HONG KONG: International property consultant CB Richard Ellis Group announced the acquisition of a commercial property asset management and consultancy services firm in Hong Kong in a move to expand its asset management business.

HONG KONG: Property sales ended lower last week after their initial rebound following last month's policy address.

About 750 flats were sold from Oct 25 to 31 in the 50 leading housing estates monitored by Ricacorp Properties, down 2% on the 804 deals recorded the previous week.

HONG KONG: Sun Hung Kai Properties (SHKP) is to give its Beijing APM shopping mall a second major facelift in as many years to reposition the centre to appeal to local middle-income shoppers rather than tourists.

SHANGHAI: With the final accounting of Shanghai property sales for October now completed, property agent Clement Luk is a relieved man — though he admits his relief may be short-lived.

KUALA LUMPUR: Cyberview Sdn Bhd has achieved a total investment value of RM3.19 billion in its land sales and development for this year.

In a statement today, Cyberview said the value represented more than a third of the RM9.1 billon Cybercity's total investment since its inception in 1996.

LONDON: Activity growth in Britain's construction sector slowed more than expected in October to its weakest in eight months, a survey showed on Tuesday, suggesting a key prop of recent economic growth may be starting to crumble.

PUTRAJAYA: Putrajaya's outlook is set to become more vibrant from commercial activities, said Putrajaya Holdings (PjH) director and chief executive officer, Datuk Azlan Abdul Karim.

He also said Putrajaya's vibrancy in the near future comes with the completion of the commercial development there.

Azlan was speaking during an exclusive media tour of Putrajaya conducted by PjH.

SINGAPORE: Singapore Prime Minister Lee Hsien Loong said on Tuesday, Nov 2 the city-state's red-hot property market was a matter of concern and needed careful monitoring to avoid the creation of a bubble.

KUALA LUMPUR: Building contractors were on Tuesday, Nov 2 reminded to be too dependent on cheap labour, but instead use more highly-skilled manpower and practise efficient cost management.

Works Minister Datuk Shaziman Abu Mansor said over-dependence on cheap labour would be counter productive and make the construction industry less competitive and efficient.

KUALA LUMPUR: Leaders of the steel industry should seize the various opportunities offered by the Economic Transformation Plan (ETP), especially key projects under the Greater KL Plan, said Public Works Department director-general Datuk Seri Judin Abdul Karim.