WELLINGTON: Quake-ravaged Christchurch, New Zealand's second biggest city, plans to spend about NZ$2 billion (RM4.95 billion) rebuilding its heavily-damaged downtown, including building a memorial to the 181 victims, the City Council said on Thursday, Aug 11.

TOKYO: Global private equity firm Lone Star has put a Tokyo property on sale aiming to raise up to ¥100 billion (RM3.91 billion) before loans on the office and banquet hall complex mature early next year, sources with knowledge of the matter said.

SINGAPORE: City Developments (CityDev), Southeast Asia's second-largest property developer, reported a 17% rise quarterly earnings and said it does not expect Singapore to introduce more measures to curb housing prices in the wake of worries over the global economy.

PETALING JAYA: Bandar Raya Developments Bhd's (BRDB) first foray into the mid-range residential market in the Klang Valley — Verdana@North Kiara — is likely to set a benchmark price for condominiums in the Dutamas area in Kuala Lumpur.

PETALING JAYA: Bandar Raya Developments Bhd’s (BRDB) first foray into the mid-range residential market in the Klang Valley — Verdana@North Kiara — is likely to set a benchmark price for condominiums in the Dutamas area in Kuala Lumpur. Verdana is priced at RM580 psf on average with unit sizes ranging from 1,400 sq ft to 3,000 sq ft.

KUALA LUMPUR: With increasing end-user demand and the government’s initiative to push for wider broadband usage, developers may soon be expected to install fibre to the home (FTTH) infrastructure in their developments.FTTH, which refers to fibre-optic cables, can deliver video, Internet and voice services through greater high-speed broadband connection with high definition.Guven Togan, chief te

KUALA LUMPUR: Price growth in prime city residential markets has slowed, and this is likely to continue due to rising concerns over the global economy, according to global real estate consultancy Knight Frank.

PHUKET: Rising tourism arrivals in Phuket, Thailand is auguring well for its hospitality sector as the first half (1H) of 2011 saw a surge in Phuket’s average occupancy across all hotel tiers to 73%, according to C9 Hotelworks’ Phuket Hotel Market Update.“Key market metric revpar (revenue per available room) moved up to its highest level since the global financial crisis in 2008,” said C9 Hotel

KUALA LUMPUR: Terengganu-based construction outfit Ahmad Zaki Resources Bhd (AZRB) has reached financial close with Bank Pembangunan Malaysia Bhd for the RM1.5 billion KL Outer Ring Road (KLORR) project, industry sources say.

MUMBAI: Capital values on Pune, India residential market is expected to appreciate by another 3% to 4% by end of the year. following an appreciation of 4% to 6% in 1H2011, according to Jones Lang LaSalle India's (JLL India) latest Pune Residential Property Market Update.