HONG KONG: Rising rents and surging prices of apartments in Hong Kong are driving a trend towards conversions of older industrial and commercial buildings into lofts.

HONG KONG: Beijing home prices are expected to maintain a steady course during the remainder of the year, supported by the city mayor's unexpected pledge not to use administrative measures to intervene in the market.

SEOUL: South Korean banks' mortgage lending to households in January posted the smallest monthly gain in four months due to a fall in new home supplies and sluggish winter property trade, central bank data showed on Feb 10.

LOS ANGELES: Hoping to prevent the famed view of the Hollywood sign from being spoiled by development, a group set out on Tuesday Feb 9 to raise US$5 million to buy a nearby hilltop peak once owned by billionaire Howard Hughes.

LONDON: British Land's surprise 18% rise in net asset value lifted spirits among property landlords and lenders on Feb 9, but is unlikely to muffle doomsayers who claim a pricing bubble is already in prospect.

HONG KONG: The Hong Kong property market has risen too fast and buyers must look out for a bubble, according to Justin Chiu Kwok-hung, Cheung Kong (Holdings) executive director. "The rise is a bit unusual," Chiu said on Feb 8. "There should be a correction at some point."

SYDNEY: LaSalle Investment Management is seeking local partners to invest in Australian property developments and boost returns for its US$3 billion (RM10.32 billion) opportunity fund, a top executive said on Feb 9.

XINYANG, China: Fan Wenbao swears he is not in the business of speculating on property. Already the owner of one home in Xinyang, a grimy city in the poor central province of Henan, he bought two more there last year.

"It's an investment not to make money but to save money. Interest rates in the bank are too low," said Fan, a real estate agent in a shiny silver suit.

SHANGHAI: A piece of land located strategically close to China’s famous Nanjing Road in Huangpu District measuring 13,709 sq m has been auctioned on Feb 8 at 3.41 billion yuan (RM1.72 bilion). The land is known as the most expensive plot of land in China, according to Shanghai Daily.

HONG KONG: Sales activity and leasing demands in Asia-Pacific are expected to improve in 2010, according to Colliers International.