The 28 Mont’Kiara team with the awards

KUALA LUMPUR: Sunrise Bhd bagged two awards at the prestigious Asia Pacific Property Awards 2010 held in Hong Kong last Friday (April 16).

MELBOURNE: Foreign investment in Australian property is pushing up the price of housing and squeezing Australians out of the market, Australia's opposition housing spokesman Kevin Andrews says.

PUTRAJAYA: It was a joyous moment for 217 workers on April 21 as their 16-year legal battle with a lawyer over a parcel of land worth RM80 million ended when the Federal Court here ordered that the land be returned to them.

The three-member bench unanimously denied leave to lawyer Gurbachan Singh and four others to appeal to the Federal Court.

ALOR SETAR: Settlers of seven Felda schemes and nine Felcra schemes in Kedah who have worked their land for more than 20 years will be given titles soon, Kedah Menteri Besar Datuk Seri Azizan Abdul Razak said on April 21.

He said the decision on the titles was made at today's (April 21) meeting of the State

Executive Council, which he chaired at Wisma Darul Aman, here.

GEORGE TOWN: Think City, a wholly-owned subsidiary of Khazanah Nasional Bhd, has approved 18 grants worth RM1.84 million under the George Town Grants Programme (GTGP) after the first round of approvals.

HONG KONG: A growing number of would-be homebuyers in Shenzhen, Shanghai and Beijing could walk away from signed purchase agreements because they fear house prices are set to fall heavily, say estate agents. By quitting now and forfeiting their deposits, they believe they will be able to cut their losses by returning to pick up bargains after prices have fallen.

SHANGHAI: Susan Lawrence, who left her hometown in Mississippi in the US six months ago to live and work in Shanghai, has mixed feelings about her new living environment.

"There are almost too many shopping malls and they all look the same," says Lawrence, who works for the American Chamber of Commerce.

HONG KONG: Residential rents in Hong Kong have rebounded to levels last seen before the onset of the global financial crisis in 2008. A survey by estate agency Midland Realty shows the average rent in Hong Kong's 100 major housing estates was HK$18.20 (RM7.48) psf at the end of March, up 5.1% in 1Q and back at the level last reached in July 2008.

BEIJING: Chinese land prices rises moderated in 1Q, thanks to an increased supply of land during the same period, the land and resources minister said.

The average land price in a sample of 105 cities was up 8.1% in the first three months from a year earlier, reaching 2,700 yuan (RM1,262) per sq m, the official Xinhua news agency quoted minister Xu Shaoshi as saying.

HONG KONG: Barclays Capital will hire the former Asia real estate team of BNP Paribas, sources said on Wednesday (April 21), as BarCap builds out its investment banking group across the region.