REAL Estate Investment Trusts (REITs) have been becoming more popular in the global market. The global REIT market has experienced significant growth in the past 20 years, with an additional 20 countries adopting REIT legislation or equivalents.

KUALA LUMPUR: Dijaya Corp Bhd posted a net profit of RM36 million for its fourth quarter (4Q 2010) ended Dec 31, 2010, ending its financial year (FYE 2010) with a cumulative RM49.41 million.

Its net profit for FYE 2010 was lower than the RM59.46 million recorded in FYE 2009, said Dijaya on Monday, Feb 21 in a Bursa Malaysia announcement.

HONG KONG: Legend Holdings — parent of computer group Lenovo Group Ltd — and its property unit Raycom Real Estate aim to listing in Hong Kong and in China between 2014 and 2016, the South China Morning Post reported on Monday, Feb 21.

BEIJING: Several Chinese cities including Shanghai have followed Beijing in restricting purchases of multiple homes as the government keeps up its campaign to curb property speculation.

The hospitality industry in the Klang Valley looks set to grow further this year on the back of positive economic growth and a rise in tourism and travel in Malaysia.

Amber Glades asking for S$120 mil in collective saleFreehold development Amber Glades (right) in Singapore has been relaunched for collective sale, with an indicative price of S$120 million. The site, at 30 and 32 Amber Gardens, covers 40,917 sq ft and has a gross plot ratio of 2.8.

The first block of serviced apartments in Azea Properties — a project in the Danga Bay development in Iskandar Malaysia in Johor — saw all 175 units fully booked within a month of the preview. Priced at RM697 psf, the quick take-up of the high-end units seems unusual for the Johor Baru market, but then, so was the marketing strategy.

Do what you know best,” says Ng Chee Hua, managing director of Miramas Group.

Tim Murphy, a prolific property investor and founder and CEO of Hong Kong-based international property investment firm IP Global, thinks property values in Kuala Lumpur are set to rally. The Malaysian capital is one of Murphy’s hot picks for 2011.

Hong Kong’s high-street retail rents have never been cheap and this has been especially true in the past few months, during which rents have risen steadily higher.
And though landlords have been very aggressive in raising prices, there has been no shortage of retailers (mainly luxury or international retail giants) bidding for the same location.