HONG KONG: CB Richard Ellis (CBRE), the world's largest commercial real estate services firm, has elected Dr Mark Smith as managing director for client development for global corporate services.

Based in Hong Kong, Smith will be responsible for client development of global corporate services business across Asia.

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has roped in several local and international consultant companies to help in its plan to develop its Kuala Lumpur International Financial District (KLIFD) project.

KUALA LUMPUR: Timber and property development company Eksons Corp Bhd has acquired 37 pieces of land totalling approximately 30ha for RM22.3 million, boosting its landbank for future development.

HONG KONG: If you see groups of Taiwanese yuppies hanging around Hong Kong's major shopping and entertainment districts, don't be surprised.

HONG KONG: The tender for a former government supplies depot in North Point is expected to attract keen interest from developers despite last week's poor land auction result and the volatile share market, which has sapped market confidence.

HONG KONG: Sellers have begun cutting their asking prices for Hong Kong properties in response to growing uncertainty over the global economic outlook — creating new opportunities for buyers who until now have been priced out of home ownership.

HONG KONG: The market for Hong Kong homes has reached a turning point, with prices and transaction volumes both likely to see corrections, says property consultant CB Richard Ellis (CBRE).

PUTRAJAYA: From next year onwards, civil servants can apply for housing loans via the Malaysian Treasury's integrated housing application system portal.

GEORGE TOWN: After staying away from the Penang property scene for more than 20 years, Berjaya Land Bhd (BLand) is returning in a big way. And it is picking up arguably the most controversial piece of real estate on the island to mark its return — a part of the Penang Turf Club (PNTC).

KUALA LUMPUR: Mah Sing Group Bhd staged a strong set of earnings, with net profit up 47.9% to RM43.13 million in the second quarter ended June 30 from RM29.16 million a year ago, with unbilled locked in sales and remaining gross development value of more than RM14.5 billion.