KUALA LUMPUR: The Setia City Mall in S P Setia Bhd's Setia Alam township has signed on tenants for over 75% of its net lettable area (NLA) to date. The mall has over 740,000 sq ft NLA. About 160 tenants out of a possible 250 have already signed on a year before the mall's opening.

KUALA LUMPUR: The worldwide office real estate market continues to recover as indicated by CB Richard Ellis Group Inc's (CBRE) latest Global Office Rent Index and Global Office Capital Value Index.

KUALA LUMPUR: Following more than two months of exclusive member previews, UOA Development Bhd has opened sales of its Camellia Serviced Suites in Bangsar South to the public.

According to David Khor, development division chief operating officer, the residences are recording encouraging sales despite the fact that the project has not been officially launched.

KUALA LUMPUR: Putrajaya Holdings Sdn Bhd's latest development called Sera — comprising 40 units of 3-storey twin villas — has seen a 70% take-up rate to date, with another 20% of the development booked.

Its property services division head Syed Farouk Azlan Syed Abdul Aziz told theedgeproperty.com that only 10% of the 40 unit twin villas are left on the market.

HONG KONG: Property sales in the Asia Pacific — half of which are accounted for by the mainland market — are expected to be flat this year after hitting record levels in 2010.

HONG KONG: Despite recent mortgage rate rises, sales of new homes at some developments in Hong Kong remain satisfactory, agents say. Seventy-four new flats were sold last weekend, up from 57 on May 21 and 22.

HONG KONG: Investments in vineyards is on the rise across the world as prices for these types of properties have retreated in most locations, research from estate agency Knight Frank shows.

Chinese businesses are among those entering the market.

HONG KONG: There is no evidence that small flats are becoming more affordable, despite the release of more sites earmarked for their construction, property analysts said.

HONG KONG: Investors are pushing the prices of new small flats in Hong Kong to fresh highs that are beyond the reach of first-time owner-occupiers.

Evidence that genuine end-users are being squeezed out was on display at two launches last month that saw the price of a 297 sq ft one-bedroom flat hit HK$5.19 million (RM2.01 million), and almost double that for a 467 sq ft flat.

KUALA LUMPUR: The last two floors of Taragon Kelana Commercial Centre are now open for sale.

"Launched in early 2010, the freehold property is now offering an attractive guaranteed rental return of seven per cent for 36 months for its last two floors of office suites," developer Blackstone Seven Sdn Bhd said in a statement on Thursday, June 2.