CHARLOTTE, North Carolina: Bank of America Corp, the biggest US home lender, sold a home for its top housing executive for 44% less than its initial asking price set 16 months ago, property records show.

WASHINGTON: The US economy grew more slowly than first thought in the third quarter, but a fifth month of gains in house prices in September and an improvement in consumer morale signalled the anaemic recovery was intact.

KUALA LUMPUR: The current economic recovery in the UK’s commercial property market may slow down in 2010, in tandem with the expected pace of economic growth, according to an economic consultancy.

KUALA LUMPUR: The Ampang Jaya Municipal Council (MPAJ) must seek the permission of the Works Ministry before making public the contents of the Bukit Antarabangsa landslide investigations report.

PETALING JAYA: DXN Land Sdn Bhd, a subsidiary of DXN Holding Bhd, has agreed to purchase three pieces of vacant freehold land from Lim Boon Yee, managing director of the holding company, for a total cash consideration RM706,090, according to Bursa Malaysia announcement on Nov 24.

The three plots add up to 1.09ha (2.6 acres) and are located in Mukim Arau, Perlis.

PETALING JAYA: British American Tobacco (Malaysia) Bhd (BAT) has agreed to sell an 1.99-acre industrial plot in Keningau, Sabah, to Wahid Adbul Hamid for RM1.95 million, according to a Bursa Malaysia announcement on Nov 24.

PETALING JAYA: The women’s wing of Parti Gerakan wants the Bukit Antarabangsa landslide report to be declassified.

In a statement on Nov 24, Gerakan Wanita secretary-general Jayanthi Devi Balaguru, said findings of the investigations into the tragedy should be made public to uphold accountability and transparency.

KUALA LUMPUR: Office occupancy rates in San Diego, in the US have plunged due to unemployment rates of above 10% and falling operating incomes, according to Marcus & Millichap real estate investment services firm.

HUA HIN, Thailand: InterContinental Hotels & Resorts will open its first seaside retreat in the country, the 119-room InterContinental Hua Hin Resort next month.

The hotel also offers 11 deluxe ocean-view suites and six executive suites, in addition to three beachfront villas with private plunge pools and one presidential suite that can cater as a private wedding chapel.

KUALA LUMPUR: Rental growth in the UK student property market is expected to continue, underpinned by limited supply and strong demand, according to a statement released by Knight Frank UK.