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Curbs on floor area likely to hit bidding

HONG KONG: Bidding at next week's auction of a development site in Hung Hom is expected to be cautious as a result of limits placed on the extra floor area a developer can obtain.

HK flat rents on rise again after four-month lull

HONG KONG: Residential rents are on the rise again in Hong Kong after being on hold for four months.

"Rents of mass housing units had been flat for four months after the government imposed an additional stamp duty at the end of November last year," said Patrick Chow Mun-kit, head of research at estate agency Ricacorp Properties. "But last month we saw them pick up again."

Key West, L&G draw investor interest

KUALA LUMPUR: Interest swirled around Land & General Bhd (L&G) and Ace market-listed Key West Global Telecommunications Bhd on Tuesday, Apr 19, causing both stocks to end the day on the top most active volume list.

UMLand undertakes RM35m Raffles campus

KUALA LUMPUR: United Malayan Land Bhd (UMLand) unit Seri Alam Properties Sdn Bhd is teaming up with Singapore's Raffles Campus Pte Ltd to develop a RM35 million campus in Iskandar Malaysia.