, a move that could unleash as much as US$100 billion (RM311.28 billion) worth of fresh funding into unlisted firms and the property sector.

City & Country: Melawati, a new hot spot

The Melawati areas has become a magnet for developers, drawn by its scenic surroundings and good accessibility. With several high-end projects taking shape there, property prices have leapt to be on par with established locations such as Petaling Jaya.Mention Melawati and what usually comes to mind is a rather quiet housing area that offers little excitement.

My Space: There is no one size that fits all

Malaysia’s listed property developers must have celebrated the country’s 53rd Merdeka Day with more gusto than usual — not because the local property climate has been kinder than elsewhere across the globe, but because the implementation of IFRIC 15, a new accounting practice, has been deferred.