DUBAI: Dubai’s Land Department is expected to announce a new regulatory framework for offshore companies investing in the country’s real estate freehold market, Gulf News reported on March 9.

This move is aimed at improving transparency. The department has since halted transactions of offshore companies due to lack of clarity for February.

HONG KONG: Thanks to ample liquidity and a helping hand from mainland financial institutions, Hong Kong's office market has recovered from the global financial crisis better than other main financial centres around the world, says property consultancy CB Richard Ellis (CBRE).

HONG KONG: Home sales here show no sign of abating despite the government's message that it will closely monitor the booming real estate sector and mounting calls for building to start again on subsidised flats for the needy.

KUALA LUMPUR: A party linked to Ho Hup Construction Co Bhd’s deputy executive chairman Datuk Vincent Lye has filed for an injunction to block an extraordinary general meeting (EGM) scheduled for March 17, said a source.

The application for the injunction will be heard on Monday (March 15), two days before the meeting.

KUALA LUMPUR: Gamuda Bhd-WCT Bhd’s joint venture (JV) in Qatar has been served with a request for arbitration by Bahrain Asphalt Establishment B S C (Closed) (BAE) following a claim totalling QAR109.27 million (RM101.06 million).

LONDON: The UK capital’s Chester Square retained the top spot for a second year in an annual list of the most expensive UK addresses as luxury property prices recovered from the housing slump, property researcher Mouseprice said.

KUALA LUMPUR: Kulim (Malaysia) Bhd and KPJ Healthcare Bhd, subsdiaries of Johor Corp (JCorp), had proposed to divest their properties to to Al-'Aqar KPJ Real Estate Investment Trust (REIT), according to separate announcements on March 9.

Kulim will divest its Menara Ansar in Johor Bahru, to Al-'Aqar KPJ Real Estate Investment Trust (REIT) for RM105 million.

KUALA LUMPUR: Kulim (Malaysia) Bhd has accepted the offer from Johor Corp (JCorp) for the lease of two parcels of land measuring a total of 20,296 sq ft in Johor Bahru for a lease consideration of RM5 million on March 9, the former announced on Bursa Malaysia on the same day.

KUALA LUMPUR: Fancy buying a home that comes complete with a luxury car? TH Properties Sdn Bhd’s strategic alliance with Naza Group may well make this possible. The two parties signed an MoU on March 9 to develop 52 units of luxury bungalows in Bandar Enstek, Negri Sembilan.

PETALING JAYA: The Real Estate and Housing Developers’ Association (Rehda) is concerned that the call for compulsory provision of broadband facilities at all new commercial and residential areas may be punitive to developers.