LONDON: British house prices plunged a record 3.6% on the month in September, mortgage lender Halifax said on Thursday, Oct 7 in a further sign the housing market is rapidly losing steam after a pick-up last year.

HONG KONG: The building at 88 Stanley Main Street, home to The Boathouse restaurant, may be bulldozed to make way for a hotel development.

The owner of the blue building on the waterfront, Dolphin Bay Trading, controlled by a foreign private equity fund, has appointed property agency Colliers International to sell the 62-year-old site.

HONG KONG: No.88 on Stanley Main Street (pictured), Hong Kong has been put up for sale by public tender.

ABU DHABI: Abu Dhabi's retail potential is expected to be realised with over 10 million sq ft of new retail space scheduled to be delivered to the market by 2013, reported Cluttons in its latest Abu Dhabi Property Market Update.

Abu Dhabi's retail market has been undersupplied relative to potential demand, said Cluttons.

DUBAI: Western investors are likely to turn to emerging markets in the Middle East, Southeast Asia and Asia Pacific as developed economies lag on financial recovery, said Ethan Penner, president of CB Richard Ellis (CBRE) CapitalPartners and executive managing director of CBRE Investors.

HONG KONG: Rents of serviced apartments have risen strongly this year because of an influx of expatriates relocating to Hong Kong as a result of the expansion of financial institutions.

Tai Hung Fai Enterprise's managing director Edwin Leong Siu-hung said his group had raised rents twice this year and would do so again before the end of the year.

HONG KONG: Buyers splashed out HK$13 billion (RM5.18 billion) on newly released flats in Hong Kong during the "golden week" national holiday weekend, providing fresh evidence that government measures aimed at cooling demand for property are not working.

HONG KONG: Homebuyers looking for small flats in urban areas as a first choice may be deterred by soaring prices — such as the HK$6 million (RM2.39 million) being asked for a new 400 sq ft apartment now on offer in Wan Chai.

MUNICH: Fund manager Henderson plans to raise some US$900 million (RM2.78 billion) to buy malls on the mainland and in Germany, as robust growth in the two economic powerhouses boosts domestic spending, the company's head of global property says.