BEIJING: China's land market cooled in the second quarter, with prices falling in some major cities after an array of government measures to curb housing inflation, the China Securities Journal said on Monday, July 18, citing the Ministry of Land and Resources.

BEIJING: China's annual housing inflation ticked higher in June for the first time this year, official data showed on Monday, July 18, keeping up pressure on the government to rein in the red-hot property sector.

Many economists have warned that a bursting of a property bubble is the biggest risk facing the world's second-largest economy in the medium to long term.

PUTRAJAYA: The Housing and Local Government Ministry will relocate to Persiaran Perdana, Precinct 4, Putrajaya in stages beginning Monday, July 18.

According to a statement issued by the ministry's Corporate Communication Unit, the new premises would be fully operational by Sept 1.

PETALING JAYA: Mah Sing Group Bhd's Icon City integrated development in SS8, Petaling Jaya has racked up more than RM426.5 million in sales so far, including sales of its commercial i-SoVo (small office versatile office) units, 30 Jewels and Gourmet Street.

KUALA LUMPUR: The G Hotel Penang was awarded the "Best Hotel Construction and Design in Malaysia" award at the Asia Pacific Property Awards 2011, it said in a release dated Friday, July 15.

This hotel, which opened in January 2007, is a contemporary design hotel located next to the landmark Gurney Plaza Shopping Mall at Gurney Drive, Penang.

The number of genuine homebuyers looking for homes on the auction market has increased lately. These homes continue to see strong sales, according to auction houses.

Kajang, known for its signature satay dish, is, for all intents and purposes, a laidback town. Its hub is a maze of narrow roads lined with pre-war and more modern shops anchored by Plaza Metro Kajang, which was developed by local stalwart MKH, formerly known as Metro Kajang Holdings Bhd.

Niche developer LBI Capital Bhd looks set to diversify into the hospitality industry with its proposed hotel developments in Genting Highlands and Batu Ferringhi in Penang.

The  London property market has seen increased rentals of late. Londoners who have been unable to purchase their first house have resorted to renting, which has helped boost the segment.

The upscale waterfront residential enclave of Sentosa Cove in Singapore can probably lay claim to having the highest concentration of Singapore’s rich, famous and flamboyant. There’s clearly a buzz as construction continues at many of these homes, which are in various stages of completion.