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DTZ to expand in China with more staff, offices

BEIJING: Property services firm DTZ Holdings Plc plans to hire more staff and open new offices in China over the next year to tap the fast-growing market, a senior executive said on Wednesday (March 31).

Hong Kong office rents stay the most expensive in world, report says

HONG KONG: The territory continued to hold the top spot for occupancy costs, in both the Asia-Pacific region and the world, property consultant Colliers International say.

Gross office rent in Hong Kong, which also ranked top in 2008, was US$161.14 (RM526.27) per sq ft per year last year and an increase was expected this year.

China prices to fall next year, Nomura predicts

HONG KONG: Lee Wee Liat puts more than his money on the line when it comes to recommending a buy on property. As China property analyst for Japan's biggest brokerage house, Nomura, he has his reputation as a reliable researcher to consider as well as his wallet.

Indonesia to allow foreigners to own flats

SINGAPORE: Indonesia's investment chief said on Wednesday (March 31) he expected foreigners to be allowed to own apartments in Indonesia by the third quarter of this year, giving the country an additional source of foreign capital inflows.

US consumer confidence rebounds, home prices rise

NEW YORK: US consumer confidence rebounded in March, while home prices rose in January for the eighth straight month according to a closely watched housing index, bolstering hopes for a sustainable economic recovery.

Collier’s UK property survey marks upward trend

KUALA LUMPUR: Demand for secondary property in the UK is recovering alongside prime properties in early 2010, the Colliers CRE/Real Estate Capital Investor Pricing Survey of the UK market suggested.

Nakheel plans for a relaunch

KUALA LUMPUR: It was a symbol of Dubai’s rising fortune but the Palm Jumeirah project now seems a bit out of place with the emirate’s current economic problems.