As expected, there was no lack of interest in the five commercial buildings put up for sale by tender by real estate investment trust (REIT) Amanah Harta Tanah PNB2 (AHP2), which is managed by Pelaburan Hartanah Nasional Bhd.The tender submission closed on Nov 5 for the sole property  located in Penang and on Nov 6 for the other four properties — three in Kuala Lumpur and one in Ipoh.

Third-quarter Manhattan market reports recently released by the city’s top brokerage firms showed a slowing rate of price decline while the transaction volume increased. The question everyone is asking is when Manhattan would hit bottom. Nobody knows because when we find out about it, the bottom would be over.

The secondary luxury housing market in Sydney, one of Malaysians’ favourite overseas property investment destinations, is showing signs of recovery with rising demand and improving consumer confidence, according to Australia-based real estate experts.“As the economy begins to show signs of further recovery and business confidence improves, as has already been the case in Australia, we anticipat

After the haphazard overnight queuings during the last two launches by I&P Group Sdn Bhd, the developer has resorted to the balloting system in its latest launches in Bandar Kinrara, Puchong, on Oct 10 and 11, respectively.

MK Land Holdings Bhd has sold Wing C (Block B) of Armanee Terrace Condominium — a luxury condominium in the Damansara Perdana township in Selangor — to Hong Kong firm Whamp Group (International) Inc for RM180 million.

PETALING JAYA: Persoft Properties Sdn Bhd will further upgrade its Menara Luxor office building along Persiaran Tropicana, Petaling Jaya, Selangor following the government's approval for it to be developed into an MSC (Multimedia Super Corridor) Cyber Centre. 

KUALA LUMPUR: The residential property sector in New Delhi, Gurgaon and Noida in India are beginning to gain momentum as investors and end-users attracted by correcting values, return to the market, said Cushman & Wakefield in its 3Q 2009 National Capital Region (NCR) Residential Report.

SHAH ALAM: Naza TTDI Sdn Bhd has completed Laman Seri Business Park, in Section 13 Shah Alam 18 months ahead of schedule.

The commercial development comprising 46 exclusive high-end units of shops and offices housed in six blocks is now in the process of being handed over for vacant possession.

KUALA LUMPUR: Banks may have decided to raise home financing rates, but prospective homebuyers can still snap up selected properties at cheap rates at least until early next year.“Most banks have revised their rates on average by 50 basis points, to base lending rate (BLR) minus 1.8%, but they don’t want to make a drastic revision and incur the repercussions.