KUALA LUMPUR: St John Woods Residence, an upcoming luxury condominium development in Kuala Lumpur’s Golden Triangle, is receiving good response as 22 out of its 48 units have been reserved by interested buyers since its preview launch on July 16. “The response has been very encouraging as we exceeded our sales target.

ABU DHABI: Recent initiatives taken by the United Arab Emirates government can create momentum in Abu Dhabi’s real estate industry, according to the Abu Dhabi Real Estate Overview 2Q11 report by Jones Lang LaSalle. The report covers Abu Dhabi’s office, residential, retail and hospitality sectors.

DENPASAR (Bali): The allure of enjoying one's holiday within a luxurious villa — complete with personalised service — has proved too strong for tourists to resist. As a result, the tropical island has seen a surge in the number of private villas built especially to cater to the affluent market who are not shy about their demands and are willing to fork out large amounts for the extra perks.

WASHINGTON: Sales of previously owned US homes hit a seven-month low in June as demand for condominiums fell and contract cancellations surged, dampening hopes the distressed housing market was starting to improve.

WASHINGTON: The International Monetary Fund (IMF) said on Wednesday, July 20 it remains concerned with the potential for a property price bubble in China even though the country's elevated inflation rate may peak within the next month or two.

LONDON: British landlord Great Portland Estates posted a first-quarter rise in portfolio valuation, driven by an uptick in the worth of its West End assets and near-term development schemes, and said it expected investor demand to continue.

KUALA LUMPUR: Tan Sri Lim Kok Thay's Genting Group and partner VinaCapital have the Vietnamese government's permission to reclaim 1,555ha of land in the Thang Binh district, paving the way for a US$4 billion (RM12 billion) recreational resort project with gambling facilities for foreigners, said a Vietnam news report.

KUALA LUMPUR: Investors should continue to accumulate property stocks despite the heavy selldown since last week on news of the possibility of a change in housing loan calculations from gross to net pay, said CIMB Research.

KUALA LUMPUR: KLCC Property Holdings Bhd (KLCCP) expects to see an additional RM100 million a year in revenue from its Lot C development from the next financial year.

KUALA LUMPUR: A wholly-owned subsidiary of Kumpulan H&L High Tech Bhd (KHLB), H&L Properties Development Sdn Bhd (H&LPD), has entered into a joint venture (JV) to develop two plots of land in Kinta, Perak with a gross development value (GDV) of RM21 million.