KUALA LUMPUR: Hock Seng Lee Bhd (HSL) signed a subcontract agreement worth RM67.3 million with Adiqa Engineering Sdn Bhd on Nov 9 for the construction and completion of Tuie/Supa/Manggut Road in Betong, Sarawak.

HONG KONG: Despite noticeable improvement in investor sentiment and transaction volume in 3Q 3010, the weakening economic indicators could still have negative impact on growth, said CB Richard Ellis (CBRE) in its latest Asia Investment MarketView report.

SYDNEY: Australia and New Zealand Banking Group (ANZ) joined a major rival on Wednesday, Nov 10 in pushing its mortgage rate well above the central bank's cash rate, but sought to deflect a political backlash by scrapping loan-exit fees.

LONDON: There's poetic licence, artistic licence, and — most entertaining of all — marketing licence. In the mid-1990s a British developer's advertisements listed the attractions of London and the company's project, but without mentioning the scheme was in Peterborough, East Anglia, 133 kilometres from the British capital.

HONG KONG: A steady influx of new business tenants and the expansion of financial institutions already present in the city has combined to produce a sharp increase in grade A office rents.

In Central, the average rent for prime office accommodation has risen 35% to HK$92 per sq ft since the beginning of the year, according to research by property consultancy Colliers International.

HONG KONG: Home sales activity in Hong Kong last week fell 40% from the previous week as homeowners rushed to raise asking prices in expectation of a property boom as a result of the United States' announcement of a second round of fiscal stimulus for the economy.

HONG KONG: Professionals in the China property industry saw the highest growth in their annual salaries, outperforming East Asian counterparts, a survey shows.

GEORGE TOWN: A Barisan Nasional (BN) assemblyman today asked the Penang DAP government to reconsider the proposal to acquire people's land in Balik Pulau for an education hub.

KUALA LUMPUR: Shangri-La Hotels (Malaysia) Bhd net profit for its third quarter (3Q2010) nearly doubled to RM23.5 million, compared with RM12.6 million recorded in the same period a year earlier. The company's 3Q revenue saw a smaller increase of 20.3% to RM111.95 million from RM93.06 million in the same period last year.

PETALING JAYA: Sunway City Berhad's (SunCity) recent launch of A’marine, a luxury lakeside condominium in Sunway South Quay, located within the Sunway Integrated Resort City (SIRC), saw 80% of its units sold.

A’marine has a gross development value (GDV) of RM200 million and comprises 242 units with sizes from 1,306 sq ft to 2,836 sq ft.