Property consultant Jones Lang LaSalle (JLL) released a white paper on Sept 12 that took a contrarian view that there will not be a major correction in Singapore residential prices in 2014-15. This in spite of the onslaught of new supply being launched via the Government Land Sales (GLS) programme.

Property developers in the Gulf are putting more emphasis on mundane but affordable housing after getting burnt by grand and audacious real estate projects that became financial burdens when market bubbles burst three years ago.

KUALA LUMPUR: Five companies have prequalify to bid for the Mass Rapid Transit (MRT) tunnelling project, with tender documents slated to be given to the companies on Friday, Oct 20, sources say.

TOKYO: Property investment firm MGPA said investment opportunities are emerging again in Japan as more real estate loans mature while lenders sell assets of borrowers who are unable to repay or refinance.

KUALA LUMPUR: The local joint venture still has an edge in the Mass Rapid Transit (MRT) project despite four foreign parties prequalified for the tunneling works of the Sungai Buloh-Kajang MRT line, says OSK Research.

KUALA LUMPUR: Sunrise Bhd has already sold most of the units in Arcoris Suites in Mont'Kiara, ahead of the official launch this weekend. The wholly-owned subsidiary of UEM Land Holdings Bhd said some 90% of the available 262 units were sold following an earlier preview.

The business suites start from RM383,000 or RM660 psf, with built-ups ranging from 660 sq ft to 850 sq ft.

KUALA LUMPUR: Shares in UOA Development Bhd have begun to recover after slumping up to 55% from its initial public offering (IPO) price.

Investor interest has been gaining momentum in the last week as heavy trade buoyed the stock, which saw its volume peak at 39.9 million shares last Thursday, Oct 13.

KUALA LUMPUR: As market volatility drive investors toward defensive stocks, real estate investment trusts (REITs) have come under renewed interest as investors look to reduce risk of capital loss and seek stable returns.

KUALA LUMPUR: Taylor's Education Group is investing RM110 million to build a new international school in Puchong, Selangor.

The school will be located on a 7.8-acre site and cater for more than 2,000 students, with the first phase to open in 2014 with an initial intake of 1,000 students.

Sunway Bhd (Oct 20, RM2.26)