KUALA LUMPUR: Sentiment in the Kuala Lumpur residential property market is a mix of optimism and caution as prices of new property launches continue to escalate while affordability is declining for the average house buyer, according to DTZ Research’s Property Times KL 1Q2011 report.“Developers are generally optimistic with planned new launches.

HONG KONG: Prime industrial land prices in Hong Kong continue to be the most expensive in the world at US$1,035 (RM3,105) per sq ft, representing a six-month growth of 9%, according to Colliers International’s recently released Global Industrial Highlights — 2H10.Sales demand is expected to continue over the next 12 months and industrial property prices in Hong Kong are projected to increase by

KUALA LUMPUR: The Malaysian Developers’ Council (MDC) wants the government to expand the coverage of the newly launched My First Home Scheme.It proposed that the RM100,000 minimum housing price for eligibility under the scheme be lowered to benefit lower income homebuyers of medium low-cost housing, said MDC in a statement.

KUALA LUMPUR: A 25-storey condominium project with an interesting concept is coming up off the Old Klang Road in Kuala Lumpur.

WASHINGTON: US home resales volumes bounced back in March, a hopeful sign for recovery in the housing market, but prices continued to decline. The wave of foreclosed properties is keeping supply up but prices down.

KUALA LUMPUR: The listing of Malaysia's Axis Global Industrial real estate investment trust (REIT), the world's largest sharia-compliant REIT, has been pushed back by about a month after two of its Japanese assets were damaged by the March earthquake, according to a source.

BEIJING: China will speed up reforms of resource and property-related taxes as well as the bank interest rate system this year, the China Securities Journal reported on Thursday, April 21, citing a cabinet meeting.

WASHINGTON: US home resales volumes bounced back in March, a hopeful sign for recovery in the housing market, but prices continued to decline. The wave of foreclosed properties is keeping supply up but prices down.

IPOH: The Perak Malay Contractors Association Malaysia (PKMM) is urging the state government to ensure that 30 per cent of works in mega projects in the state be channelled to local Bumiputera contractors.

KUALA LUMPUR: IGB Bhd will commence the building of Mid Valley City's third phase in the next few months, while two other development projects are also set to take off.