SEATTLE: US apartment vacancies rose to 7.8% in 3%, the highest since 1986, as rising unemployment reduced rental demand, Reis Inc said.

Actual rents paid by tenants, known as effective rents, declined 2.7% from a year earlier, the New York-based property research firm said in a report on Oct 6. Asking rents, or what landlords sought, fell 1.8% from a year earlier.

KUALA LUMPUR: Tara’s Dream, located in Grand Cayman in the Cayman Islands, is up for sale at US$4.75 million (RM6.7 million). The five-bedroom beachfront property, on an estate-sized lot of 0.98 acres, offers fine finishes and quality detailing throughout the home.

PETALING JAYA: Glomac Bhd is moving ahead with two of its commercial projects -- one in Mutiara Damansara and the other at the old Kelana Seafood Centre site, both in Petaling Jaya, Selangor. It is also looking to sell the projects on an en bloc basis.

KUALA LUMPUR: ECMLibra Investment Research sees more upside for Glomac and expects its earnings prospects  to improve going forward, underpinned by unbilled sales of RM333 million.

KUALA LUMPUR: Singapore's CapitaLand Ltd plans to spin off its unit, CapitaLand Retail Ltd and list it on the Singapore Exchange, and the proceeds to be raised from corporate exercise is S$1.57 billion.CapitaLand said in a statement to SGX on Monday, Oct 5 that CapitaLand Retail will be renamed CapitaMalls Asia Ltd.

Rule No 1 when buying a property on the secondary market; inspect the real estate more than once, especially if you intend to stay there.

Buying a home is a once-in-a-lifetime event for many of us; so one needs to avoid at all costs any potential pitfalls in the process.

KUALA LUMPUR: Glomac Bhd had acquired two parcels of land in Ijok, Selangor, totalling 27.8 acres, for RM9 million.

KUALA LUMPUR: The second phase of Eastern & Oriental Bhd’s (E&O) St Mary Residences, Tower A, achieved a take-up rate of 25% following its launch on Oct 1, said the company. E&O also said that there was a substantial number potential buyers registering interest in the second phase of the project, and who are expected to place their bookings soon.

KUALA LUMPUR: Construction group, Bina Puri Holdings Bhd has accepted the letter of award from Mayland View Sdn Bhd on Sept 25 for the construction and completion of one block of 38-storey serviced apartments with two-basement car park areas and four units of TNB substations at Jalan Kuching, Kuala Lumpur for RM185 million.

KUALA LUMPUR: Singapore's CapitaLand Ltd plans to spin off its unit, CapitaLand Retail Ltd and list it on the Singapore Exchange, and the proceeds to be raised from corporate exercise is S$1.57 billion (RM3.85 billion).