PETALING JAYA: YTL Corporation Bhd (YTL) does not have aspirations of “gentrifying” the Sentul area, but plans to make it a mixed-income neighbourhood that is desirable to live in, according to architect Lena Ng.

HONG KONG: Hong Kong’s weekend home sales fell 16% at major developments as concerns about Dubai World’s debt prompted buyers to slow purchases, Centaline Property Agency Ltd said.

KUALA LUMPUR: CIMB Equities Research sees the downside as fairly limited for WCT and Gamuda following the fallout from the developments in Vietnam and Dubai last week, though WCT is involved in Abu Dhabi only.
The research house said although the developments there were negative surprises, their implications for WCT and Gamuda were unlikely to be substantial.

Dijaya acquired adjacent Bok House land

Last week, Dijaya Corporation announced the acquisition of the 1.3-acre Bok House land, which is adjacent to Wisma Angkasaraya, for RM123 million or RM2,200 per sq ft (psf). Dijaya intends to develop the site into an integrated commercial development comprising of an international hotel, serviced suites and/or office suites.

ABU DHABI: Abu Dhabi, wealthy capital of the United Arab Emirates (UAE), will "pick and choose" how to assist debt-laden neighbour Dubai, a senior official said on Nov 28, after fears of a Dubai default sent global markets reeling.

CANBERRA: Australia has overtaken the United States, the heartland of the McMansion, to boast the world's largest homes, according to a report by the Commonwealth Bank of Australia.

PETALING JAYA: About 2,375 hectares (ha) of land have been identified by the Selangor state government for regeneration and redevelopment, said Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim.

WELLINGTON: New Zealand’s home-building approvals rose for a fourth month in October, signaling that lower interest rates are kick-starting demand for property.

Permits increased 11.7% from September, Statistics New Zealand said in Wellington today, citing seasonally adjusted figures. Excluding apartments, approvals rose 11.2% to a 16-month high.

LONDON: Individuals with more than $800,000 (RM2.87 million) to invest plan to increase their property holdings because they foresee better long-term returns than from stocks and bonds, according to a Barclays Plc global survey.

LONDON: Luxury-home prices in central London rose on an annual basis for the first time in 17 months as bank and hedge-fund executives bought houses and apartments in anticipation of bonuses, Knight Frank LLP said.