KUALA LUMPUR: Starhill Real Estate Investment Trust (Starhill REIT) has entered into sale and purchase agreements for the proposed sale of Starhill Gallery and the Trust's parcels in Lot 10 Shopping Center, both in Kuala Lumpur to Starhill Global REIT in Singapore.

PETALING JAYA: Sunway City Bhd (SunCity) is eyeing a slice of Government-owned prime tracts which will be tendered out to the private sector for development under the New Economic Policy (NEM).  

ABU DHABI: The Abu Dhabi Urban Planning Council (UPC) will offer a glimpse of the emirate's urban landscape in the next 30 years using a model structure which highlights real estate dynamics of the largest enclave within the United Arab Emirates.

DUBAI: Dubai Silicon Oasis (DSO) will showcase its US$422 million (RM1.35 billion) Cedre Villas (pictured) at Cityscape Abu Dhabi 2010, to be held from April 18 to 21 at the Abu Dhabi National Exhibition Centre.

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SP Setia (RM4.20; Buy; Price Target: RM4.80; SPSB MK)
Sales on track

KUALA LUMPUR: YTL Corp Bhd is planning to inject its new acquisition of Japan-based ski resort Niseko Village into its Starhill REIT (real estate investment trust) along with its other hospitality properties, said its managing director Tan Sri Francis Yeoh.

BANGKOK: Occupancy rates at Bangkok hotels are at about a third of expectations after weekend violence, a tourism group said on Thursday, with the stock market expected to fall when it re-opens on Friday after a holiday.

BEIJING: China on Thursday raised mortgage rates and down payment requirements to cool the country's red-hot property market.

The official Xinhua news agency, citing the outcome of a meeting of the State Council, announced the following measures:

-- The down payment on first homes of more than 90 square metres rises to 30% from 20%.

KUALA LUMPUR: The price of China’s residential and commercial real estate in 70 cities rose 11.7% in March from a year earlier, according to foreign news reports that cited data from China’s National Bureau of Statistics leading to a fall in the number of new mortgages in one of the world’s largest economy.