NEW YORK: The US Federal Housing Administration, which insures mortgages with low down payments, may require a US bailout because of US$54 billion (RM183 billlion) more in losses than it can withstand, a former Fannie Mae executive said.

LOS ANGELES: Vacancies at US shopping centres rose in 3Q to a 17-year high as unemployment climbed, consumers cut spending and stores closed, real estate research company Reis Inc said.

SINGAPORE: Malaysia’s interest rates still need to support the country’s economic recovery, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said on Oct 7.

KUALA LUMPUR: SDB Damansara Sdn Bhd, the developer of Damansara 21, is currently waiting for further directives from Kuala Lumpur City Hall (DBKL) on its Damansara 21 project.

KUALA LUMPUR: House prices in the UK are set to plunge again following a three-month upward trajectory boosted by a shortage of property for sale, according to a property economist from a macroeconomic research consultancy.

KUALA LUMPUR: Despite the global economic downturn, Asia Pacific remains the most robust region for the warehouse market even as rentals in most countries continue to decline 1H2009, according to Colliers International.

KUALA LUMPUR: Bustling commercial area Jalan Masjid India may be facing a challenge from more upmarket commercial areas like Jalan Bukit Bintang but it remains the most expensive commercial street in the Klang Valley, and possibly the country.

The veritable hub of Indian goods and delicacies has seen huge, accelerated development over the past decade.

SYDNEY: Australian housing and construction data on Oct 7 added to evidence of economic recovery that spurred the central bank to raise interest rates on Oct 6 and is expected to bring more tightening in months ahead.

WASHINGTON: US office vacancies rose to a five-year high 3Q, as job losses deepened and employers abandoned space in the recession, property research firm Reis Inc said.

PHOENIX: The US, criticised for holding illegal immigrants in overcrowded and poorly run jails, on Oct 6 announced plans to convert hotels to detain some non-criminal immigrants.

Homeland Security Secretary Janet Napolitano said illegal immigrants ranging from criminals to newly arrived asylum seekers would be held in different facilities according to the risk they pose.