Real Estate

At the luxury end, home prices are falling

Peter Y. Hong Los Angeles Times 20.05.2008
Real estate agent Michael Libow is handling the listing of this mansion in the Beverly Hills 90210 ZIP Code. The asking price, which was $12 million more than a year ago, was cut in March to just below $10 million -- "a psychological break point," Libow says.

The region's most exclusive neighborhoods suffered big drops in April, data show. Median sale prices fell 13% in Beverly Hills, 34% in one area of Newport Beach.

Central China Real Estate to raise up to 1.9 bln hkd in Hong Kong IPO

HONG KONG (XFN-ASIA) - Central China Real Estate Ltd (832.HK), a Henan-based property developer, will offer 500 mln shares at 2.75-3.8 hkd each in an initial public offering (IPO) in Hong Kong, according to a market source.


The skyline of Bangkok

CHA-AM, Thailand (AFP) — While other Asian metropolises such as Singapore, Kuala Lumpur, Hong Kong and Beijing all boast cutting-edge new buildings recognisable around the world, one would be pushed to name a famous modern building in Bangkok.

HK drive for a green frontier

Bonnie Chen The Standard 13.05.2008
HK drive for a green frontier

The government plans to use the frontier closed area for ecological and heritage tourism and hobby farming.


American map of misery

The Economist 12.05.2008
Image: businessday.com.au

SOUNDING more like a cartographer than a central banker, Ben Bernanke this week showed off the Federal Reserve's latest gizmo for tracking America's property bust: a series of maps that colour-code price declines, foreclosures and other gauges of ...

Carrie Lam to visit UK

news.gov.hk 10.05.2008
Carrie Lam to visit UK

Secretary for Development Carrie Lam will visit the UK May 11 to 14 to learn about heritage conservation and urban regeneration work in the country.


China eyes overseas land in food push

Jamil Anderlini Financial Times 09.05.2008
China eyes overseas land in food push

Chinese companies will be encouraged to buy farmland abroad, particularly in Africa and South America, to help guarantee food security under a plan being considered by Beijing.

Philippines real estate firm enters in Hyderabad Real Estate

Ayala Corporation of Philippines and its affiliate, Arch Capital Management, plan to invest $100 million in the Indian property market in the next two years.


Hong Kong 2 consents for 1,403 flats issued

Hong Kong - The Lands Department issued two consents for residential units and one for a commercial development in April.

World's most expensive private property in India

Mukesh Ambani, the world's fifth richest man with a net worth of $43 billion, has set a new record - owning a home worth a whopping $2 billion.


SME subprime seminar to be held

news.gov.hk 07.05.2008
SME subprime seminar to be held

The Trade & Industry Department's Support & Consultation Centre for SMEs will hold a free seminar on May 15 on the US sub-prime mortgage problem.

16 eye URA stadium project

Alfred Liu The Standard 06.05.2008
16 eye URA stadium project

The Urban Renewal Authority has received 16 expressions of interest in the Macpherson Indoor Stadium development project in Mong Kok.


Taiwan Real Estate Heats Up

Jonathan Cheng The Wall Street Journal 05.05.2008
Taiwan Real Estate Heats Up

Nationalists to Open Market to Mainland Investors

Nakheel's Veneto stage one launch is a sell out

Nakheel, a Dubai World company and one of the world's largest and most innovative real estate developers, announced that stage one of its exclusive residential community Veneto, comprising of 716 units, has sold out within five days of its launch.


London is the most expensive rental market, topped only by Hong Kong

London's luxury rental market, already strong and becoming stronger, is getting a further boost from an unexpected source: the U.S. credit crunch.

Mammut begins work on Waterfront project

Dubai-based Mammut Group today announced that work had started on a Dh500 million construction contract awarded by master planners Nakheel for one phase of Waterfront – the largest planned urban development in the world.


Estate agent rejects £200m for his home

Peter Conradi and Dipesh Gadher Times Online 04.05.2008
Estate agent rejects £200m for his home

THE estate agent who made £370m when he sold Foxtons at the height of the property boom has turned down an offer of close to £200m for his home from Britain’s richest family.

Rezoning urged to aid project at Goodwill site

By Bob Young Seattle Times staff reporter The Seattle Times 02.05.2008
Rezoning urged to aid project at Goodwill site

Seattle's planning department has recommended a zoning change that would help convert the 10-acre Goodwill Industries site on South Dearborn Street into a large shopping center and 565 apartments and condos.


Highlights of Hong Kong Fashion Week for Spring/Summer 2008

The global spotlight is once again on Hong Kong with the opening of Hong Kong Fashion Week for Spring/Summer 2008. The show has attracted a record 1,147 exhibitors from 19 countries and regions. Let's watch the highlights!

Microsoft leases Bellevue office tower

Eric Pryne Seattle Times 01.05.2008
Microsoft leases Bellevue office tower

Microsoft will lease all of the office space in another downtown Bellevue tower.



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