HONG KONG: Luxury flat owners on Hong Kong Island have scared off buyers by raising their prices after the prime site in Mount Nicholson Road on The Peak sold for HK$10.4 billion (RM4.24 billion), the third-highest land price ever, last week.

SINGAPORE: Singapore is Asia's most expensive country in which to build, followed by Hong Kong, an international construction cost report says.

The price of construction in the city state is nearly 7% higher than in Britain, according to the survey conducted by EC Harris, an international consultancy for the real estate, infrastructure and construction sectors.

KUALA LUMPUR: Desa Parkcity developer, Perdana ParkCity Sdn Bhd, will soon begin work on the Sime Darby Medical Centre Parkcity, and it is scheduled for completion in 2012, said Perdana ParkCity group CEO Lee Liam Chye.

KUALA LUMPUR: Ipoh's real estate properties are often underrated and misunderstood by the public, chief executive of Superboom Projects Sdn Bhd Peter Chan said during his presentation at the 21st National Real Estate Convention (NREC) on Tuesday, Aug 3.

SEOUL: Housing prices across South Korea declined in July from a month earlier, marking their first month-on-month fall since March 2009, after a surprise rate hike by the central bank.

Nationwide housing prices in South Korea dropped by an average 0.1% in July from June, after holding flat in both May and June, data from the country's top mortgage lender showed on Tuesday.

KUALA LUMPUR: Prime London residential property prices dipped 0.5% in July, ending a 15-month surge since last March, according to the Knight Frank Prime Central London Index July 2010 results released on August 2.

SHANGHAI: Shanghai made its first appearance on the list of the world's top 50 most expensive monthly parking rates, a Colliers International survey showed.

SHANGHAI: New home sales in Shanghai remained sluggish for the third consecutive month in July on the government's tighter property policies, ShanghaiDaily.com reported on Aug 2, quoting Shanghai Uwin Real Estate Information Services Co as its source.

SYDNEY: Australian retail sales rose only modestly in June while approvals to build new homes slipped for a third straight month, reflecting the drag of past rate hikes and adding to the case for steady monetary policy in the near term.