GEORGE TOWN: IJM Land Bhd's latest addition to the RM5.5 billion The Light Waterfront project — The Light Collection 1 — with a gross development value of RM203 million has seen a 50% take-up rate even before its official launch this weekend.

HONG KONG: When Thomas Tam left property heavyweight Cheung Kong (Holdings) to establish his own shopping centre consulting company in 2005, he bet his career on China's vast and fast-growing consumer market.

HONG KONG: Small-scale urban and rural reform under way in Guangdong is expected to deliver development opportunities to Hong Kong's mid-sized players that find it difficult to compete on big development stages dominated by their larger rivals.

HONG KONG: A sharp increase in the number of expatriate executives moving to Hong Kong with their families helped drive a 10.9% rise in rentals of luxury residential properties in the first half of this year — and the trend looks set to continue over the remainder of the year, according to property consultants.

HONG KONG: Local investors have replaced foreign investment funds to become the most active players in Hong Kong's large lump-sum property investment market.

KUALA LUMPUR: The Kuala Lumpur office market is expected to remain soft for the next six months, according to a research report by YY Property Solutions in association with Cushman & Wakefield.

Rental rates are facing downward pressure even for some of the prime office buildings, stated the KL Office MarketBeat report for 2Q2010 on Tuesday, July 27.

KUALA LUMPUR: Bank Negara Malaysia (BNM) has given the green light for property and construction outfit Seloga Holdings Bhd (SHB) to issue warrants under its proposed rights issue to entitled shareholder of the group, who may be non-residents.

The company said on Tuesday, June 27, that the central bank had given the nod in a letter dated July 23, which it had received today.

HONG KONG: New mortgage loans approved in Hong Kong in June fell 7.8% from a year earlier and decreased 6.2% in value terms from May, figures from the Hong Kong Monetary Authority (HKMA) showed.

New loans approved in June totalled HK$35.4 billion (RM14.5 billion), the HKMA said on Tuesday, July 27. 

Month-on-month figures are not seasonally adjusted.

KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) has purchased another 59,000 units in Sunway Real Estate Investment Trust (SunREIT) on Monday, July 26 for 90 sen each, it announced on Bursa Malaysia on Tuesday.

In total, it had acquired 41.81 million SunREIT units since July 8, according to Bursa filings.