HONG KONG: A steady influx of new business tenants and the expansion of financial institutions already present in the city has combined to produce a sharp increase in grade A office rents.

In Central, the average rent for prime office accommodation has risen 35% to HK$92 per sq ft since the beginning of the year, according to research by property consultancy Colliers International.

HONG KONG: Home sales activity in Hong Kong last week fell 40% from the previous week as homeowners rushed to raise asking prices in expectation of a property boom as a result of the United States' announcement of a second round of fiscal stimulus for the economy.

HONG KONG: Professionals in the China property industry saw the highest growth in their annual salaries, outperforming East Asian counterparts, a survey shows.

GEORGE TOWN: A Barisan Nasional (BN) assemblyman today asked the Penang DAP government to reconsider the proposal to acquire people's land in Balik Pulau for an education hub.

KUALA LUMPUR: Shangri-La Hotels (Malaysia) Bhd net profit for its third quarter (3Q2010) nearly doubled to RM23.5 million, compared with RM12.6 million recorded in the same period a year earlier. The company's 3Q revenue saw a smaller increase of 20.3% to RM111.95 million from RM93.06 million in the same period last year.

PETALING JAYA: Sunway City Berhad's (SunCity) recent launch of A’marine, a luxury lakeside condominium in Sunway South Quay, located within the Sunway Integrated Resort City (SIRC), saw 80% of its units sold.

A’marine has a gross development value (GDV) of RM200 million and comprises 242 units with sizes from 1,306 sq ft to 2,836 sq ft.

KUCHING: Kuching North City Commission (DBKU) did Sarawak proud when it was awarded the Sustainable City Award at the National Environmental Awards 2009/2010 for the second consecutive time.

DBKU mayor Mohd Atei Abang Medaan who was ecstatic about the win, expressed his gratitude to the people of Kuching and commended DBKU staff for the success.

SHAH ALAM: Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim said on Tuesday, Nov 9 that the state government supported the federal government's Greater Kuala Lumpur plan because it would benefit Selangor as well.

HONG KONG: Real estate transactions in Asia grew a strong 44% to US$20.8 billion (RM64.3 billion) in the third quarter from the previous three months, with the rising trend set to continue through the rest of 2010, an industry association said.

DUBAI: A holistic and coordinated approach is needed to enhance the opportunity for Dubai's real estate market recovery, said a report.