HONG KONG: Home sales rebounded during the Dragon Boat festival holiday weekend, property agents said.

At the 10 major housing estates monitored by Centaline Property Agency, 48 flats were sold, up 11.1% on sales concluded over the previous weekend.

HONG KONG: Christy Yao Xue is hot property these days. Yao, who runs a retirement home in Beijing, is being head-hunted for her skills and experience by mainland developers, private equity funds and international operators of retirement housing schemes.

HONG KONG: Texas-based real estate agency Keller Williams Worldwide plans to establish a foothold in Hong Kong by selling a franchise to an individual investor to operate agencies under its brand.

HONG KONG: The auction on Thursday, June 9 of the Borrett Road luxury residential site in Mid-Levels is likely to set a record land price for Hong Kong, according to property analysts.

Surveyors expect the site, at 21, 23 and 25 Borrett Road, will sell for between HK$12 billion and HK$15 billion (RM4.65 billion and RM5.81 billion), or HK$27,500 and HK$34,500 per square foot.

HONG KONG: Malaysian developers are hoping to attract buyers for a Kuala Lumpur project from among affluent Chinese investors both in China and in Hong Kong.

KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB) is poised to reposition its CapSquare Centre shopping mall into an ICT retail centre called PIKOM ICT Mall@CapSquare tentatively scheduled to launch on Sept 15.

KUALA LUMPUR: Ho Hup Construction Co Bhd has won back a piece of prime land in Bukit Jalil after the Kuala Lumpur High Court declared null and void a joint development agreement (JDA) that was long deemed unfavourable by the company's existing shareholders.

SHAH ALAM: The Selangor state government on Tuesday, June 7 rejected all applications for development on the 8-hectares of TOL land known as Green Lane in Sungai Buloh, that belonged to the state government, including from Yayasan Selangor.

KUALA LUMPUR: UOA Development Bhd, which listed on the Main Market of Bursa Malaysia on Wednesday, June 8, is acquiring two parcels of freehold land in Sri Petaling for RM50 million for a proposed high-rise residential development.

Property sector
Maintain overweight: The main objectives of a recent conference were to provide an update on the status of developments in Iskandar Malaysia as well as highlight the current and future investment opportunities.