LONDON: The Gherkin skyscraper in the City of London has been put up for sale and the landmark building is expected to attract interest from around the world, joint agents Savills plc and Deloitte Real Estate said on Tuesday.

The 40-storey office tower is being sold by receivers after one of its joint owners, Germany’s IVG Immobilien AG, filed for insolvency last year.

KUALA LUMPUR: The current state of India’s government finances and situation does not leave much room for populism, but considering the high inflation and curtailed savings, taxpayers can still expect some good news from the new government, according to Jones Lang LaSalle India’s (JLL) Budget 2014 — Positive for India Real Estate report.

KOTA BARU: Sara-Timur Urban Development Sdn Bhd is banking on the completion of its first parcel to bolster investor confidence for its RM1.2 billion landmark development — Lagenda Tunjong in Kota Baru, Kelantan.

SYDNEY: Crown International Holdings Group Ltd, a Sydney-based boutique developer has released additional 26 units of the remaining 184 units of its V by Crown development. Crown Group director of sales and marketing Adam Sparkes said the release of these units is due to heavy demand.

PETALING JAYA: Sunway Bhd’s development Sunway Geo Residences 2 recorded an 80% take-up rate during its soft launch at Menara Sunway on July 19 and 20.

MELBOURNE: Singapore’s City Developments and Australia’s Stockland Group are considering bidding for Leighton Holdings’ US$7 billion (RM22.3 billion) residential and commercial property portfolio, according to a report in the Australian Financial Review on Tuesday.

KUALA LUMPUR: The hardly traded GuocoLand (M) Bhd has attracted buying interest of late following its recent acquisition of a property company to expand its land bank and a slew of development plans.

THE Malaysian economy beat forecasts with its gross domestic product (GDP) growing at 6.2% in the first quarter of 2014 (1Q14), thanks to sustained domestic demand and recovering net exports.

HONG KONG: Hangzhou, one of the cities in China most deeply affected by an oversupply of housing and weakening property prices, has announced fresh moves to ease home purchase restrictions, following similar steps taken by other city governments.