On Sept 28, the third and final office tower at Marina Bay Financial Centre (MBFC) in Singapore was topped out. Some 60% of the 1.3 million sq ft Grade-A office space in the 46-storey Tower 3 has already been pre-leased ahead of its expected temporary occupation permit in 2012.

Prime central London” describes the best properties in London’s best central locations but a new study published by Savills reveals a huge divergence in price growth between the top performing properties and the worst within this tightly defined geographical area.

Abu Dhabi’s office, residential, retail and hospitality sectors are expected to move further in favour of tenants over the next six months, according to Jones Lang LaSalle’s Abu Dhabi Real Estate Market Overview for 3Q2011.

KUALA LUMPUR (Nov 18): Sime Darby Bhd's already expensive acquisition of Eastern & Oriental Bhd's (E&O) shares could look even more pricey after the surprise announcement last night that the latter will be converting an estimated 220.11 million loan stocks into ordinary shares before year-end.

LONDON (Nov 18): Britain is set to announce a mortgage guarantee scheme for first-time home buyers, aiming to support the property market where activity is languishing at near-record low levels due to fears over the economy.

BEIJING (Nov 18): China's average home prices in October ticked lower for the first time this year, official data showed on Friday, a victory in Beijing's fight against inflation but also a challenge if prices fall too sharply and stoke further social unrest.

PETALING JAYA (Nov 18): Property developer and construction company KYM Holdings Bhd on Thursday announced a proposed private placement of up to five million new ordinary shares of 50 sen each, representing 4.6% of the group's issued and paid-up capital.

PUCHONG: More than 80% of the first block of The Wharf Residence serviced apartments at The Wharf commercial development in Taman Tasik Prima, Puchong, has been taken up.Officially launched last Saturday, The Wharf Residence comprises three high-rise towers with 1,002 units of serviced apartments.

PUCHONG: Trinity Group Sdn Bhd has unveiled the country’s first air-conditioned bus stop.Located in front of Trinity Group’s office in The Zest commercial development at Bandar Kinrara, Puchong, the bus stop cost RM83,000 to build and maintenance is expected to cost RM1,000 to RM2,000 a month.

LONDON: Despite market volatility in Europe and America, office rents have risen 1.1% across 81 markets around the world during the third quarter (3Q) of 2011, according to Jones Lang LaSalle’s inaugural Global Office Index.The international real estate consultancy’s new Global Office Index showed that this is the seventh consecutive quarter in which prime office rents have increased to achieve