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U.S. builder confidence continues to improve in December

Posted on 19 December 2012 by Laxman  |  Email |Print

According to National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today, builder confidence in the market for newly built, single-family homes rose for an eighth consecutive month in December to a level of 47. This marked a two-point gain from a slightly revised November reading, and the highest level the index has attained since April of 2006.
“Builders across the country are reporting some of the best sales conditions they’ve seen in more than five years, with more serious buyers coming forward and a shrinking number of vacant and foreclosed properties on the market,” observed NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla………………………………………..Full Article: Source

UK commercial property development on the rise

Posted on 14 December 2012 by Laxman  |  Email |Print

UK commercial property development activity increased for the third month in a row during November, with refurbishment activity rising to its highest level in 28 months, according to a new report.
Estate agent Savills’ monthly UK Commercial Development Activity Report, which analyses the activity and intentions of more than 200 commercial property developers, finds that developer’s confidence about the future remained positive in November, with respondents citing better market conditions and expectations of an easing in credit conditions as reasons for optimism………………………………………..Full Article: Source

Shanghai sells year’s most expensive land as market recovers

Posted on 14 December 2012 by Laxman  |  Email |Print

Shanghai sold a downtown commercial plot of land at the highest price this year as a recovery in sales boosted developers’ expectations for a market rebound even as the government maintained property curbs.
The 107,500-square-meter (1.2 million-square-foot) site near Shanghai South Railway station was sold yesterday for 5.4 billion yuan ($864 million), according to the local land reserve center. A group of four companies, led by China Vanke Co., the country’s biggest developer, and Shanghai Greenland Group Co., which is building China’s second-tallest tower, bought the site, said property broker Century 21 China Real Estate………………………………………..Full Article: Source

India’s real estate developers predict new construction boom

Posted on 12 December 2012 by Laxman  |  Email |Print

The sight of a construction crane looming on the horizon has become ubiquitous in most large cities across India – and may become even more so in the near future. The introduction of large foreign retailers like Wal-Mart into the country is eagerly awaited by many industrialists, particularly in the real estate sector, where builders and developers hope to benefit from an increased demand for retail spaces.
Commercial real estate prices in India have already risen sharply in big cities in recent years, and there is a dearth of quality retail spaces available for rent, so analysts expect a boom in construction if foreign multibrand retailers enter the market………………………………………..Full Article: Source

Riyadh property market set for growth

Posted on 10 December 2012 by Laxman  |  Email |Print

The real estate market in Saudi capital Riyadh is currently being driven by a number of master-developed projects mainly in retail market which will increase the volume of stock in the marketplace significantly, said a report.
Saudi Arabia’s economy remains robust as a result of sustained high oil revenues and continued government spending on infrastructure, healthcare and education projects in a bid to diversify the economy away from the petrochemical sector, said……………………………………….Full Article: Source

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China developers chase rich buyers abroad amid curbs at home

Posted on 07 December 2012 by Laxman  |  Email |Print

Chinese developers are starting to venture overseas, chasing wealthy locals who are buying apartments from New York to Sydney as the government restrains the property market at home.
Xinyuan Real Estate Co. in September took control of a lot slated for more than 200 units of housing near New York’s Brooklyn waterfront for $54.2 million, a deal the Beijing-based company said is the first of its kind by a Chinese firm in the U.S. Country Garden Holdings Co., the developer controlled by China’s richest woman, said this week it will buy waterfront land in Malaysia………………………………………..Full Article: Source

China property developers’ sales rise in November

Posted on 06 December 2012 by Laxman  |  Email |Print

Several big Chinese property developers have reported stronger sales for November, in a fresh sign that the sector is on the mend even as Beijing vows to keep a firm grip on the market. Analysts said that demand remains fairly strong and many developers are scrapping or cutting back on special discounts rolled out when the housing market was struggling late last year.
China’s housing prices have remained largely unchanged since the beginning of the year, though the sales have been creeping up since June, aided by government policies that favor first-time home buyers and improve access to funding for developers………………………………………..Full Article: Source

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Ukraine: Shortage of ready business and prime class houses emerging on Kyiv’s country real estate market

