KUALA LUMPUR: Mitraland Group has sold some 70% of its recently launched Lake 6 Entrepreneurs Park, its first industrial project in Puchong. About 60% were sold prior to the launch.

KUALA LUMPUR: The High Court has granted the application of judicial review for the land acquisition for nine plots of land in Jalan Bukit Bintang area for the Mass Rapid Transit (MRT) project.

KOTA BHARU: The revelation by a study that 400,000 Kelantanese cannot afford to buy a house is a serious matter which must be tackled, says Datuk Mohd Fatmi Che Salleh, political secretary to the prime minister.

The study, conducted by the Real Estate and Housing Developers Association (Rehda), found that the 400,000 Kelantanese had a monthly income of below RM2,000.

SINGAPORE: CapitaLand, CapitaCommercial Trust and Mitsubishi Estate Asia's joint venture Market Street office tower project will be designed by internationally-acclaimed Toyo Ito, founder of Toyo Ito & Associates.

The proposed 40-storey office tower design is a conceptual expansion of the earth's surface and will be located in Singapore's Central Business District (CBD).

SHENZEN: Developers of China residential properties are expected to adopt a price-cutting strategy to boost sales as cautious home seekers are reluctant to enter the market during what is usually the peak season.

Property agents said sales were down by as much as 70% against the same period last year.

HONG KONG: Competition for potential buyers is heating up, with Cheung Kong (Holdings) launching a big residential project in Tseung Kwan O at lower-than-expected prices.

It aims to entice sales as secondary transactions have dropped to their lowest point since the last quarter of 2008.

SHANGHAI: More China home seekers are deciding to keep renting instead of buying in anticipation of a further fall in prices, contributing to the continuing rise in rents across the nation.

"A unit release at a reasonable rent will get a tenant in two days," said Lu Xiaoming, of Ming Ming Property Consultant in Shanghai.

KUALA LUMPUR: Securities Commission (SC) chairman Tan Sri Zarinah Anwar declined to pinpoint a tentative date when the regulatory body would make public its findings from investigations into Sime Darby Bhd's acquisition of a 30% block in Eastern & Oriental Bhd (E&O).

KUALA LUMPUR: Bandar Raya Development Bhd (BRDB) has received a letter of offer from its major shareholder Ambang Sehati Sdn Bhd to buy the former's assets at the price to be determined later.

SUBANG JAYA: Middle and high-end properties are getting more expensive partly because developers are passing on the costs they have to bear in building low-cost houses.