HONG KONG: A luxury housing project for the elderly now under construction in North Point will include a wine cellar and fine dining restaurants — and for tenants who continue to work, a business centre.

SHANGHAI: Newspaper journalist Li Daquan made a bold decision two years ago to buy a flat in his hometown in Sichuan province, even though he was living and working in Shanghai.

HONG KONG: Hong Kong retailers are rolling out their red carpets, along with free bus rides, wine, theme park tickets — and even "pudding tours" — to lure mainland shoppers into their malls before and during the Lunar New Year.

DUBAI: Dubai house prices, already nearly 60% off their peak, are set to drop another 10% over the next two years as new units are released onto a market awash with supply, a Reuters poll shows.

A property boom in Dubai collapsed at the end of 2008 when it was hit by the global financial crisis and the Gulf state's debt crisis.

HONG KONG: China is a world leader in the development of state-of-the-art buildings, with construction occurring at an unprecedented rate to meet rapid growth in commercial and residential markets. But can this growth be combined with sustainability and profitability?

KUALA LUMPUR: Fraser & Neave Holdings Bhd's (F&N) foray into property development paid off well when it recently sold the second phase of Fraser Business Park in Pudu for RM63 million, which netted the group a gain of RM29.6 million.

KUALA LUMPUR: Tambun Indah Land Bhd on Wednesday acquired two pieces of land in Butterworth measuring a combined 347,625 square feet for a total of RM11 million.

Sunway REIT

Within Expectation

KUALA LUMPUR: Sunway Real Estate Investment Trust (SunREIT) registered a net profit of RM45.24 million for the second quarter ended Dec 31, 2010 (2QFY2011), comprising realised net income of RM44.7 million and unrealised income of RM0.5 million arising mainly from fair value adjustment on financial derivatives.

KUALA LUMPUR: PLB Engineering Bhd's net profit surged to RM3.06 million in the first quarter ended Nov 30, 2010 (1QFY2011) from RM256,000 a year earlier, despite lower revenue.