KUALA LUMPUR: Foreign buyers are trickling back into the Kuala Lumpur property market due to improving sentiment arising from the recovery in their home economies and property markets, said international property consultancy DTZ’s Kuala Lumpur Property Times 3Q2009 research report.

HONG KONG: Prices of luxury homes here, already the highest in the world, may rise further due to a lack of supply as an economic recovery spurs demand, property adviser and consultant Savills plc said.

PETALING JAYA: The Kuala Lumpur office property market is facing a period of adjustment in rental rates for Grade A office space in the city’s Golden Triangle. It will also experience a period of consolidation and stabilisation of average asking rents, which may well last until 2013.

KUALA LUMPUR: The commercial centre of One Ampang Avenue which has long been known as “Little Korea” has attracted a different crowd of expatriates of late: Iranians.

WASHINGTON: Confidence among US homebuilders unexpectedly fell in October on mounting concern sales will retrench once government credits expire.

LONDON: Home sellers here raised asking prices to a record high this month and led gains across the UK as the shortage of properties for sale intensified, Rightmove plc said.

The average cost of a home in the capital rose 6.5%, the most since records began in 2002, to £416,157 (RM2.29 million), the owner of the UK’s biggest residential property website said on Oct 19 in a statement.

BEIJING: Property prices in good locations in core Chinese cities such as Beijing and Shanghai won’t fall, although prices in areas outside central locations may decline, Liu Xiaoguang, chairman of Beijing Capital Land Ltd, said on Oct 20.

Prices of homes in good locations in second- and third-tier cities will steadily increase, he told a briefing in Beijing on Oct 20.

KUALA LUMPUR: A total of 1,133 applications for the Malaysia My Second Home (MM2H) programme have been approved in the first nine months of the year, according to sources from the Ministry of Tourism.

KUALA LUMPUR: Raine & Horne International Zaki + Partners Sdn Bhd will be organising a seminar entitled “The Fundamentals of Globalisation and Liberalisation – It’s Impact To The Business and Real Estate Industry”.

KUALA LUMPUR: The most important thing prospective homebuyers should know is that protection from errant developers is not guaranteed, said homebuyers’ rights expert and author of Buying Property from Developers: What you need to know and do Robert Tan.