KUALA LUMPUR: Axis Real Estate Investment Trust (Axis REIT) will acquire a leasehold industrial property within Johor's Port of Tanjung Pelepas enclave from Zone Capacity Sdn Bhd for RM30 million.

In a statement to the exchange on Tuesday, April 20, Axis REIT said the property comprises a 6.12 acre site which accommodates a 1-storey warehouse and 2-storey office.

HONG KONG: Homes here are the least affordable among the world's major cities and are rapidly becoming less affordable — a fact buyers may find to their cost when interest rates rise.

This is shown by an international comparison conducted by a US consultancy at the request of the South China Morning Post, and Hong Kong government figures.

ABU DHABI: Kuwaiti developer, National Real Estate Company (NREC) has announced the development of Reem Mall on Al Reem Island, its first retail project in the United Arab Emirates, according to a press release on Cityscape Abu Dhabi’s website.

ABU DHABI: The world’s tallest building Burj Khalifa clinched the “Mixed Use Project” award at the Cityscape Awards for Real Estate in the Middle East and North Africa, held on April 18 here.

PETALING JAYA: The Master Builders Association Malaysia (MBAM) has urged the International Federation of Asian and Western Pacific Contractors’ Association (IFAWPCA) to produce a guide on “Construction for a Greener World” to help its members adopt green construction principles into their business.

IPOH: Some 36,000 Class F contractors nationwide may have to close shop due to lack of business as government projects have been slow in coming.

Perak Malay Contractors Association president Datuk Jamaludin Abdul Rahim said the 2,800 Class F contractors in the state were fully dependent on the government for construction jobs.

KUALA LUMPUR: Malaysian property developers are bracing for costlier steel, prompting the need to raise real estate prices against a backdrop of rising construction cost to preserve profit margins.

SHANGHAI: New home prices breached the 23,000 yuan (US$3,367) psm barrier for the first time last week amid abundant supply.

KUALA LUMPUR: A total of 21,611 of 29,562 People's Housing Programme (PPR) units of the National Economic Action Council currently managed by the Kuala Lumpur City Hall (DBKL) are available for sale to existing tenants, the Dewan Rakyat was told Tuesday, April 20.

MUMBAI/SYDNEY: India raised interest rates for the second straight month on Tuesday (April 20) and Australia signalled it may tighten policy further as the region's economies rapidly recover, putting pressure on policymakers to keep inflation in check.