Real Estate

India's richest man, moved to the world's first billion-dollar home in Mumbai

India's richest man has built the world's first billion-dollar home, a 27-story monolithic structure complete with three helipads, a health club, dance studio, ball room, 50-seat movie theater and underground parking lot for 160 cars.

Bernard Madoff's Palm Beach Home Under Contract

JESSICA SICK NBC Miami 15.10.2010
Bernard Madoff's Palm Beach Home Under Contract

One man's busted Ponzi scheme is another man's fortune. A California couple is under contract to purchase Bernie and Ruth Madoff's Palm Beach residence, according to the Palm Beach Daily News.


Israel unlikely champ in global real estate

AMY TEIBEL My Way News 15.10.2010
Israel unlikely champ in global real estate

Israel, despite perennial fears of war, has emerged as one of the hottest - and least likely - property markets in the world: Since real estate collapsed around the globe in 2008, at least one industry watchdog lists it as the fastest-rising prope...

HK office rents seen up in 2010, 2011-Savills

Hong Kong's office rents will likely rise by a quarter next year, with its key business district expecting to experience record rental prices in the second half, real estate services firm Savills (SVS.L) said on Thursday.


Hong Kong ceases property-for-residency scheme

GEORGINA JOSEPH TODAYonline 14.10.2010
Hong Kong ceases property-for-residency scheme

Residency will no longer be offered to foreigners who buy property in Hong Kong, as the city intensified efforts to cool home prices that have jumped almost 50 per cent from last year.

Mainlanders Buy 35.1% of New Hong Kong Luxury Homes, Morning Post Reports

Mainland Chinese purchased 35.1 percent of all new luxury apartments in Hong Kong during the first half, the South China Morning Post reported, citing Ricacorp Properties Ltd. Director Louis Ng.


Chinachem Group Pays HK$1.63 Billion for Land in Hong Kong Amid Protests

Kelvin Wong and Hanny Wan Bloomberg.com 13.10.2010
Chinachem Group Pays HK$1.63 Billion for Land in Hong Kong Amid Protests

Hong Kong’s government today sold a residential site for more than surveyors’ estimates, at an auction interrupted by protesters demanding the government make housing more affordable.

HK luxury property market rosy, say experts

Roland Lim Channel NewsAsia 13.10.2010
HK luxury property market rosy, say experts

The latest government land auction, a site in the Kowloon Tong district in Hong Kong, has fetched a higher-than-expected price at US$210 million.


Up to 40 US States to Launch Probes Into Foreclosure Mess

The attorneys general of up to 40 states plan to announce soon a joint investigation into banks' use of flawed foreclosure paperwork.

Sotheby's International Realty Announces Opening of Hong Kong Sotheby's International Realty

PARSIPPANY, NJ and HONG KONG - Sotheby's International Realty Affiliates LLC today announced the opening of Hong Kong Sotheby's International Realty, the newest member of its brand network.


Hong Kong office rents seen rising further in Q4-DTZ

Lee Chyen Yee, Joy Leung Reuters 06.10.2010
Hong Kong office rents seen rising further in Q4-DTZ

Hong Kong's office rents will likely rise another 5 percent in the fourth quarter as vacancies fall further, with companies expanding on an improving economy, global real estate services firm DTZ (DTZ.L) said on Tuesday.

Hong Kong firm buys Beverly Hills site for $148.3M

Hong Kong and Singapore investors said Tuesday they bought a Beverly Hills development site for $148.3 million in a private auction from Mexican telecommunications billionaire Carlos Slim's Banco Inbursa.


Cemetery scares off Hong Kong developers

Peter Brieger The Sydney Morning Herald 03.10.2010
Cemetery scares off Hong Kong developers

Hong Kong axed its first land auction in 16 years last week after property-mad developers were scared off by the site's location - next to a cemetery, considered a bad omen by Chinese buyers.

Hong Kong Builders May Offer Buyers Financing as City's Curbs Erode Sales

Hong Kong developers may offer property buyers secondary financing to counter government market-cooling efforts that have cut transactions by about a third, the city’s two biggest real-estate brokers said.


Hong Kong Home Prices Will Rise 12% Next Year, China 5%, Knight Frank Says

The recovery in global residential property prices will slow in 2011 as a result of weaker economic growth and concern about debt levels, Knight Frank LLP said.

Hong Kong Housing Risks May Exceed `97 on Rising Rates, HKMA's Chan Says

Kelvin Wong and Sophie Leung Bloomberg.com 14.09.2010
Hong Kong Housing Risks May Exceed `97 on Rising Rates, HKMA's Chan Says

Risks in Hong Kong’s property market may exceed those in 1997 if falling prices coincide with rising interest rates, Hong Kong Monetary Authority Chief Executive Norman Chan said.


Hong Kong Home Prices Rise to Highest Since '97, Centaline Says

Hong Kong home prices rose to the highest since December 1997, raising concerns government measures to cool the market are not working.

Hong Kong's big developers hoarding land

Byron Perry Asia Property Report 07.09.2010
Hong Kong's big developers hoarding land

The prevailing notion regarding the cause of Hong Kong’s stratospheric property prices is simple: Prices are high because land is in short supply. But the South China Morning Post has reported that six major Hong Kong developers – Cheung Kong Hold...


Profits up for Hong Kong developers

The Sydney Morning Herald 28.08.2010
Profits up for Hong Kong developers

KERRY Properties, the Hong Kong-based builder controlled by the family of Malaysian tycoon Robert Kuok, said first-half underlying profit rose 84 per cent after the developer booked more apartment sales in Hong Kong.

Hong Kong Home Prices Will Keep Rising in Defiance of Measures, UBS Says

Hong Kong home prices will extend gains as long as interest rates stay low and the economy expands, defying new government measures to prevent a potential bubble, according to UBS AG.



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