SHANGHAI: China is risking property-market “bubbles” to encourage growth in the world’s third-largest economy, according to former Morgan Stanley Asian economist Andy Xie.

KUALA LUMPUR: CIMB-Mapletree Management Sdn Bhd (CMM) has completed the acquisition of Patimas Computers Bhd’s headquarters building for RM60 million.

The property, located in Technology Park Malaysia (TPM), Bukit Jalil, comprises a 2-storey purposed built Grade A office building with a gross area of 138,000 sq ft.

KUALA LUMPUR: Rent prices in the Brooklyn apartment market are showing signs of stability following swings in rents and vacancies underpinned by job losses, according to a report.

However, it is unlikely that the market has hit bottom yet, said real estate investment services firm Marcus & Millichap in their 4Q apartment research report.

KUALA LUMPUR: Following a 40% take-up rate of its Amarin Wickham green condominium project after the launch here on July 24, luxury property developer Amarin Group will launch the luxury freehold 21-unit project across the Causeway.

KUALA LUMPUR: Consumers in Asia/Pacific, Middle East and Africa region stated one of the main reasons for saving is for property acquisition, according to the latest survey by MasterCard.

Apart from having an emergency stash, the other main reasons for putting money aside are for investing (46%), retirement (45%), and buying property (40%). 

SYDNEY: Australia’s housing affordability dropped 3.3% in 3Q as interest rates at half-decade low and government grants to first-time buyers fuelled demand and prices for property, according to the Housing Industry Association (HIA).

LONDON: The worst of the global commercial property meltdown is over, although the recovery will be uneven as rebounding markets in Asia and Europe contrast with more subdued US conditions, a report said on Oct 21.

The rally is supported by the improving global economy, investor sentiment, market liquidity and corporate balance sheets, Jones Lang LaSalle Inc said in the report.

TEL AVIV: Israel, the best-performing residential property market this year, may lose its standing after becoming one of the first countries to raise interest rates since the global recession began.

KUALA LUMPUR: Atis Corporation Bhd is raising its shareholding in property developer Mutiara Goodyear Development Bhd to 30.28% with the proposed acquisition of an additional 9.26% stake for about RM20.74 million cash.Atis said on Wednesday, Oct 21 the 9.26% comprised of 21.38 million shares acquired from Lim Beng Guan and Laman Arif Sdn Bhd.

LOS ANGELES: Apartment rents declined throughout the US West and South in 3Q as rising unemployment made it harder for landlords to raise their rates.