The global housing bust is effectively over.

nex receives Green Mark Gold Awardnex (picture), an upcoming mall at Serangoon, has topped up, says the development’s owner, Gold Ridge Pte Ltd. The mall has more than 600,000 sq ft of net lettable area and is adjacent to the Serangoon MRT station and bus interchange. It has leased out more than 95% of space with more than 300 confirmed tenants.

High-end residential prices to increase 10% to 15% in 2010 Prices of high-end and super-luxury homes in Singapore are expected to rise another 10% to 15% this year, thanks to optimism surrounding the two integrated resorts, coupled with a more robust global economy, says property consultancy Savills.

BANGKOK: Torched by Thai anti-government protesters, Southeast Asia's second-biggest shopping complex will re-open its doors within six months, its president said on Friday, June 4, ending speculation it would be demolished.

SINGAPORE: Over 50 mayors and governors from cities around the world will attend the inaugural World Mayors' Forum here on June 30, to share the best practices and suggest solutions to build liveable cities and foster harmonious communities.

KUALA LUMPUR: Not a single square inch of land in the redevelopment of the Kampung Baru Malay settlement in the city will be sold to non-Malays, said Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin.

LONDON: UK house prices fell for a second consecutive month in May, mortgage lender Halifax said on Friday, June 4, in a further sign the recent property market recovery is losing steam.

Halifax said house prices fell by 0.4% in May after April's 0.1% decline, wrongfooting analysts who had forecast a modest increase.

KUALA LUMPUR: Amcorp Prima Realty Sdn Bhd, a wholly-owned subsidiary of AMDB Bhd, has launched a low-density bungalow development in its Kayangan Heights development in Shah Alam.

BEIJING: China has ordered developers to put more funds on deposit to pay tax on sales revenues, a move that will add pressure to their cash flows, domestic media reported on Friday.

KUALA LUMPUR: An increase of approximately US$40 per tonne was recorded in the MEPS – Asian All Products Composite steel price in May, with advances noted in flat and long categories.