Posted on 05 December 2012 by Laxman  |  Email |Print

In conditions of expensive borrowing and a lack of their own funds developers have to postpone the realization of new house projects for an indefinite term, and a shortage of ready business and prime class houses is emerging on the market, the business development director at Knight Frank Kyiv, Yaroslava Chapko, has said.
According to a survey of the country real estate market of Kyiv for the third quarter of 2012 drawn up by Knight Frank Kyiv, as of September 2012, houses in 73 housing estates were available for purchase, and the share of economy class houses is over 65% of total supply, while the share of the prime segment is only 5%………………………………………..Full Article: Source

China’s largest property developer Vanke says sales double in November

Posted on 05 December 2012 by Laxman  |  Email |Print

China Vanke Co Ltd, the country’s largest real estate developer by turnover, more than doubled sales in November from a year earlier to 17.13 billion yuan ($2.75 billion). For the first 11 months, sales rose 9.9 percent to 127.2 billion yuan, it said in a statement to the Shenzhen stock exchange on Tuesday.
Vanke’s strong showing comes on the back of 12 new projects. It said earlier this year that it planned to roll out more new housing projects in the second half of the year especially in the fourth quarter………………………………………..Full Article: Source

US builders boost spending in October by largest amount in 5 months, led by housing

Posted on 04 December 2012 by Laxman  |  Email |Print

U.S. builders increased their spending on construction projects in October by the largest amount in five months, led by a surge in housing. The Commerce Department said Monday that construction spending rose 1.4 percent in October. It was the largest gain since a 1.7 percent increase in May.
The increase raised spending to a seasonally adjusted annual rate of $872.1 billion. That is nearly 17 percent higher than a 12-year low hit in February 2011………………………………………..Full Article: Source

Singapore’s rising prices may become vicious cycle

Posted on 04 December 2012 by Laxman  |  Email |Print

Property developers in Singapore expect land prices for private homes to continue to increase adding to other problems including increasing development costs and rising unsold units.
Private homes in Singapore can no longer be called “mass market” developments and developers have no choice but to participate in the highly competitive land bids, Wong Heang Fine, the president of the Real Estate Developers’ Association of Singapore (REDAS), said………………………………………..Full Article: Source

Property developers still keen on Vietnam

Posted on 03 December 2012 by Laxman  |  Email |Print

Property developers from Japan, Malaysia and Singapore still eye Vietnam’s real estate market with interest, despite global difficulties and the whirlwind of disinvestment in many FDI projects, as they still believe a recovery is imminent.
With the property market decidedly cold, Becamex Tokyu Co Ltd earlier this month broke ground at the site of the Sora Gardens 1 apartments, the first project of the joint venture’s Tokyu Binh Duong Garden City………………………………………..Full Article: Source

Realistic plans ‘key to Dubai property market’

Posted on 30 November 2012 by Laxman  |  Email |Print

The key to the success of individual real estate projects in Dubai and the future performance of the overall market will be the adoption of a realistic phasing strategy in line with market demand, said an expert.
“We are definitely seeing a return in confidence to the Dubai real estate market,” said Alan Robertson, CEO of Jones Lang LaSalle Mena, a global real estate services firm……………………………………….Full Article: Source

Developers hand back Melbourne housing lots as buyers and builders dry up

Posted on 30 November 2012 by Laxman  |  Email |Print

Nearly a third of residential lots released by big land estate developers on Melbourne’s fringes are being returned by mid-sized home building companies, who can’t find smaller home builders and or end-use homebuyers.
The statistic has been uncovered as part of The National Land Survey Program carried out by jointly by Research Four and property consultants Charter Keck Cramer. According to the Melbourne chapter research of the National Land Survey Program, 30% of new land activities for the September quarter were cancellations………………………………………..Full Article: Source

Saudi real estate auctions on the rise

Posted on 29 November 2012 by Laxman  |  Email |Print

Saudi Arabia is witnessing significant activity in real estate auction mainly in the Eastern region, where development plots sold in auction netted about SR3 billion ($800 million) during the last five months, up 20 per cent over last year, said an expert.
The Eastern Province and Riyadh are expected to unlock more lucrative prospects in the Saudi real estate market in 2013, given the rapid population growth and increasing number of businesses that are in continuous search of full-service projects to provide housing for their employees, remarked Omar Al-Kadi, the CEO and managing director of Injaz Development Company………………………………………..Full Article: Source

