KUALA LUMPUR: The government will launch an affordable quality housing programme for houses priced at RM220,000 and below to enable the younger generation to own a house, Prime Minister Datuk Seri Najib Tun Razak said.

CANBERRA: New home sales increased in March, but volumes remained well below the historical average, reports the Housing Industry Association of Australia (HIA).

KUALA LUMPUR: The property market in the historical city of Melaka, particularly its commercial retail and hospitality sectors, will continue to grow as long as it continues to draw tourists, said real estate consultants.

Its listing as a Unesco World Heritage Site has also boosted its tourism sector, which accounts for 70% of the state’s gross domestic product (GDP).

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) has begun selling the first homes at its new 404ha township Bandar Seri Coalfields in Sungai Buloh.

The freehold township sits opposite its 57.5ha Desa Coalfields freehold township which was launched in 2001.

KUALA LUMPUR: Mutiara Goodyear Development Bhd (Mutiara) is partnering with Tambun Indah Land Bhd (Tambun Indah) to develop a 527-acre land in Seberang Perai.

BEIJING: Home sales were mixed on the mainland over the May Day weekend, with Shenzhen and Guangzhou recording buying interest after developers offered big discounts, but demand in other cities remained low.

HONG KONG: Property developers cut back sharply on advertising budgets in the first quarter of the year — contrasting with a big rise in advertising spending in other sectors in the period.

HONG KONG: Demand for higher-quality homes is on the rise and has driven prices of luxury properties to their highest levels in history.

It's a trend correctly called by Nan Fung Development managing director Donald Choi Wun-hing, who positioned his company to ride the wave of upmarket demand.

KUALA LUMPUR: As multi-billion ringgit investments in Johor's Iskandar Malaysia take shape, property players and investors are increasingly positive that the Johor property market is poised for a golden era after a sluggish decade.

KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) posted a pre-tax profit of RM43.7 million and a revenue of RM82.3 million for the third quarter ended March 31, 2011.

In a filing with Bursa Malaysia on Tuesday, May 3, the company said it registered a gross revenue of RM240.1 million and a net property income of RM179 million for year-to-date ended March 31, 2011.