Housing projects take squatters out of slums
From her third-floor flat, Mrs. Elvie Pablo, a mother of four children, pinpoints an extensive slum of shanties. This eyesore is the Philippine National Railways or the PNR.According to Mrs. Pablo,”That is where we used to live”. The excessive crowding was awful, and several quarrels...
Continue Reading • 18 Nov 2009
China’s housing prices to rise next year
Housing prices in China will continue to increase next year due to a stronger inflationary expectations and the surge in bank lending, said the government’s top think tank yesterday.But the property market may flow back slightly and become stable in the second half of next year, after the...
Continue Reading • 18 Nov 2009
UK property market showing signs of stability
The property market in the UK is showing signs of stability after more than two years of declining property prices.The British Land Co. PLC, the second-largest real-estate investment trust in the United Kingdom in terms of market capitalization, disclosed the latest evidence on Tuesday. It...
Continue Reading • 18 Nov 2009
HK’s lucky flat is not so lucky
A Chinese buyer who paid HK$56 million ($7.2 million) for a “lucky” unit in Hong Kong may be regretting his move, according to a media report.The Chinese buyer bought the luxury duplex apartment, located on the 68th floor in the Mid-Levels district, for HK$88,000 per square foot....
Continue Reading • 16 Nov 2009
Ascott clinches contract to manage KL serviced residence
The Ascott Group, the serviced residential unit of CapitaLand, has secured a contract to manage a new premium serviced residence located in Kuala Lumpur.Ascott did not disclose the value of the contract, which was granted to a property developer under the Gapurna Group.The serviced residence,...
Continue Reading • 11 Nov 2009
Vincom to sell $150 million international bond
Vincom, a property developer in Vietnam, plans to generate up to $150 million profit through a first international bond released to fund property projects, reported Vietnam's state media yesterday.To underwrite the bonds, which would be listed on the Singapore stock exchange and sold in November,...
Continue Reading • 5 Nov 2009
Property sales in China may improve by the end of 2009
A year following China’s introduction of a powerful stimulus to motivate home buyers to take out mortgages in a distressed property market, property sales may get a boost from news that the government will take out some of those measures before the year ends.On the other hand, such...
Continue Reading • 4 Nov 2009
Australian Home Prices Increasing
In Australia, home prices increased by 3.7 percent in the three months up to September, based on a study done by the Australian Property Monitors (APM). In the study, the highest price increase was seen in Melbourne with a 6.1 percent rise in prices of average-sized homes. Adelaide and Sydney saw...
Continue Reading • 30 Oct 2009
Deyaar will develop projects by 2010
Deyaar DEYR.DU, a developer in Dubai, announced on Monday that it had removed 20 percent of its workforce. The company said it will organize co-investment funds for its expansion plans overseas and re-start the development of projects by 2010."2009 was a development holiday. In 2010 we have...
Continue Reading • 28 Oct 2009
Office space slump to worst condition
The biggest banks and security firms in New York may relinquish this year more than eight million square feet of office space, deepening the current slump on commercial properties in more than a decade.Citigroup, JPMorgan Chase and bankrupt Lehman Brothers Holdings as well as several industry...
Continue Reading • 27 Oct 2009
Hong Kong leads property lending amid bubble concern
The Central Bank of Hong Kong moved on Friday to limit mortgages amid the rising concern over a real estate bubble in the country. This initiative is intended to slow the surge in luxury property prices, which is driven by wealthy home buyers coming from mainland China.Cautioned of a possible...
Continue Reading • 26 Oct 2009
HK office rents decline by 26 percent
The prime office rents in Hong Kong may go down further by 26 percent this year as the worldwide financial crisis triggered investment companies and banks to control expenses, according to Colliers International.Yesterday, Colliers said in its report, “The prime office market is predicted...
Continue Reading • 22 Oct 2009
Protesters purchase land to foil runway
Yesterday, environmental campaigners launched a surprise front in the ignited row on a third landing strip for Heathrow airport by revealing that they had purchased land located in the centre of the runway spot and will not give up these lands.A Greenpeace-led union of environmentalists, showbiz...
Continue Reading • 21 Oct 2009
Habitat-Singapore builds houses for homeless
Habitat for Humanity, which started in the United States, helped build about 300,000 homes for some 1.5 million homeless people in more than 80 countries ever since 1976.Four years ago, the same organisation came into the shores of Singapore to spread the worldwide cause of giving shelter to the...
Continue Reading • 21 Oct 2009
Currencies Battle it out with US’
After Nasdaq slided down 6.5 percent on Wednesday night, Asian currencies battle it out as key stock indices of two major Asian cities – Seoul and Tokyo – dropped closely to 7 percent.The said dropout prompted Asian currencies such as the South Korean won and the Indonesian rupiah to...
Continue Reading • 21 Oct 2009
UK helps in home repossessions
British policymakers take possible steps to help nearly 75,000 owners who would face repossessions in the following year.The UK government proposed a one billion pound scheme to help home owners facing repossessions, primarily targeting those who have a less income and those unemployed. Depending...
Continue Reading • 20 Oct 2009
Singapore Top Asian Investor in Japan
Singapore extended its lead as Asia's biggest investor in Japan. For the first nine months this year, Singapore has pumped US$2.5 billion in direct investments into Japan.According to the Japan External Trade Organisation, there is about 86% of the total that the rest of Asia invested in Japan...
Continue Reading • 20 Oct 2009
Opportunity for Australian commercial property
The commercial property market in Australia presently offers worldwide investors with a medium-term possibility of relative stability and more attractive investment profits.Jones Lang LaSalle (JLL) has recently undertaken several investor briefings throughout Asian markets, as well as Singapore....
Continue Reading • 20 Oct 2009
PRD gets a high-end push
Guangzhou is a liveable city with economic activeness in its vicinity where China and top talents worldwide can set down roots. Knowledge City, a proposed project that is envisaged as a lively and environmentally friendly city, is expected to attract and improve talents, knowledge-based...
Continue Reading • 20 Oct 2009
Knowledge City’s MOU signed by Keppel
In the southern Chinese city of Guangzhou, Keppel Corp is planning to build a ‘knowledge city’, which will centre on pulling and maintaining various talents, said yesterday by Lim Chee Onn, Keppel Corp chairman.The ‘knowledge city’ will probably to be constructed on an...
Continue Reading • 20 Oct 2009