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Central London offices to generate good returns in 2011, says Cluttons

LONDON: The Central London property market is expected to retain its appeal in 2011 for investors seeking safe and transparent markets in the face of economic and financial volatility, said Bill Siegle, senior partner of London-based real estate consultancy Cluttons LLP.

21 January, 2011
Bina Puri bags RM62.8m Thai condominium project

KUALA LUMPUR: Bina Puri Holdings Bhd — through its associate Bina Puri (Thailand) Ltd (BPTL) — has clinched a RM62.8 million project for the construction and architectural works for Phase 1 of Phahonyothin Park condominium in Bangkok, Thailand, according to a statement released by the company on Tuesday, Jan 18.

19 January, 2011
Office rent-rise view challenged

HONG KONG: The consensus that Hong Kong office rentals will grow strongly this year has been challenged by serviced-office provider Compass Offices, which says grade-A office rents in Central may fall by as much as 35% over the course of the year.

Andrew Chung, founder of Compass, said the decline in rentals would be driven by major new supply coming onto the market.

19 January, 2011
Smart investors turn tidy profit on car parking spaces

HONG KONG: "Covered Car Park, Caine Road, Mid-Levels West, Investment or self use — HK$530,000 (RM207,980.64)."

Listed on the Internet on Jan 1, this advertisement has so far had 48 "hits" as a growing number of investors explore alternatives to conventional investment targets.

19 January, 2011
Flat buyers shrug off price-cooling measures

HONG KONG: Property sales and prices rebounded strongly last week, indicating the market had overcome its initial jitters over the likely severity of the government's cooling measures introduced in November to curb price growth, said analysts.

19 January, 2011
Global brands muscle out local stores

HONG KONG: Home-grown retailers are fighting a costly war with big global brands to maintain a foothold in Hong Kong's upmarket shopping precincts.

19 January, 2011
Bukit Hitam plans new semi-Ds

KUALA LUMPUR: Bukit Hitam Development Sdn Bhd has in the pipelines 47 semi-detached houses (semi-Ds) at its mixed-development project called Bukit Puchong in Puchong. The Bukit Puchong project sits on 1,290 acres of freehold land, which the semi-Ds will take up a small part of.

19 January, 2011
Country Heights to launch Belleza Garden Homes on Jan 22

KUALA LUMPUR: Country Heights Holdings Bhd (CHHB) will launch its Belleza Garden Homes project in Kubang Pasu, Kedah, on Saturday, Jan 22.

In a statement on Wednesday, the group said Belleza will be the first development with a garden-living concept in the northern region of the country.

19 January, 2011