MELBOURNE: This city is the capital and the largest in the state of Victoria. Located in the southeastern part of Australia, Melbourne was established in 1835 but it only transformed into a wealthy metropolis when gold was discovered in the 1850s. It then grew to become one of the largest and richest cities in the world by the 1880s. It is now the second-most populous city in Australia

There is a saying that goes: invest in property investment stocks during a downturn and property development stocks during an upturn.

The Singapore HDB is putting up Clementi Mall for sale by tender and has appointed Jones Lang LaSalle (JLL) as the exclusive marketing agent. The suburban retail mall is at the junction of Commonwealth Avenue West and Clementi Avenue 3, and in the heart of an established residential township with over 98,000 residents.

DTZ sees positive sentiment translated into higher investment in Asia-PacificTotal commercial real estate investment transactions in Asia-Pacific reached an estimated US$17.1 billion (RM58.5 billion) in 3Q2009, 50% higher than in 2Q, according to a DTZ report. The strong investment recovery comes after the volume fell to a low of US$4.3 billion in 4Q2008.

There is a new but not unfamiliar name this year at the No 1 spot of The Edge Top Property Developers Awards 2009. Sime Darby Property Bhd (SDP), the property division of Sime Darby Bhd, wrested the top spot from S P Setia Bhd, which had held the position the past four consecutive years.

Sime Darby Property Bhd clinches the top spot in The Edge Top Property Developers Awards 2009, proving that size does matter if you want to stay ahead of the competition.

Bashed by impact of the global financial crisis, property stocks were bad news last year. There was no running away from the close link between the economy and the property market.

A different S P Setia is set to emerge with a three-pronged strategy designed to see the company through the current crisis.

Sunway City has big plans and while the global financial crisis may have decelerated some of these plans, the developer has its sights firmly trained on the future.Three things excite Sunway City Bhd. According to its managing director (property development) Ngian Siew Siong, they are “property development, our real estate investment trust (REIT) and our regional expansion”.

By sticking to its 'conserve when times are good, capitalise when times are bad' approach, IGB Corp has weathered many an economic storm, emerging stronger after each downturn. IGB Corp Bhd group managing director Robert Tan is not being glib when he admits — a day after the one-year anniversary of the Lehman Brothers collapse that triggered a global economic and financial cris