HONG KONG: Sun Hung Kai Properties (SHKP) will release its residential project in Yuen Long for sale tomorrow Feb 20 at an average price of HK$5,200 per square foot, about 18 per cent higher than secondary transaction prices in the nearby area.

SANYA (China): Prices up 30 per cent in a fortnight. Luxury properties costing as much as the priciest Shanghai homes. Property sales at record levels. Developers hoarding flats in the expectation they will fetch more later. Land prices too rich even for Allan Zeman.

NEW YORK/LONDON: The planned sale of Citigroup’s real estate asset management arm has hit a snag after some of the unit’s clients refused to give their blessing to a disposal, sources told Reuters.

KUALA LUMPUR: Gleneagles Hospital Kuala Lumpur is on track to creating a niche for itself by offering a host of related services to its private medical and healthcare services, all within the same area.

TAWAU:  Some 400 Iban residents living in a longhouse in Ulu Merotai here have urged the government to gazette some 728ha of land here as a village reserve.

A spokesman for the villagers, William Liang Pilai, said they recently received a notice from the Sabah Forestry Department asking them to vacate the land which they have been occupying for 32 years.

KUALA LUMPUR: The Federal Territories and Urban Wellbeing Ministry prefers to focus its efforts to develop gardens than commercial centres, its minister Datuk Raja Nong Chik Raja Zainal Abidin said.

KUALA LUMPUR: Land owners in Kampung Baru are reminded not to be confused over the RM4 million payment promised by the government if they were to accept the proposed re-development concept plan for the area.

KUALA LUMPUR:  Seriemas Development Sdn Bhd is launching the first phase of 2-storey superlink homes at its Cempaka Suria project in Kota Seriemas (pictured), Nilai, Negri Sembilan on Feb 20.

Seriemas Development (formerly known as I&P Seriemas Sdn Bhd) is a subsidiary of PNB Development Sdn Bhd.

LOS ANGELES: Among the four top-ranking international financial centres (IFC), London and Hong Kong’s office markets are the first to bounce back from the global economic crisis, said CB Richard Ellis (CBRE) in its report, “How Did They Fare? -- A Comparison of Office Markets in IFCs”. The other two cities are Tokyo and New York.

Reaffirm NEUTRAL