KUALA LUMPUR: Axis REIT Managers Bhd is acquiring two pieces of industrial land near Bukit Mertajam, Penang for RM59 million from  Apex Properties Sdn Bhd.

SHANGHAI: SOHO China will be "actively buying" property over the next six months because it expects government measures to control soaring real estate prices to end within that period, its chief executive said on Wednesday, Sept 28.

Zhang Xin told a gathering of foreign correspondents in Shanghai that it was a good time to make acquisitions now.

HONG KONG: Jo Gray and business partner Jeff Ovens, both from Britain, are unfazed by slowing sales in Hong Kong's housing market and the continuing turmoil in global financial markets.

HONG KONG: Developers may slow or delay the launch of new flats after Cheung Kong (Holdings) only sold about 500 in its Tseung Kwan O project in the first three days of sales, according to property analysts.

SHENZEN: Property sales in major China cities are expected to remain sluggish during the "golden week" national holiday that starts this weekend.

Traditionally a peak period for sales, the seven-day holiday from Saturday, Oct 1, is not expected to see the usual number of buyers, say agents, despite the promise of developer discounts to encourage sales.

HONG KONG: The streets of Mong Kok, the most densely populated district in Hong Kong, teem with shoppers. But for retailers in the area, translating the heavy pedestrian traffic into profits can be a challenge.

KUALA LUMPUR: The Court of Appeal has ruled that Sunway Real Estate Investment Trust (SunREIT) is the rightful owner of Putra Place building and dismissed the appeal by Metroplex Holdings Sdn Bhd.

Sunway group in a statement on Tuesday, Sept 27 said the Court of Appeal had dismissed Metroplex's appeal against the High Court's orders granted on June 28.

KUALA LUMPUR: The Malaysian Chinese Association's (MCA) acquisition of Menara Multi-Purpose is a long-term investment for the party, said president Datuk Seri Dr Chua Soi Lek.

On Monday, Sept 26, Multi-Purpose Holdings Bhd (MPHB) announced that it had disposed of the 43-storey Menara Multi-Purpose together with 414 car park bays free from encumbrances to MCA for RM375 million.

KUALA LUMPUR: Malaysian-owned InterContinental Sydney, located just next to Sydney's famous Opera House, has been voted as one of the top city hotels in Australasia, as part of this year's Travel+Leisure World's Best Awards, according to Mulpha International Bhd on Tuesday, Sept 27.

PETALING JAYA: In a win for minority shareholders, the proposed asset disposal exercise by Bandar Raya Development Bhd (BRDB) to its major shareholder Ambang Sehati Sdn Bhd has been now scrapped and will be undertaken by an open tender system, after analysts and the media pointed out that minority shareholders could be on the losing end should the deal go through without opening it to other com