HONG KONG: Sun Hung Kai Properties decision to pay a steep price for a residential site in Tseung Kwan O is a move to take advantage of its development across the street and use the high land cost to price the flats there at a large premium, market watchers say.

KUCHING: The government will accord recognition to the customary rights (NCR) lands under the existing law and state land code.

PETALING JAYA: England-based developer, Berkeley Homes is currently marketing 167 units of waterside residences known as The Residence (pictured) at Woodberry Park in London to international investors.

HONG KONG: Financial Secretary John Tsang Chun-wah warned last Friday that new measures would be rolled out to cool property prices if steps he introduced in the budget did not do the job.

The budget has been heavily criticised by lawmakers and members of the public for failing to address the difficulties many people face in buying a home.

HONG KONG: Fourth-quarter net profit at China Vanke, the country's largest listed property developer, rose 35%, beating forecasts, as residential sales picked up strongly.

China Vanke Co Ltd booked a net profit of 2.37 billion yuan (RM1.18 billion) for the October-December period, against 1.76 billion yuan a year earlier, according to Reuters calculations.

LONDON: UK house prices were 0.4% higher than a year ago in February, marking the first annual rise since March 2008, a survey showed on March 1.

House market analysts at Hometrack said prices rose a non-seasonally adjusted 0.3% on the month but warned that the market did not appear poised for another boom.

Prices were 1% lower in January than the same month in 2009.

LONDON: The US and Japan are expected to see the biggest rise in distressed property sales in the first quarter, as the fallout from the global property downturn intensifies, the results of a survey showed on March 1.

KUALA LUMPUR: International real estate services provider Jones Lang LaSalle Meghraj (JLLM) in India has been appointed the international marketing and retail consultant to Lavasa (near Pune), India’s first planned hill city since independence,.

*In line

3QFY10 results bore no surprises with relatively flattish trend. We expect extensions of the Suria KLCC mall (phase 2) and Lot C office space, on track for completion in FY11 and FY12 respectively, to deliver 6-12% EPS growth. Buy, for its predictable earnings, iconic assets, and growth prospects. Our RNAV-based TP is RM3.60.

* Core earnings beat HLG and street estimates