SYDNEY: The dream of living by the beach or harbour in Sydney is becoming an unattainable for many Australians with a third of Sydney's residents saying housing costs are now unaffordable.

HONG KONG: As the most alluring consumer market in the world, thousands of foreign retailers attempt to establish a foothold in China every year. But the road to success is not easy and many fail.

HONG KONG: Home sales here have declined over the past week and are going through a period of consolidation, despite impressive recent gains, figures from a leading property agency show.

Sales data compiled by Ricacorp Properties shows that the number of preliminary sales agreements fell last week to 342 from 352 the week before.

HONG KONG: The recovery in office rents here is showing no signs of running out of steam, with continued growth seen in both core and non-core districts, according to consultants.

KUALA LUMPUR: Paramount Corp Bhd, via its subsidiary Omni Assets Sdn Bhd (OASB), has entered into a sale and purchase agreement with Cyberview Sdn Bhd and Setia Haruman Sdn Bhd for the purchase of a 50.01-acre (20.2ha) parcel of land in Cyberjaya for RM78.42 million cash.

KUALA LUMPUR: Khind Holdings Bhd has proposed to acquire a parcel of freehold land measuring 65,340 sq ft in Setia City, Precint 1, a commercial development in Shah Alam, from S P Setia Bhd's unit Bandar Setia Alam Sdn Bhd for a total of RM7.84 million or RM120 per sq ft.

KUALA LUMPUR: Bursa Securities has approved the admission of the official list and the listing and quotation of the entire 2,680,112,300 units of Sunway Real Estate Investment Trust (REIT) on the REIT sector on the Main Market.

Sunway REIT is set to become Malaysia’s largest when it is listed in 3Q2010.

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak announced that MCA's secretary-general Datuk Seri Kong Cho Ha will be replacing former MCA president Datuk Seri Ong Tee Keat as the Transport Minister in a cabinet reshuffle on Tuesday, June 1.

Kong's post as the Housing and Local Government Minister will be taken over by Datuk Wira Chor Chee Heung.

SHANGHAI: China's introduction of the recent real estate control regulations and policies, will not affect Malaysian conglomerate, Hong Leong Group's property investment projects in China.

KUALA LUMPUR: The long overdue opening of a ramp road leading to the Penchala Link near Mont’Kiara and Desa Sri Hartamas in Kuala Lumpur will finally open this Thursday June 3.