KUALA LUMPUR: Bina Puri Holdings Bhd had on July 12 accepted the letter of award from Zaidun-Leeng Sdn Bhd for the first phase development of a project in Bandar Sri Damansara comprising earthworks, retaining walls and ancillary works for Sri Damansara Bhd.

Bina Puri was given six months for the works to be completed.

KUALA LUMPUR: Office rental rates continued to drop marginally in 2Q2010, caused by a significant incoming supply of 2.06 million sq ft by the year's end, according to DTZ Research Report 2Q2010 published on July 13.

GUANGZHOU: Sales prices of offices in Guangzhou, China are expected to increase in 2H2010 despite a new supply of office space coming on-stream in 3Q 2010, according to Colliers International’s latest report on Guangzhou’s office market.

HONG KONG: Police raided the offices of Henderson Land and a related law firm on Wednesday, July 14 in a sharp escalation of the government's investigation into flat sales at the developer's 39 Conduit Road tower.

KOTA BAHARU: The bombings and killings in southern Thailand have not stopped tourists, particularly Malaysians, from visiting the festive region.

The Thai Consul to Malaysia, Surapon Petch-Vra said this could be seen from the occupancy rate in hotels which remained at a high 70%.

SHANGHAI: Much of the new lending currently taking place in China is due more to banks' willingness to expand credit in the market as a result of strong economic fundamentals, rather than a loosening of loan policies for homebuyers, said Lina Wong, Colliers International's managing director for East and Southeast China.

BEIJING: Investors who bet that China will declare an early end to its property tightening campaign are doing so at their own peril.

While the government is likely to fine-tune real estate policy as the economy softens in the coming months, it is not about to reverse tightening measures that it believes are critical to safeguarding China's long-run growth prospects.

KUALA LUMPUR: RHB Investment Bank (RHB IB), which is the stabilising manager for the Sunway Real Estate Investment Trust (SunREIT), has acquired a total of 29 million units over three trading days since the REIT's listing last Thursday, July 8, pursuant to the price stabilisation mechanism.

KUALA LUMPUR: KLCC Property Holdings Bhd's (KLCCP) Lot C, which is a new extension to Suria KLCC with office blocks and a retail podium, is slated to be ready by next year.

The company's CEO Hashim Wahir said the RM1 billion Lot C is on schedule for completion by Oct 2011, while the retail podium will have tenants moving in early next year.