SHANGHAI: The largest weekend supply of new homes hit the Shanghai residential market since June when 1,950 new homes in at least eight projects were launched on Aug 28 and 29, reported Shanghai Daily.

In comparison, only 444 apartments units were launched the previous weekend, according to Soufun.com, a real estate information portal.

KULIM: The Kedah Regional Development Authority (Keda) will build 1,001 housing units worth almost RM4 million under the state's Housing Assistance Programme, expected to begin in two months.

Keda general manager Arpan Shari said the project includes 28 additional units in two Keda areas in Kulim, namely Desa Keda Nagalilit, Padang Serai and Desa Keda Dingin, Karangan, near here.

SEOUL: South Korea said on Sunday, Aug 29 it would ease some mortgage borrowing restrictions for low income earners buying homes for their own dwelling as part of steps aimed at boosting the languid property market.

LONDON: British house prices suffered their biggest fall since April 2009 this month, declining by 0.3%, property data company Hometrack said on Monday, Aug 30 in its monthly survey of estate agents and surveyors.

August is traditionally a weak month for British house prices, with many buyers on holiday, and Hometrack's data are not seasonally adjusted.

The late Austrian playwright, poet and journalist Karl Kraus once said: “Experiences are savings which a miser puts aside.

Bandar Raya Developments Bhd (BRDB) recently launched what has been touted as Johor Baru’s first freehold landed strata, gated and guarded project. Known as The Straits View Residences, the project is located within its Bandar Baru Permas Jaya township.

Boustead Properties Bhd has been seemingly quiet of late — it has been going about its business with little fanfare.

Residential property prices on the secondary market in Penang are showing signs of stabilising.

Axis-REIT to acquire Tesco JB Hypermarket Axis Real Estate Investment Trust (Axis-REIT) has proposed to acquire the Tesco JB Hypermarket Complex in Johor Baru for RM75.6 million cash from Bukit Indah (Johor) Sdn Bhd. This acquisition will increase the assets under the REIT’s management to over RM1.2 billion, Axis-REIT announced on Aug 24.

The serviced residences market will be seeing 1,200 new units from eight developments over the next four years. As at 2Q, the Singapore market already had more than 4,600 units in 50 developments.