KUALA LUMPUR: Ritz-Carlton Hotel on Monday, June 21, opened its second hotel in Pudong New Area in Shanghai, China, 12 years after it first launched the Portman Ritz-Carlton in downtown Puxi.

HONG KONG: Citigroup has appointed Matthew Mrozinski, formerly at Deutsche Bank, as head of real estate banking for Asia, the US bank said in a statement on Tuesday, June 22.

SHANGHAI: Sales of high-end homes in Shanghai fell 56.4% last month from April as investors and home seekers were cautious amid the uncertain policy environment.

Prices fell 4% during the same period, property consultant DTZ said.

HONG KONG: Home sales in the secondary market surged last week as buyer confidence was boosted by confirmation that low interest rates were not about to change and the global economic recovery remained on track.

HONG KONG: Sales at Sino Land's The Hermitage in Tai Kok Tsui, due to be launched this week, will provide a reality check for the market under new guidelines imposed by the government for the release of new developments.

The project will be in the spotlight as it is the first large-scale development to be launched since the new rules took effect this month.

KUALA LUMPUR: Berjaya Land Bhd (BLand) has aborted its proposed US$200 million (RM640 million) joint venture (JV) project, an international themed village, on a 586,040 sq metre (about 145 acres) parcel of freehold land in the Jeju Special Self Governing Province in South Korea.

PUTRAJAYA: Malaysia and Singapore agreed to finalise the land swap decision within three months from yesterday.

This was announced in a joint statement by Prime Minister Datuk Seri Najib Razak and his Singapore counterpart Lee Hsien Loong after a delegation meeting at the Prime Minister’s office here.

KUALA LUMPUR: Asian investors now account for 49% of all investment purchases in central London, buying more than a fifth of central London's new properties, compared to only 36% purchased by UK investors, according to a new international investment report by Knight Frank on Tuesday, June 22.

KUALA LUMPUR: The Real Estate and Housing Developer’s Association (REHDA) Malaysia on Tuesday, June 22, elected Datuk Micheal Yam Kong Choy to be the President of the National Council Members for the 2010/ 2012 session.

Its Annual Delegates’ Conference was held on June 19, and was attended by 102 voting delegates from its branches nationwide.

KUALA LUMPUR: Berjaya Land Bhd's proposed joint-venture with Korea’s Jeju Free International City Development Center (JDC) to build the Themed Village project through a memorandum of agreement (MoA) is no longer effective.