Polish developers upgrading 2.75 bln square feet of older shopping center space

Posted on 28 November 2012 by Laxman  |  Email |Print

Unable or not willing to compete with newer, glitzier malls, many developers in Poland are reinvigorating and upgrading older shopping centers located in prime foot traffic locations. That’s what the biggest real estate players in the world heard at the recent annual MAPIC exhibition and conference in Cannes, France.
Warsaw Business Journal reports that according to a third-quarter 2012 analysis by Jones Lang LaSalle, about one-third of the existing shopping centers in Poland, totaling about 2.5 million square meters (about 2.75 billion square feet) of retail space, are currently being upgraded. (One square meter equals 10.76 square feet.)……………………………………….Full Article: Source

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India: Residential real estate - From concept to construction

Posted on 28 November 2012 by Laxman  |  Email |Print

Residential project development begins as a concept, when the builder evaluates the market and decide on a suitable location based on historic and projected demand for housing in that area. The location should either have more demand than supply or there should be a lot of infrastructure coming up there.
Experience plays a big role at this stage - developers with insufficient experience tend to misjudge an area’s potential and suffer resulting losses……………………………………….Full Article: Source

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Saudi real estate auctions to drive demand for full-service urban development projects

Posted on 27 November 2012 by Laxman  |  Email |Print

Saudi Arabia is seeing significant activity in real estate auction in a bid to attract more real estate developers, land dealers and investors as recent industry reports reveal positive market indicators underlining the increasing demand for full-service urban development projects in different Saudi cities.
The Eastern Province and Riyadh are expected to unlock more lucrative prospects in the Saudi real estate market in 2013, given the rapid population growth and increasing number of businesses that are in continuous search of full-service projects to provide housing for their employees………………………………………..Full Article: Source

India: Are warranties offered by property developers worth the premium?

Posted on 27 November 2012 by Laxman  |  Email |Print

Many of the top property developers in metro cities like Mumbai and Delhi have come out with a new marketing strategy to lure potential buyers. They are offering warranties on the houses they sell, similar to those offered by manufacturers of electronic appliances like TVs and refrigerators.
The warranty period ranges from 1-3 years on all electronic appliances in a fully-furnished apartment, to as high as 10 years for waterproofing of flats………………………………………..Full Article: Source

Chinese builders look to foreign shores

Posted on 26 November 2012 by Laxman  |  Email |Print

The cooling property market in China is likely to attract more of its construction firms to the UAE. Experts are warning that the appointment of the new Chinese premier Xi Jinping is unlikely to mean any significant loosening of the rules restricting property development in the country as China continues to focus on long-term economic reform.
During the past two years, China’s government has implemented a series of strict measures aimed at curbing rocketing home prices that, in 2009, rose in the country’s main cities by as much as 50 per cent. These include restricting mortgage finance and reducing developers’ access to debt………………………………………..Full Article: Source

Why home builders have been perking up

Posted on 22 November 2012 by Laxman  |  Email |Print

Sentiment, not to mention stock prices, of home builders are perking up, and they have good reason. The inventory of existing homes is at a 10-year low, according to data released Monday by the National Association of Realtors. At the current sales rate, inventories represent a 5.4-month supply, the leanest supply since 2006.
“Builders are reporting increasing demand for new homes as inventories of foreclosed and distressed properties begin to shrink in markets across the country,” said Barry Rutenberg, a Gainesville, Fla.-based home builder and chairman of the National Association of Home Builders……………………………………….Full Article: Source

China property firms increase land holdings

Posted on 22 November 2012 by Laxman  |  Email |Print

At a time when local governments are eager to boost revenues, China’s major property developers have accelerated their land purchases amidst a cautious recovery in the real estate market.
The country’s top real estate firms led by China Vanke Co. Ltd. have taken advantage of low land prices and have broaden their land banks with about $1.34 billion (8.87 billion yuan) in first- and second-tier cities at the onset of the fourth quarter, official data from local governments showed………………………………………..Full Article: Source

