KUALA LUMPUR: Ho Wah Genting Bhd has mutually agreed with Ivan Khor Property Holding Sdn Bhd to rescind their conditional sale and purchase agreement dated Oct 8, 2008, for Ivan Khor Property to purchase two Kedah properties from HWGB for RM7 million.

KUALA LUMPUR: AMDB Bhd's unit Walleng Enterprises Sdn Bhd is targeting property in London for investments after subscribing for 60% of British Virgin Islands-incorporated Westlink Global Investments Ltd.

HONG KONG: The 17^th floor of Tower Two, Lippo Centre, is up for sale by public tender. With a total area of approximately 12,633 sq ft, the office located at No 89, Queensway, Admiralty in Kowloon faces Victoria Harbour and Hong Kong Park.

PETALING JAYA: Abandoned housing projects have long been a major problem for the country. According to the Ministry of Housing and Local Government, there are currently 136 abandoned housing projects nationwide. This accounts for approximately 2% of the country’s total housing developments and affects 30,576 house buyers.

PETALING JAYA:  SSTwo, a retail development owned by Pramerica Real Estate Investors (Asia) Pte Ltd under Asian Retail Mall Fund (ARMF), is aiming to open the mall by mid  next year, its leasing agent and retail mall manager DTZ Nawawi Tie Leung Property Consultants Sdn Bhd said.

KUALA LUMPUR: The global economic slowdown slammed hard into Vietnam’s burgeoning economy. However, a strong and steady upward surge is being seen as the country fights its way out of the recessionary drag. The office sector is seen to be active with numerous transactions, thanks to lower rents and new office supply.

NEW YORK: Worldwide, economies are reportedly on the mend, with some said to be turning around more convincingly than the rest. The subprime property debacle in the US has knocked values and yields off real estate across the globe. Of late, however, a return in confidence in the property sector has been felt.

PETALING JAYA: What kind of landed home can you get for RM300,000? And just as important, will its location be good?

In Plentong, at the outskirts of Johor Baru, one can own a brand new 1-storey semi-detached house for just RM300,000 or less, says those familiar with the market.

It is common to read about foreign developers investing in popular locations such as the Klang Valley, Johor and Penang, given the more vibrant business environment and investment opportunities there. However, Singaporean developer Hatten Group Sdn Bhd is proving that taking the route less travelled can be rewarding.

Auction sales are on the rise as market sentiment in London continues to improve.This year saw a return of popularity for auctions after a period of relative inactivity in 2008.