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Prime-flat sales still satisfactory, agents say

HONG KONG: Despite recent mortgage rate rises, sales of new homes at some developments in Hong Kong remain satisfactory, agents say. Seventy-four new flats were sold last weekend, up from 57 on May 21 and 22.

Falling prices for wineries lure investors

HONG KONG: Investments in vineyards is on the rise across the world as prices for these types of properties have retreated in most locations, research from estate agency Knight Frank shows.

Chinese businesses are among those entering the market.

Rise in land supply won't drag prices down

HONG KONG: There is no evidence that small flats are becoming more affordable, despite the release of more sites earmarked for their construction, property analysts said.

Investors drive small flats out of reach

HONG KONG: Investors are pushing the prices of new small flats in Hong Kong to fresh highs that are beyond the reach of first-time owner-occupiers.

Evidence that genuine end-users are being squeezed out was on display at two launches last month that saw the price of a 297 sq ft one-bedroom flat hit HK$5.19 million (RM2.01 million), and almost double that for a 467 sq ft flat.

Last two floors of Taragon Kelana now open for sale

KUALA LUMPUR: The last two floors of Taragon Kelana Commercial Centre are now open for sale.

"Launched in early 2010, the freehold property is now offering an attractive guaranteed rental return of seven per cent for 36 months for its last two floors of office suites," developer Blackstone Seven Sdn Bhd said in a statement on Thursday, June 2.

Benalec monetises reclaimed land in Melaka

KUALA LUMPUR: Benalec Holdings Bhd on Wednesday, June 1 entered into two separate deals, one on land disposal while another on joint venture (JV) property development, with Melaka-based developer Vista Selesa Development Sdn Bhd.

UDA: Sale of prime KL land will beef up cash flow

KUALA LUMPUR: UDA Holdings Bhd's recent proposed divestment of prime land along Jalan Sultan Ismail will help strengthen the company's cash position and replenish its depleting landbank in the Klang Valley, said UDA chairman Datuk Nur Jazlan Mohamed.

Tiong Nam buys Nusajaya land for RM30.95m

KUALA LUMPUR: Tiong Nam Logistics Holdings Bhd's wholly-owned subsidiary Terminal Perintis Sdn Bhd (TPSB), has bought a 3.23-acre commercial land parcel in Puteri Harbour, Nusajaya.

The RM30.95 million sale and purchase agreement was signed with UEM Land Bhd, a wholly-owned subsidiary of UEM Land Holdings Bhd and the master developer of Nusajaya, on Wednesday, June 1.

CapitalMalls Asia in joint venture to develop commercial projects in S'pore

SINGAPORE: CapitaMalls Asia together with CapitaMall Trust Management Ltd and CapitaLand will develop commercial projects comprising a shopping mall and retail cum office premises with a total development cost of S$1.5 billion at Jurong Gateway.

CapitaMall Trust Management Ltd is also the manager of CapitaMall Trust.