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UK residential market positive for 2011

KUALA LUMPUR: The UK residential market is strengthening, reported Knight Frank head of residential research Liam Bailey in January 2011's Residential Market Update.

13 January, 2011
HK luxury, mass residentials on upswing in 2011

KUALA LUMPUR: Hong Kong's luxury and mass residential property transactions are experiencing an upward trend after recovering from a dip in November last year, stated Knight Frank in its January 2011 monthly property report.

13 January, 2011
VERVE Suites to be fully sold within a year, says developer

KUALA LUMPUR: Niche boutique developer Bukit Kiara Properties Sdn Bhd expects its VERVE Suites which consists of four towers — Viva, Vibe, Vogue and Vox — to be fully sold within a year.

To date, Viva Tower A and Vibe Tower B are 100% sold out and completed.

13 January, 2011
Property market to be positive this year

KUALA LUMPUR: The outlook for the property market this year is expected to be positive following the likely moderate recovery in the country's economy, said Rahim & Co Chartered Surveyors Sdn Bhd, one of the largest real estate consultancy firms in Malaysia.

13 January, 2011
Faber loses foreign contracts worth RM184 million

KUALA LUMPUR: Faber Group Bhd (Faber) has lost contracts worth about RM184 million in Abu Dhabi after the Department of Municipal Affairs, Western Region Municipality (WRM), Emirate of Abu Dhabi opted not to renew the contracts.

13 January, 2011
Wing Tai to acquire land for RM75m

KUALA LUMPUR: Wing Tai Malaysia Bhd (Wing Tai) is acquiring a freehold tract in Kuala Lumpur for RM75 million for future residential development.

13 January, 2011
KL 4Q2010 property market ended with mixed performance

KUALA LUMPUR: The outlook for the office sector in Kuala Lumpur is expected to remain soft in favour of tenants over the next few years, with 13.2 million sq ft of new office space in the pipeline between 2011 and 2013, according to real estate consultancy DTZ Nawawi Tie Leung Sdn Bhd.

13 January, 2011
US 2010 home foreclosures top one million for first time

WASHINGTON: Banks seized more than a million US homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, a leading firm said on Thursday, Jan 13.

13 January, 2011
Brisbane avoids worst in floods, sees years of rebuilding

BRISBANE: Flood water in Australia's third-biggest city peaked below feared catastrophic levels on Thursday, Jan 13 but Brisbane and other devastated regions faced years of rebuilding as a fresh flood threat loomed with a cyclonic storm building off the coast.

13 January, 2011