KUALA LUMPUR: Asian Pac Holdings Bhd's unit Safe Valley Sdn Bhd is disposing four pieces of freehold land in Setapak measuring about 8.7 million acres to Axis Milestone Sdn Bhd for RM49.11 million cash.

In a filing to Bursa Malaysia on Monday, Dec 27, Asian Pac said the lands were acquired in September 2007 at a cost of about RM22.06 million.

BANGKOK: The financial arm of Thailand's top home builder Land & Houses Pcl said on Monday, Dec 27 it planned to sell 1.44 billion new shares in an initial public offering (IPO) next year.

A PATCHY recovery in house prices around the world in the third quarter of this year was led by markets in the Asia-Pacific, which recorded an average rise of 9.9%. The increase was tracked in the global house price index by property consultancy Knight Frank.

THE rapid development of the mainland's high-speed rail network will make it easier to get around and bring new opportunities for real estate investment, property consultants say.

SINGAPORE-LISTED property investor Treasury China Trust plans to invest more than one billion yuan (RM466.25 million) in at least three shopping arcades on the mainland as it positions itself to take advantage of the growing wealth of consumers there.

IN 2008, when most Americans were fleeing the property market, David Mann was charging towards it.

KUALA LUMPUR: Sunway Merica, the 3-storey semi detached residential units developed in Sungai Ara by Sunway City (Penang) Sdn Bhd, is now open for registration.

The developer is a wholly-owned subsidiary of Sunway City Bhd (SunCity).

HANOI: Vietnam needs more than 2.2 trillion Vietnam dong (RM348.93 billion) in the next five years to develop housing, Vietnam News Agency cited a report recently released by Ministry of Construction.

Ministry experts came up with the figure by assigning 21.5 square metres of floor space per capita.

Some of them may seem like fresh-faced novices in the field, but their maturity belies their age. These eight enthusiastic young adults City & Country features in its final issue of the year have been picked to represent the next generation of real estate developers.

Depending on who you are talking to, the Malaysian property market will continue to head north or sail into stormy waters.