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Alarm bells ring on London rent levels

LONDON (Feb 1): With many of London's private tenants paying more than half of their earnings in rent, the market has become a hot political issue.

Some politicians want rent controls, others want an accreditation scheme for landlords. Hong Kong owners of London rental property would be affected should any of these reforms be introduced.

China, HK backers buy into Bath

BATH (Feb 1): China and Hong Kong investors have taken a 50% stake in a property fund that is undertaking a £60 million (RM287.23 million) restoration of a 220-year-old Georgian crescent in Bath, transforming it into a luxury residential project.

Low rates will not lift dull market

HONG KONG (Feb 1): The prospect of US interest rates being kept near zero until late-2014 may keep a lid on any rises in Hong Kong home loan rates, but will not be a magic wand for the sluggish local property market, say analysts.

Tuen Mun site set to test the resolve of developers

HONG KONG (Feb 1): A low-density residential site being offered for tender in Tuen Mun is expected to sell for up to HK$3.76 billion (RM1.48 billion), property analysts say.

The government released the site at Castle Peak Road in So Kwun Wat, Tuen Mun, for tender in December last year. The tender period will close on Friday.

Sentoria to invest RM48m on 2nd theme park

KUALA LUMPUR (Jan 31): Sentoria Group Bhd, developer and operator of Bukit Gambang Resort City (BGRC) in Pahang, plans to invest some RM48 million in a second theme park, dubbed Bukit Gambang Safari Park, in the resort city.

Australia business activity, housing subdued in Dec

SYDNEY (Jan 31): Australian business conditions were stable in December as cuts in interest rates helped offset the gloom engulfing Europe, a survey showed on Tuesday, while an easing in price pressures pointed to scope for further stimulus ahead.

Deutsche Bank: Zero home sales in Beijing a technical issue

HONG KONG (Jan 31): The lack of home sales recorded in Beijing over the week-long Lunar New Year holiday was the result of a technical issue and concern over the issue is misplaced, Deutsche Bank AG said in a research note on Tuesday.

Singapore property firm struggles to sell luxury flats

SINGAPORE (Jan 31): Located in an exclusive neighbourhood near Singapore's Orchard Road shopping district, Nassim Hill condominium boasts 16 luxury triplex apartments with private rooftop pools and gardens.

Fire destroys three business premises in Alor Setar

ALOR SETAR (Jan 31): Fire destroyed three business premises located in a three storey building in Jalan Teluk Wan Jah here early on Tuesday.

The fire at about 4am destroyed an electrical appliance shop, a beauty centre and an insurance office.

UMLand opens new office, sales gallery in Bandar Seri Alam

JOHOR BAHRU (Jan 30): Seri Alam Properties Sdn Bhd (SAP), a wholly-owned subsidiary of United Malayan Land Bhd (UMLand), has opened its new corporate office and sales gallery in Bandar Seri Alam, Johor, named Galleria Seri Alam.