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Mild correction on China home prices for 2H2010

KUALA LUMPUR: China’s home prices will see mild corrections in 2H2010 for key cities such as Shanghai, Beijing, Guangzhou and Shenzhen, according to a Knight Frank China’s latest research report released on Aug 10.

Developers hope for incentives to build low-cost houses in new budget

KUALA LUMPUR: Developers should be given incentives to build low-cost houses in the upcoming Budget 2011 to cater to the demand.

In making the call, Hua Yang Bhd's chief operating officer Ho Wen Yan said the matter should be looked into seriously to encourage more developers to build more affordable homes.

Australia's property firms line up to sell bonds

SYDNEY: Australian property borrowers are queuing up to sell bonds, seeking to diversify their funding and spread out maturities to strengthen their balance sheets after being scarred by the global financial crisis.

Asia's office rents rise 2.1% in second quarter

HONG KONG: Office rents in Asia rose 2.1%, ending seven consecutive quarters of decline, according to international property consultant CB Richard Ellis.

The growth was spurred by increased demand as the steady regional economic recovery encouraged some multinational companies to reactivate expansion plans.

Slowdown in sales seen as 'just a breather'

HONG KONG: Property consultants have put a positive spin on the recent slowdown in sales activity, saying prices have not peaked yet and that the market is just taking a breather before continuing its upward momentum.

The first week of the month saw transaction volume in major housing estates dropping 15% compared with a week earlier.

AmFIRST reports 6% drop in net profit for 1Q

KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST) reported a net profit of RM9.9 million for the first quarter result of its financial year ending March 31, 2011, a drop of 6% from RM10.5 million reported in the same quarter a year earlier due to due to higher provision for doubtful debts and higher interest funding costs.