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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).
MBAM urges government to provide clear guidelines, consistent policies for PPC initiatives in NEM
PETALING JAYA: The Master Builders Association Malaysia (MBAM) hopes the government will provide clear guidelines and consistent policies for the implementation of Public Private Cooperation (PPC) initiatives in the newly launched New Economic Model (NEM).
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.
Moody’s maintains stable outlook for Australian REIT segment
SYDNEY: Moody’s Investors Service is maintaining its stable outlook for the Australian real estate investment trust (A-REIT) sector, in view of expectations for a continued gradual recovery in its fundamentals.
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.
