KUALA LUMPUR: Penang property prices are expected to see a softer rise over the next few months due to the rising interest rates environment, unless there are extraordinary events in the property scene to boost home-purchases, Raine & Horne International Zaki + Partner director Michael Geh told City&Country of The Edge Malaysia.

KUALA LUMPUR: The development of KTM Bhd (KTMB)-owned land in Singapore is a breakthrough that will bring economic advancement to both Malaysia and Singapore, Khazanah Nasional managing director Tan Sri Azman Mokhtar said on Thursday, May 27.

Ng (left) receives the prestigious Green Mark Gold Award from BCA Chairman Quek See Tiat in Singapore on May 26

HONG HONG: After hiring office space from landlords of serviced business centres in Hong Kong for a few years, UK-born Chinese businessman Andrew Chung and his Australian partner Lachlan Sloan decided last year to switch roles and become landlords themselves.

PUTRAJAYA: The Federal Territories and Urban Wellbeing Ministry will have its own building following the purchase of Menara PjH from Putrajaya Holdings Sdn Bhd, worth RM167 million.

The agreement to buy the building was signed between the ministry's secretary-general, Datuk Ahmad Phesal Talib and Putrajaya Holdings' chief executive officer, Datuk Azlan Abdul Karim, here on May 27.

HONG KONG: Mainland developer Longfor Properties has seen its contract sales drop by 40% to 1.5 billion yuan (RM716.7 million) so far this month from April as buying interest is dampened by central government efforts to cool the market. The firm has sold 2.5 billion yuan worth of properties in April.

HONG KONG: The poor response from bidders to the last two land auctions has convinced analysts they were correct to change their forecasts for the outlook for home prices by the end of the year from positive to zero growth.

KUALA LUMPUR: London’s prime residential markets – Central, South-West and East – are keeping their heads above the water amidst economic and political challenges.

KUALA LUMPUR: The One Tower commercial building along Sheikh Zayed Road in Dubai is inching past the 22nd floor as it climbs its way to the 47th floor. This iconic building is being built by Al Yasat Holdings LLC, one of the region’s leading real-estate developers.

KUALA LUMPUR: The fate of Petaling Jaya City Council (MBPJ) staff members who reportedly own low-cost housing units remains in limbo pending the completion of investigations into the matter and a final decision on the issue.