LONDON: Property investor British Land posted a rise in first-quarter net asset value (NAV) on the back of its 1.1 billion pounds development programme, and said it expects acquisitions to drive income and value returns.

Mah Sing Group Bhd (Aug 3, RM2.44)

KUALA LUMPUR: Danajamin Nasional Bhd has sealed an agreement with property developer Riverson Corp Sdn Bhd to guarantee the latter's RM200 million five-year private debt securities programme to finance the construction of a mixed integrated commercial development in Kota Kinabalu, Sabah.

KUALA LUMPUR: Mah Sing Group Bhd's latest land deal has won the thumbs-up from analysts as development rights to the 4.08-acre (1.63ha) parcel that formerly housed the Pekeliling flats, give the group potential access to a larger piece of prime landbank in the Klang Valley.

KUALA LUMPUR: UOA Development Bhd's single largest shareholder UOA Holdings Sdn Bhd bought 2.329 million shares from the open market since its listing on June 8.

Filings with Bursa Malaysia showed the recent acquisitions raised its shareholding to 66.77% or 798.48 million shares, up from 796.48 million shares or 66.58%.

LONDON: British housebuilder Taylor Wimpey reported a rise in first-half margins and profit and predicted a stable housing market, despite economic conditions forecast to be tough for the remainder of the year.

BEIJING: Office rents in Beijing and Jakarta rose about 15% in the second quarter from the previous three months, the fastest among 27 Asian markets, property consultant Jones Lang LaSalle (JLL) said, as tight supply and strong corporate growth lifted prices.

LONDON: Prime London property prices have risen by 9.6% over the last 12 months, and are now 35% higher than the post-credit crunch period in March 2009.

In July, the property prices rose by 0.7% on monthly change, taking the increase in the three month period to July up to 1%.

HONG KONG: You might think you do not have room to create a spa retreat at home, but could you fit in a cocoon? That is the essence of a spa experience, according to award-winning designer Ed Ng Chung-hong, and it is not defined by space.

HONG KONG: The price of one kind of property continues to see massive escalation this year — the Discovery Bay golf cart. The latest transactions for the highly prized and highly restricted vehicles broke the HK$2 million (RM760,510.16) mark.