LONDON: Asking prices for homes in England and Wales fell 3% over the past month to stand just 0.4% higher than a year ago, due to economic uncertainty and low mortgage approvals, property website Rightmove said.

LONDON: A British estate agent is offering rental returns guaranteed for 10 years at a London development — the first time an agency has offered such a guarantee for flats sold off-plan in Britain.

Asian investors have bought 80% of the units sold at the development since marketing started late last month.

HONG KONG: Bullish forecasts for the Hong Kong stock market could lure property traders to the equities market as additional stamp duties and higher initial down payments threaten to squeeze returns from making punts on property.

HONG KONG: New stamp duties and tighter mortgage rules on higher value apartments have blown a wintry chill through the property market and agents do not expect a thaw until the Lunar New Year at the earliest.

So what should owners do if they are looking to sell a property in the present climate?

KUALA LUMPUR: The YTL group further restructured its property portfolio with the injection of a slew of assets into Starhill Real Estate Investment Trust (Starhill REIT), making it the first full-fledged hospitality REIT in the country.

KUALA LUMPUR: TA Global Bhd's net profit for 3QFY11 ended Oct 31 has more than doubled to RM38.75 million from RM17.11 million a year ago mainly due to higher contribution from the hotel division as a result of its recent acquisition exercise.

KUALA LUMPUR: TA Enterprise Bhd has posted a higher pre-tax profit of RM36.46 million for the third quarter (3Q) ended Oct 31, 2010, from RM23.25 million chalked up in the same quarter last year.

Revenue rose to RM153.29 million from RM118.225 million in the corresponding quarter.

Coporate Highlight

WCT

KUALA LUMPUR: FAM Development Sdn Bhd is launching what is touted to be the first landed strata development in Cheras, Kuala Lumpur.

The gated and guarded Taynton Harmoni project comprising 16 units of 3- storey bungalows tagged between RM3.8 million and RM6.6 million will be launched on Saturday, Dec 18.

KUALA LUMPUR: Hotel room prices in the Asia Pacific region have risen by 15% in 3Q from 1Q2004, the highest internationally on higher demand for accommodation, said Asia Pacific vice president and managing director Johan Svanstrom in a statement on Tuesday, Dec 14.