DUBAI: Property prices and rents for residential and office spaces in Dubai are falling as demand remains fragile, according to the local property market update report for July 2010 issued by real estate consultancy Cluttons.

HONG KONG: Hongkongers priced out of the property market could soon get a more affordable alternative — a scheme that allows them to part-buy and part-rent their dream home.

SHANGHAI: US investment bank Morgan Stanley has sold its serviced apartment project in Pudong, Shanghai, for about 1.2 billion yuan (RM571.15 million), making it the second-largest residential deal by value in the city so far this year.

HONG KONG: Developers of two major luxury housing projects are battling for buyers by rolling out more units after strong sales over the weekend.

HONG KONG: Buyers snapped up all 92 units of the first batch of Sun Hung Kai Properties' luxury development Larvotto to go on sale on Saturday, July 17 at an average price of HK$17,288 (RM7,174.43) per square foot.

The developer, which is better known for its developments in the suburbs, is expanding its presence in the heart of Kuala Lumpur where it recently acquired a piece of freehold land at the intersection of Jalan Pudu and Jalan Robertson.  MD Chow Chee Wah tells Racheal Lee about its plans for the site.Gamuda Land Sdn Bhd has carved a name for itself as a landed residential estate

Bluwater Estate, a 247-acre green township development by Bluwater Development Bhd, is gradually taking shape in Seri Kembangan, Kuala Lumpur. The developer recently soft-launched a new offering there called the Bluhaven Urban Resort Series of bungalows. “This is the first in our series of unique bungalows.

Berjaya Land recently launched its latest commercial project, a 46-storey green office tower in Kuala Lumpur's Golden Triangle. The freehold Ritz Corporate Suites office tower, located at the corner of Jalan Ampang and Jalan Sultan Ismail, is next to the Ritz-Carlton Residences — a serviced apartment tower.

Builders are upbeat about the prospects of Penang's real estate. A combination of factors - including dwindling land, George Town's World Heritage site status, and the success of the MM2H programme - has kept property prices on an uptrend and pulled in foreign investors. Interest has now spilled over to the mainland, boosted by the ongoing construction of the Second Penang Bridge.

Driving up the winding road to the tourist belt of Batu Ferringhi in Penang, it’s hard to miss the grand homes being built atop a nearby hill.