Sector: Real Estate Development

Joseph Lau, the flamboyant tycoon who heads developer Chinese Estates Holdings, will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, the second high-profile corruption case involving a Hong Kong property company in two months. 

Sun Hung Kai Properties board member Thomas Chan is set to return for bail renewal at Hong Kong's anti-corruption agency on Monday in a widening graft scandal involving one of Asia's richest families.

Hong Kong's anti-graft agency is looking into payments totalling more than US$2.5 million to a former top public servant as part of the city's corruption investigation involving two billionaire brothers who run Asia's largest property developer.

Global real estate markets had a forgettable last year, with prices rising a paltry 0.5 percent, leading to gloomy forecasts for 2012. But over the past five years, property prices have registered huge gains, sparking fears of an asset bubble and concerns over the impact of high household debt. We've put together a list of the world's 10 hottest real estate markets with highest five-year average growth in house prices. Find out which countries have seen house prices skyrocket.

With home prices down more than a third from their peak and the market swamped with foreclosures, large investors are salivating at the opportunity to buy perhaps thousands of homes at deep discounts and fill them with tenants. The New York Times reports.

The housing market remains shaky amid an improving, broader economy. And after years of declines, homeowners have changed their priorities in home improvement. So, what are some of the new home-improvement rules for a new housing reality.

Thanks to high gasoline prices, today's home buyers want to be close in. D.C., with so many  thriving suburbs and an expansive Metro system, offers ample opportunity.

A senior executive at Sun Hung Kai Properties Ltd has been arrested by Hong Kong's anti-graft body over suspected ribery, in a rare case involving Asia's largest property developer by market value.

Outside its scripted meetings, China’s annual parliament gives rise to two activities that expose opposite ends of the country’s growth story: a boom in luxury shopping matched only by a surge in public complaints about corruption, the FT reports.

Beijing's recent announcement that it has enough room to ease monetary policy is sending mixed signals about its stance on the property market, says a market watcher who sees an increase in liquidity working against curbs introduced to cool the real estate sector.