Real Estate

Halifax sees house prices fall 2.4% in May

Angela Jameson Times Online 05.06.2008
Halifax sees house prices fall 2.4% in May

The Bank of England is expected to resist calls to lower interest rates today, despite fresh evidence from Halifax, Britain's biggest mortgage lender, that the downturn in the housing market is accelerating.

In wake of home crisis: buyer education

Nick Carey Reuters 04.06.2008
Prospective home buyer Richard Rodgers shows off a certificate he received for attending a home buyers' class, at the house he currently rents in suburban Memphis, Tennessee, in this April 28, 2008 picture.  REUTERS/Nick Carey

MEMPHIS (Reuters) - Concerned by foreclosures but keen to take advantage of sliding home prices, a growing number of prospective buyers in the United States are signing up for a different kind of class: home-buyer education.

Flat sale, purchase pacts down 7.4%

May saw 10,138 flat sale and purchase agreements received for registration, down 7.4% on April and 22.6% on a year earlier, the Land Registry says.

A branch of Bradford & Bingley bank in London. On Monday the bank slashed the price of its emergency fundraising to secure a private equity lifeline, after a sharp deterioration in April. (Simon Dawson/Bloomberg News)

LONDON: A leading British mortgage lender was forced Monday to seek emergency help from investors and cut the price of a planned share sale as more borrowers defaulted on mortgages, sowing fears that the global credit crisis was weighing heavily o...

In San Diego Homes Are Buy One, Get One Free

In San Diego you’ll get a second home for free with the purchase of another (more expensive home).

In the pursuit of luxury living

Chris Nelson IndUS Business Journal 31.05.2008
Shangri-La Hotels & Resorts launched its India business with the opening of the 322-room, 17-story Shangri-La hotel in New Delhi in 2005, above. Photo courtesy of Shangri-La

NEW DELHI – In his 1933 novel "Lost Horizon," British author James Hilton wrote about a monastery located in a mystical valley high in the mountains of Tibet. Though this monastery, which Hilton named "Shangri-La," is fictional, it has become syno...

Credit crunch sees global property prices tumbling

Martin Hickman The Independent 31.05.2008
Credit crunch sees global property prices tumbling

From Dublin to Tokyo, house prices have slumped in the past year as the credit crunch has restricted lending and stunted growth in the biggest economies, new figures have shown.

(Arno Gasteiger for The New York Times)

'Another world at the edge of the world" is how Peter Cooper likes to refer to his isolated beachhead on the remote northern coast of New Zealand.

Take stock of bricks and mortar

Renae Merle The Standard 29.05.2008
Take stock of bricks and mortar

Jason Gerbsman and his wife, Lauren, began thinking about buying a home just as the housing market in the United States began to slump two years ago. The couple, who were renting an apartment in Washington, DC, had saved a substantial amount for a...

Mother knows best on Kwok family fortunes

Katherine Ng The Standard 28.05.2008
Mother knows best on Kwok family fortunes

The Kwok family matriarch has taken command of Sun Hung Kai Properties (0016) after the companys board voted unanimously to remove Walter Kwok Ping-sheung as chairman in a bid to end the bitter family feud which has rocked the company.

Board member Marvin Cheung leaves Sun Hung Kai Centre. Photo: Reuters.

The chairman and chief executive of Sun Hung Kai Properties, Walter Kwok, has been voted out of office. But he will remain a non-executive director. The mother of the Kwok brothers will become the new chairman.

Henderson has 5-year 63b yuan mainland plan

Jeffrey Tam The Standard 27.05.2008
Henderson has 5-year 63b yuan mainland plan

Henderson Land Development (0012) will invest up to 63 billion yuan (HK$70.79 billion) over the next five years in China as a sign of its confidence in the outlook for mainland property development.

Happy days are over as storm clouds hit UK households

Millions of Britons are feeling the pinch in higher mortgage rates, energy and food costs, and the big question being asked from City dealing rooms to sitting rooms is whether the party is truly over.

Crunch time for Kwok

Stephanie Tong and Katherine Ng The Standard 27.05.2008
Crunch time for Kwok

Troubled Sun Hung Kai Properties (0016) chairman Walter Kwok Ping- sheung looks set to be removed as chairman of the company at a crunch board meeting today.

Mr Thaksin told Cambodia's Prime Minister Hun Sen of his plans for Koh Kong province, near the Thai border, during a meeting on Friday in the capital Phnom Penh. -- PHOTO: AP

PHNOM PENH - THAILAND'S ousted prime minister Thaksin Shinawatra is planning to build a 'modern city' in neighbouring Cambodia, replete with a financial district and port, an official said on Monday.

Feud puts spotlight on Hong Kong's family-run corporates

Sun Hung Kai Properties boardroom showdown set for Tuesday

World's Sexiest Penthouses 24.05.2008
World's Sexiest Penthouses

It's the makings of a scene from Pretty Woman—the ultimate penthouse suite. City views to swoon over, outrageous bedrooms, sunken tubs begging for bubbles, and of course a glamorous couple ordering up a bottle of 1982 Dom Perignon Rosé. But even w...

$230 MILLION: The most expensive home in the world

A MANSION in London is set to sell for £117million – making it the world’s costliest home. The palatial residence, on a street dubbed Billionaires’ Row, is believed to have been bought by Britain’s richest man, steel tycoon Lakshmi Mittal.

First 20 Celestial flats seek $600m

AlfredLiu The Standard 22.05.2008
First 20 Celestial flats seek $600m

Cheung Kong (Holdings) (0001) said yesterday it set the average selling price of its Ho Man Tin residential project, Celestial Heights, at HK$15,300 per square foot for the 20 units in the first batch which goes on sale today.

Silence on the home front

Kevin Wong The Standard 22.05.2008
Silence on the home front

Hong Kong secondary home sales fell last week as the start of offers by the new Palazzo development in Sha Tin sapped demand from buyers for used apartments.

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