KUALA LUMPUR: Tiong Nam Logistics Holdings Bhd acquired three parcels of land, totaling 130,998 sq ft, in Melaka Tengah for RM2.1 million.

KUALA LUMPUR: UEM Land Bhd is disposing of two parcels of land in Puteri Harbour for RM26.7 million to Khazanah Nasional Bhd's Themed Attractions and Resorts Sdn Bhd (TAR).

UEM Land said Nov 9 that under the sales and purchase agreement, UEM Land would be appointed as the development manager to supervise, manage and oversee the overall development of the land.

KUALA LUMPUR: Singapore is mulling more measures to avert a property bubble on concerns of renewed escalation of speculative momentum.
The Monetary Authority of Singapore (MAS) said on Monday, Nov 9 that despite the lingering uncertainties in the domestic and global economy, domesticproperty market activity has taken on its own dynamic.

KUALA LUMPUR: Cluttons’ commercial property outlook report for the UK published October 2009 for its 3Q performance sees high demand in prime locations but not those on the secondary market.

PETALING JAYA: The imposition of the 5% Real Property Gains Tax (RPGT) is pouring cold water on plans by some people to acquire property next year. 

WELLINGTON: New Zealand house prices rose in October for the first time in 16 months as the economy emerges from a recession.

Prices increased 0.2% from a year earlier, the first annual gain since June 2008, Quotable Value New Zealand Ltd, the government valuation agency, said in an e-mailed report. Prices have risen 3.4% since falling to a low in April.

SYDNEY: Australian home-loan approvals rose in September by the most in six months, reinforcing the central bank’s decision to increase interest rates last week for a second straight month.

BEIJING: China’s central bank and banking regulator may “soon” issue measures to limit the use of debt in real-estate purchases after asset prices climbed, a Shanghai official said.

GEORGE TOWN: The Penang chief minister's office has denied press reports that the Pakatan Rakyat state government had granted approvals for reclamation or hill development projects on the island.

In a statement, Chief Minister Lim Guan Eng's press secretary Cheong Yin Fan said such approvals had been granted by the previous Barisan Nasional state government.

The market is abuzz with the recent announcement of the imposition of a 5% real property gains tax (RPGT) from Jan 1, 2010.