China must replace half its homes in 20 years, says report
BEIJING: China may need to replace more than half of its housing stock in the next 20 years, a researcher at the housing ministry said in remarks published on Friday, Aug 6.
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Shanghai house prices fall for second straight month
KUALA LUMPUR: The Shanghai housing index fell for the second consecutive month, dropping 14 points or 0.53% to 2,551 points in July as 90% of areas covered registered a drop in housing prices, reported the Shanghai Daily.
Bolton targets landbank acquisition with potential GDV of RM500 million
KUALA LUMPUR: Bolton aims to acquire a landbank with a potential gross development value (GDV) of RM500 million during FY2010/11, said the Group's
Henderson sets another record with house sale
HONG KONG: Henderson Land Development said on Wednesday, Aug 5 that a house at its new luxury residential project in Chung Hom Kok sold for HK$50,640 (RM20,589.84) per square foot, setting yet another record in the wake of its controversial Conduit Road transaction.
Heading for a fall
HONG KONG: Hong Kong's economy has stagnated since the bursting of the property bubble in 1997. Nominal gross domestic product (GDP, that is, not adjusted for inflation) per capita has risen about 10% in a dozen years.
Ivory Prop acquires Batu Ferringhi land for RM25m
KUALA LUMPUR: Ivory Properties Group Berhad via its wholly owned subsidiary, Ivory Meadows Sdn Bhd is acquiring a 1.103-acre tract of land along Batu Ferringhi, Penang for RM25 million, it said on Thursday, Aug 5.
The group entered into a Sales and Purchase Agreement (SAP) with the two owners of the freehold land on Aug 5.
Housing oversupply, falling rents and tight credits result in drop in Dubai housing index
KUALA LUMPUR: A housing supply glut, falling rents and stricter financing approvals by banks have contributed to a decline in the Dubai housing price index during the year's second quarter (2Q).
The index, prepared by global real estate consultancy Colliers International, recorded a drop of five basis points to 114 points from the previous quarter, representing a 4% decrease.
Faber 2Q profits up 68.2%
KUALA LUMPUR: Faber Group Berhad's profit before tax (PBT) for the second quarter (2Q2010) jumped 68.2% to RM44.4 million from RM26.4 million for the corresponding quarter last year, while its quarter-on-quarter PBT was up 85.6% from RM23.9 million posted in 1Q.
Capital Shopping mall values up, seeks bigger tenants
LONDON: Capital Shopping Centres (CSC), Britain's largest mall-owner, said it was looking to increase its income from new longer-term tenants on higher rents as the UK retail sector bounced back from recession.
Sino-Ocean Land acquires land in Baoshan, Shanghai
KUALA LUMPUR: Major property player Sino-Ocean Land Holdings Ltd, via two subsidiaries, has acquired two tracts of land in north Shanghai's Baoshan District for 1.9 billion yuan (RM884 million), according to reports by the Shanghai Daily and the Shanghai Morning Post.
The parcels, located in the central areas of Luodian New Town, were gazetted for homes.
