KUALA LUMPUR: The Hong Kong property market is being pulled in two directions. On one hand, sales are rising but leases are heading south. According to the Colliers International Hong Kong 2Q2009 property report, the market mood is still conservative but investors are snapping up properties to ensure they are in good position to reap the benefits when the global economy recovers.

HONG KONG: Colliers International is offering the residential and commercial site at Nos 396-400 Prince Edward Road West,By E Jacqui Chan of theedgeproperty.com for sale by public tender after being appointed the sole agent by the owner.

SHANGHAI: Encouraged by the recent flow of new government-created liquidity and a re-bounding market optimism in the Asia-Pacific region as compared with the start of 2009, some real estate investors have taken advantage of inexpensive financing costs by acquiring office assets in the hope of future capital gains.

KUALA LUMPUR: Hua Yang Bhd plans a mid to high-end township project with gross development value (GDV) of RM350 million, near its current project in Taman Pulai Indah, Johor.

KUALA LUMPUR: Stockbroking and property development group TA Enterprise Bhd intends to continue its hotel-buying spree, expecting to acquire at least one hotel property a year over the next two to three years

TA Enterprise managing director and chief executive officer Datin Alicia Tiah said today the group also plans to build two hotels in Kuala Lumpur.

KUALA LUMPUR: Hap Seng Consolidated Bhd is buying a 50% stake in Menara Citibank for RM303.5 million from Singapore's CapitaLand Ltd and Amsteel Corporation Bhd.

PETALING JAYA: Land & General Bhd (L&G), the master developer of Bandar Sri Damansara in Selangor is now debt-free following the full settlement of its RM657 million debt.

PETALING JAYA: Members of the Master Builders Association of Malaysia (MBAM) and its affiliates want the government to address the impact of the 0.5% ad valorem stamp duty imposed by the government on construction contracts.

KUALA LUMPUR: Mah Sing Group Bhd has acquired a 115-acre land in Cyberjaya, the information communication technology (ICT) township, with plans for a medium to high-end residential development.

KUALA LUMPUR : Malaysian Resources Corp Bhd (MRCB) is undertaking a RM2.14 billion mixed development within the Kuala Lumpur Sentral enclave. The project known as the "Lot G Integrated Development" on a 29ha (72 acre) site, comprises a retail mall and  hotel, besides three office towers.