KUALA LUMPUR: Foster+Partners wins a competition to design Luxembourg Royal Hamilius, a mixed-development project in the heart of the city of Luxembourg.

SRI AMAN: The government has implemented two measures under its new initiative to ensure the privileges for owners of the Native Customary Rights (NCR) land apart from developing the land in a more profitable way.

HONG KONG: Hong Kong's residential mortgage loans (RMLs) in negative equity were estimated to have decreased 51% to 152 cases by end-September from 310 cases at the end of June, data from the Hong Kong Monetary Authority showed.

The aggregate value of RMLs in negative equity fell to HK$200 million (RM80.08 million) as at the end of September, from HK$500 million in June.

SYDNEY: Australia's house prices posted their smallest quarterly rise since early 2009, indicating the red-hot sector was losing some steam and helping bolster views that interest rates are likely to stay on hold this week.

HONG KONG: Bidding for a luxury site to be auctioned in Kowloon Tong on Wednesday will take place under the shadow of new rules capping the amount of common space that may be added on to a development to 10% of its permitted gross floor area (GFA).

Axis REIT, which completed the acquisition of four new properties last month, recently saw the value of its portfolio exceed RM1 billion.

Engtex Group Bhd has long been known as a manufacturer of construction materials. But what many may not be aware of is that the group is also a property developer.
While Engtex Properties Sdn Bhd was officially incorporated in August 2007, says general manager Lee Geok Ai, its history stretches back to 1996 with the setting up of Tiaraview Management Sdn Bhd (Tiaraview).

Office market remains stable
 
The Klang Valley office market is expected to remain fairly stable until December.
The near-term outlook is supported by strong economic indicators such as the government’s Economic Transformation Programme which has identified 131 Entry Point Projects to generate business and job opportunities.

If the recent transactions in the Marina Bay area are anything to go by, investors with deep pockets are starting to nibble selectively at choice morsels in the high-end residential market. The choicest apartments in the Marina Bay neighbourhood are undoubtedly those that command superb views of the bay from their lofty locations.

In the high-end condominium market, Allgreen Properties started previews of the 118-unit Suites at Orchard on Handy Road on Oct 14 and, as at Oct 18, around 70% of the units were sold at prices ranging from S$2,000 to S$2,200 psf. The developer officially launched the project over the weekend of Oct 23 and 24.