PETALING JAYA: Despite the revival of international buyer interest, it is the return of the UK buyer that is driving the strong price growth in recent months, particularly those employed in the “City”, according to the Knight Frank Prime Central London Index for October 2009.

SYDNEY: Real estate investment firm Aviva Investors sees a recovery in Asian property markets in the next two years and is looking to boost the region's share of its asset portfolio to 25% over the next five to 10 years.

NEW YORK: The price of Bernard Madoff’s former penthouse apartment in Manhattan was cut by US$1 million (RM3.39 million) to US$8.9 million after almost two months on the market.

NEW YORK: JPMorgan Chase & Co, the third- largest home lender in the US, said it plans to hire 1,200 mortgage officers to prepare for a recovery in the housing market.

KUALA LUMPUR:  Crest Builder Holdings Bhd's unit has secured a RM145.3 million contract to build the superstructure of a 35-storey office tower along Jalan Ampang in Kuala Lumpur.
The contract, awarded by Khor Joo Saik Sdn Bhd, is for 24 months and it is expected to be completed by Nov 11, 2011.

PETALING JAYA: Sustainability remains a key agenda item for corporate real estate (CRE) executives, with 70% viewing sustainability as a critical business issue today and 89% taking sustainability into consideration when making their location decisions, an increase from 76% in 2008, according to the third annual CoreNet Global and Jones Lang LaSalle global sustainability survey conducted in Sep

KUALA LUMPUR: AmFirst Real Estate Investment Trust (AmFirst REIT) saw its net profit for the second quarter ended Sept 30, 2009 (2QFY2010), increase by 18.85% to RM10.35 million, from RM8.7 million a year earlier.

KUALA LUMPUR: Nusajaya Consolidated Sdn Bhd (NCSB) has acquired a parcel of Puteri Harbour Land in Johor Bahru from Bandar Nusajaya Development Sdn Bhd and UEM Land Bhd for RM16.3 million.

KUALA LUMPUR: The authorities in the growth corridors must have sustainable town and city planning standards to allow viable and attractive developments to take place.

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB), a financial institution which largely caters to government servants, is looking to grow its loan portfolio aggressively in the financial year ending Dec 31, 2010, with a focus on expanding its corporate loans business, its chief executive officer, Ahmad Zaini Othman said.