CAIRO: An Egyptian court ruled on Tuesday, Apr 26 that a state land sale to Palm Hills Development was illegal and scrapped the contract, sending more alarm through Egypt's battered property sector.

LONDON: Part-nationalised British bank Lloyds is eyeing a deal with the UK's largest listed housing landlord Grainger aimed at restoring the value of Lloyds' housing portfolio which got hit by the credit crisis.

A Lloyds spokesman said on Tuesday, Apr 26  that Grainger had been picked as Lloyds' preferred supplier for its "residential property asset management platform".

RAWANG: All 66 bungalow lots at Peridot Hilltop Residence in the Emerald township in Rawang, Selangor — valued at RM33 million — were sold during the launch last weekend, Apr 23 and 24).

HONG KONG: Prospects of a value-adding facelift to Admiralty's office precinct after the opening of new government headquarters in the area have driven prices of grade-A offices above their previous market peaks in 1994 and 1997.

HONG KONG: Hong Kong's commercial and industrial property markets are expected to remain buoyant after recording rising numbers of sales and transaction values, due mainly to the additional special stamp duty levied on quick resales of residential units.

HONG KONG: Landlords of grade-A office buildings in Shanghai enjoyed strong demand in core areas in the first quarter, pushing up average rents 7%, according to Colliers International.

But the property consultant said rental growth would slow as new supply increased in the rest of the year.

HONG KONG: From property to jade and antique fragrant rosewood chairs, investor and collector Wong Koon-kau has many strings to his investment bow.

HONG KONG: Midland Holdings and its mortgage broker associate mReferral Mortgage Brokerage Services have lined up banks to offer clients a fixed mortgage rate plan of as low as 2.3%, as fears of interest rate rises dent buying interest in the secondary market.

KUALA LUMPUR: Apart from its political significance, the two-day visit by Chinese Premier Wen Jiabao is expected to see some groundbreaking deals for the business sector.

KUALA LUMPUR: Property developer Selangor Dredging Bhd (SDB) is planning to build 540 condominium units with a gross development value of RM300 million in Cheras South.