KUALA LUMPUR: The proportion of foreign buyers for both new and secondary private homes in Singapore has reached a new high of 16% in 1Q11 to overtake the previous high of 15% recorded in 4Q07, according to DTZ Research.Malaysia, Indonesia, China and India made up 75% of the total transactions by foreigners and permanent residents in 1Q11.

KUALA LUMPUR: Singapore-based Azea Property Investment (API) has teamed up with local partner Dot Greenland Sdn Bhd to undertake the development of a commercial complex in the heart of George Town, Penang. The freehold project called Anson Cube will be on a 28,000 sq ft site.

HONG KONG: The Hong Kong residential market is in a robust upward trend with housing sites fetching high prices in recent land auctions and individual residential developments registering record high transactions.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) plans to increase its recurring income to between 20% and 25% in the next two to three years.

KUALA LUMPUR: Police will investigate the possibility of negligence in the case of the landslide that took 16 lives at Rumah Anak-Anak Yatim dan Anak-Anak Hidayah Al-Taqwa in Hulu Langat, near here, if reports from the experts confirm that.

KUALA LUMPUR: AEON Co (M) Bhd plans to expand its outlets to 100 by 2020 from the current 27 with more supermarkets and discount stores.

"This year, we will open a new community shopping centre in Rawang, Selangor and plan to open a second shopping centre in Ipoh next year, with both having a total investment of RM300 million," said its outgoing managing director Nagahisa Oyama.

LONDON: British property developer Minerva said it had received a possible cash offer of 120.5 pence (RM5.98) a share from a consortium of investors through a special purpose vehicle, Jupiter Properties 2011 UK Ltd.

HONG KONG: The ex-lover and feng shui master of late Hong Kong billionaire Nina Wang was formally charged by police on Thursday, May 26 with forgery of a will he claimed entitled him to the heiress's huge estate.

KUALA LUMPUR: Fifty-two families in Taman Sri Gombak are worried about soil erosion on a hillslope taking place only about 30 metres away from their housing area.

A resident, Yusri Kamaruddin, 40, said the soil erosion occurred little by little since the end of 2009.

KUALA LUMPUR: Land & General Bhd (L&G) founder Tan Sri Wan Azmi Wan Hamzah has ceased to be a substantial of the property group after he disposed of 3.81 million shares in May and reduced his total shareholding to 4.37%.