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HK office market into full recovery

HONG KONG: The office sector in Hong Kong has entered into a full recovery, with property values being driven higher and rents going up, according to Barclays Capital.

Amid strong demand, the investment bank forecasts year-on-year growth in grade-A office spot rents of 20% to 25% this year.

Tsang's benchmark shifts under his feet

HONG KONG: "Where can I buy a flat for HK$4,000 (RM1,588.13) per square foot?"

If Chief Executive Donald Tsang Yam-kuen goes live on radio after his policy address on Wednesday, history may repeat itself and this could once again be the most challenging question he has to tackle.

School floor collapses; injures ten students

ALOR SETAR: Ten students of Sekolah Kebangsaan Gunong in Gunung Keriang near here were injured, two of them seriously, when the floor of their classroom collapsed on Wednesday, Oct 13.

The incident occurred about 11am when the students, among a class of 30 Standard Four pupils, were having Islamic Education lesson.

Rajang Port Authority in talks to acquire more space for container yard

SIBU: The Rajang Port Authority (RPA) is in talks with a private developer to acquire more space for its container yard.

Its chairman Vincent Goh Chung Siong said the port had been approached by the developer who wanted to exchange some land for a waterfront project near the port area.

Final MAPEX exhibition to run from Oct 22 to Oct 24

KUALA LUMPUR: The final Klang Valley Malaysia Property Expo (MAPEX) for 2010 will take place from Oct 22 - 24 at Midvalley Megamall's Midvalley Exhibition Centre, Real Estate and Housing Developers' Association (Rehda) announced in a statement on Wednesday, Oct 13.

Time to bloom (HwangDBS Research property sector update Oct 12, 2010)

Time to bloom
• Budget 2011 may not feature RPGT hike, LTV-cap already anticipated for third property onwards (minimal impact on sector)
• More positive newsflow on infrastructure and government land redevelopment projects
• Landlords of prime land with international development potential in KL will be biggest winners.

MGBC launches green building product directory and services

KUALA LUMPUR: The Malaysia Green Building Confederation (MGBC) on Wednesday, Oct 13, launched GreenPagesMalaysia, a green building products and services directory that serves to promote sustainable products and services to industry professionals and the general public.

HK chief says to increase land for housing

HONG KONG: Hong Kong Chief Executive Donald Tsang said on Wednesday, Oct 13 that Hong Kong will increase housing supply to try to cool the overheating property market.

"To ensure a healthy and stable property market in the next 10 years, on average, land needs to be made available annually for about 20,000 private residential flats," Tsang said in his annual policy speech.