Fancy a home within a home? Although uncommon in condominium developments, this is exactly what See Hoy Chan Sdn Bhd’s (SHCSB) latest project — Seringin Residences — in Kuala Lumpur’s Jalan Klang Lama offers. Some of the condos come with a built-in studio apartment.

SYDNEY: Australian home prices in major cities slipped 0.4% in August, the smallest fall since April, as expectations for interest rate hikes waned, and prices could recover if rates do indeed drop, property consultants RP Data and Rismark said on Friday, Sept 30.

"There's been a big shift in interest rate expectations," said Rismark economist Christopher Joye.

HONG KONG: Singapore-based shopping mall developer CapitaMalls Asia said on Friday, Sept 30 its secondary listing in Hong Kong would begin trade on Oct 18.

No new shares will be issued as a result of the Hong Kong listing, it said in a filing to the Hong Kong bourse.

HONG KONG: Shares of Chinese property developer Evergrande fell by as much as 18% on Friday, Sept 30 in its biggest plunge ever, hit by fears that its September sales could come in worse than expected and continued worries about high debt levels.

PETALING JAYA: Apart from substantial shareholder Tan Sri Liew Kee Sin, S P Setia Bhd's minority shareholders are probably also thinking hard whether to accept Permodalan Nasional Bhd's (PNB) takeover offer of RM3.90 per share.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) defended its conditional takeover offer for S P Setia Bhd at RM3.90 per share  as "fair and reasonable".

KUALA LUMPUR: Gamuda Bhd registered a 45.5% rise in net profit to RM126.2 million for its 4QFY11 ended July 31 from RM86.7 million in FY10. Revenue grew 13.4% to RM810.6 million in the same period.

PETALING JAYA: Malaysia's largest sugar refiner MSM Malaysia Holdings Bhd on Thursday, Sept 29 announced it has executed the lease agreement between the group and Perbadanan Aset Keretapi (PAK) over the lease of plots of freehold land in Bandar Prai, Seberang Prai Tengah, Penang.

KUALA LUMPUR: Selangor Properties Bhd (Selprop) posted RM31.6 million in net profit for 3QFY11 ended July 31, 319% higher than RM7.5 million in the same period last year, due to the recognition profit on the sale of stage two apartments in Australia amounting to RM11.2 million and a foreign exchange gain of RM6 million.

HONG KONG: Hong Kong is the most expensive city in the world when it comes to billionaire trophy homes, according to a report by Savills, the international property consultant.

"Billionaire properties in Hong Kong average £6,700 (RM33,444) per sq ft," said the report, which calculates a price index of homes for the super rich in 10 top cities around the world.