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Home prices defy curbs to rise further

CHINA: Driven by strong demand, average prices of new homes in 100 major mainland cities rose 1 per cent last month from March, extending the run of increases to 11 consecutive months, the China Index Academy said.

South Korea April housing prices flat

SEOUL: Housing prices across South Korea held steady in April from March after 10 consecutive months of declines, but fell by the fastest annual pace in almost four years, data from the country’s top mortgage lender showed yesterday.

Hong Kong retail rent growth seen at 5% this year

HONG KONG: Retail rents in Hong Kong are expected to grow at a more moderate pace of about 5% this year, says Jones Lang LaSalle.

In its new report, the firm said the limited availability of retail space and consequently high rents in prime shopping districts continue to challenge cost-sensitive retailers, many of whom are no longer able or willing to commit to paying higher rents.

OSK Properties acquires land in Shah Alam

KUALA LUMPUR: OSK Properties Bhd (OSKP) has entered into a sale and purchase agreement with Kuala Dimensi Sdn Bhd for two parcels of leasehold commercial land in Bandar Shah Alam, Selangor, for RM15.2 million.

Ho Bee's next move

Ho Bee Investment's headquarters at HB Centre 1 on Tannery Road seem an unlikely place from which to oversee a decade of swashbuckling investment in Singapore's luxury property sector.

Najib promises 9,999 houses in Penang, a million nationwide

Najib promises 9,999 houses in Penang, a million nationwide

GEORGE TOWN: Caretaker Prime Minister Datuk Seri Najib Razak has announced that the federal government will build 9,999 low-medium cost and affordable houses in three areas to ensure that the people of Penang have better living standards.

China home prices up for 11th straight month in April-survey

BEIJING: Average home prices in China's 100 biggest cities rose in April from the previous month, the eleventh straight month-on-month rise, a private survey showed on Thursday, raising the risk of further tightening steps despite recent government measures to crack down on speculation.

Popular pub out as Hysan redevelops Causeway Bay's Sunning Plaza

HONG KONG: Causeway Bay is to lose a popular pub and restaurant on Hoi Ping Road to an office development.

Landlord Hysan Development told more than 20 tenants of Sunning Plaza several weeks ago they would have to vacate the buildings in September.