TOKYO: Japan's office market recovery will be set back by the the 9.0-magnitude earthquake and subsequent tsunami, albeit only on a limited scale in the short-term according to early analyses by international real estate outfit DTZ.

KUALA LUMPUR: OSK Property Holdings Bhd's wholly-owned subsidiary Wawasan Rajawali Sdn Bhd is buying a 64,320 sq metre freehold site in Mukim Dengkil, Selangor, from Cyberview Sdn Bhd and Setia Haruman Sdn Bhd for RM86.54 million.

KUALA LUMPUR: S P Setia Bhd has completed its book-building exercise to place out 153 million shares, or equivalent to 15% of its paid-up capital, raising RM884.6 million to finance its existing projects and future expansion.

Gamuda Bhd (Mar 22, RM3.70)
Maintain buy at RM3.66 with target price RM4.68: We are projecting 7.5% growth in construction's contribution for 2011 gross domestic product (GDP) which could exceed the average yearly construction turnover of RM60 billion. The construction sector grew 5.7% in 2009 and 7% in 2010.

SYDNEY: Along with the standard purchases — abalone, sheepskin, macadamia nuts and koala soft toys — deluxe properties have been added to the "must-have" shopping lists of many mainland travellers to Australia.

Ray Chan Wei, who heads a property agency in Sussex Street in Sydney's Chinatown, said the Chinese had been the biggest overseas buyers in the city since 2005.

HONG KONG: Despite a pay rise last year and expectations of another one in 2011, real estate professionals in Asia are less satisfied with their jobs than those in Britain, the Middle East and South Africa, a survey shows.

HONG KONG: The nuclear crisis in Japan prompted some Hong Kong home sellers to drop asking prices last week in a bid to secure quick sales, agents say.

But the discounts were insufficient to lure some nervous potential buyers to risk entering the market.

HONG KONG: Sino Group is co-operating with a group of volunteers to launch a non-profit foodbank in Hong Kong aimed at easing the city's major poverty problems.

The developer will offer its 1,604 sqft warehouse in Yau Tong, Kowloon for the operational hub of the Hong Kong's community foodbank.

It is also encouraging employees to volunteer their time and energy for the project.

KUALA LUMPUR: Berjaya Land Bhd (BLand) reported a net profit of RM34.9 million in its third quarter for financial year ending April 30, 2011, a sharp increase of 207% compared to a net loss of RM8.5 million in the same period a year ago due higher profit contribution from the property sales registered in the current quarter under review.

KUALA LUMPUR: Kinrara Niaga, a shop office development within I&P Group Sdn Bhd's flagship Bandar Kinrara township in Puchong, Selangor is almost sold out ahead of its launch this weekend.

Some 18 of the project's 24 units have been snapped up during its soft launch on Tuesday, Mar 22, said group managing director Datuk Jamaludin Osman.