KUALA LUMPUR: House prices in the UK are set to plunge again following a three-month upward trajectory boosted by a shortage of property for sale, according to a property economist from a macroeconomic research consultancy.

KUALA LUMPUR: Despite the global economic downturn, Asia Pacific remains the most robust region for the warehouse market even as rentals in most countries continue to decline 1H2009, according to Colliers International.

KUALA LUMPUR: Bustling commercial area Jalan Masjid India may be facing a challenge from more upmarket commercial areas like Jalan Bukit Bintang but it remains the most expensive commercial street in the Klang Valley, and possibly the country.

The veritable hub of Indian goods and delicacies has seen huge, accelerated development over the past decade.

SYDNEY: Australian housing and construction data on Oct 7 added to evidence of economic recovery that spurred the central bank to raise interest rates on Oct 6 and is expected to bring more tightening in months ahead.

WASHINGTON: US office vacancies rose to a five-year high 3Q, as job losses deepened and employers abandoned space in the recession, property research firm Reis Inc said.

PHOENIX: The US, criticised for holding illegal immigrants in overcrowded and poorly run jails, on Oct 6 announced plans to convert hotels to detain some non-criminal immigrants.

Homeland Security Secretary Janet Napolitano said illegal immigrants ranging from criminals to newly arrived asylum seekers would be held in different facilities according to the risk they pose.

SYDNEY: Australia, the first Group of 20 (G-20) nation to raise interest rates since the height of the global financial crisis, has signalled further increases in coming months.

KUALA LUMPUR: The retail industry in Malaysia is expected to see a marginal growth of between one and three per cent by year-end as consumers continue to spend despite sluggish economic conditions.

KUALA LUMPUR: Pantech Group Holdings Bhd is buying more industrial land from Johor Corp Bhd for RM12.85 million.

In a filing to Bursa Malaysia on Oct 6, its wholly-owned subsidiary, Pantech Corp Sdn Bhd, has entered into a new sale and purchase agreement for an amalgamated leasehold lot known as PLO 809, measuring 20.66 acres, in the Pasir Gudang Industrial Area.

PETALING JAYA: Dubai is ready to regain its competitiveness in the real estate industry amid a landscape of cautious investors and developers, said Cityscape Dubai managing director Rohan Marwaha.