10 hottest property markets in the world

Posted on 21 November 2012 by Laxman  |  Email |Print

With the seismic shifts taking place in economies, power structures and societies around the world, a very different economic landscape is developing in which the rise of the emerging economies looks set to be a permanent feature. But what does this mean for the world’s global cities? Traditionally the likes of London and New York have reigned supreme, but will they be able to maintain their dominance in the face of growing competition?
Research by Knight Frank suggests that, for now at least, their position looks safe. Let’s take a look at some of the hottest property markets in the world, according to a recent report by Knight Frank………………………………………..Full Article: Source

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Inventory may hold back prices of mainland real estate

Posted on 21 November 2012 by Laxman  |  Email |Print

Increased property sales, stabilising home prices, and aggressive land purchases by major developers all point to a positive outlook for the mainland real estate market, say property analysts.
But beneath the surface, they warn, lurks a hidden worry - sizeable inventories - which could emerge to derail improving sentiment next year. According to a report from Nomura Equity Research released on Monday, month-to-date aggregate property sales were up 108 per cent year on year in 10 major mainland cities tracked, including Beijing, Shanghai, Guangzhou and Shenzhen……………………………………….Full Article: Source

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India: Real estate market still sluggish

Posted on 19 November 2012 by Laxman  |  Email |Print

The festive season has not lifted the spirits of the property market in India. Despite aggressive marketing and great offers made by developers during Diwali eve, investment in properties have remained lukewarm due to high prices of houses in and around Delhi and the national capital region (NCR) region.
Major factors cited have been high prices of land and the unprecedented rise in the cost of construction materials, iron, cement and labour, says the Associated Chambers of Commerce and Industry (ASSOCHAM) in a recent report………………………………………..Full Article: Source

Building a better Singapore

Posted on 19 November 2012 by Laxman  |  Email |Print

While many Singapore property developers focus on building a part of their portfolio outside the country, Overseas Union Enterprise Ltd, remains “Singapore-centric”.
Incorporated in 1964, OUE has developed and managed landmark properties in prime locations throughout Singapore, and is today setting its sights on becoming an industry leader in Singapore’s highly competitive commercial, hospitality, retail and residential property sectors………………………………………..Full Article: Source

Investment recovering in Arab Spring economies

Posted on 16 November 2012 by Laxman  |  Email |Print

When two real estate developers from the United Arab Emirates announced a big project in Egypt last month, it was more than a boost to the country’s property market; it was a sign of a revival of cross-border investment in the region.
Al-Futtaim Group and Emaar Properties said they had reached a preliminary agreement to spend about 5 billion Egyptian pounds ($820 million) on building the “Cairo Gate” complex off the Cairo-Alexandria desert highway. The 65-hectare complex would be built around a shopping mall and include an office park, a luxury hotel, schools, medical facilities and residential space………………………………………..Full Article: Source

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Developers still bullish on Philippines property

Posted on 15 November 2012 by Laxman  |  Email |Print

Philippine property developers remain bullish thanks to robust economic growth and housing and potential hotel demand.
There is stiff competition in the middle residential market, but demand from the high- and low-end segments remain healthy as does that for office space, according to Ayala Land Inc. President Antonino Aquino. “The fundamentals are strong. There could be some short-term adjustments….in the middle market where everybody is,” he said……………………………………….Full Article: Source

Baghdad builds 5,200 residential units for USD348m

Posted on 14 November 2012 by Laxman  |  Email |Print

Baghdad has commenced the construction of 5,200 residential units, a project expected to take between 10 and 24 months, in five localities at a cost of USD 348 million, an official told Zawya.
The project involves building 1,000 residential units in Taji, in the north of Baghdad, 1,000 in Mahmoudiyah, southern Baghdad, and 1,600 each in the Nasr and Salam localities of the Iraqi capital, according to Kamel Al Saedi, technical deputy to the governor of Baghdad………………………………………..Full Article: Source

HK: Land prices show no sign of abating

Posted on 12 November 2012 by Laxman  |  Email |Print

As development minister, Paul Chan Mo-po can’t possibly escape public attention in a society so obsessed with the property market. Therefore, his mind-boggling, double-negative comment at Friday’s Legislative Council meeting - saying it is not an absolute rule that sites on the application list cannot be used for public housing - immediately sparked concerns that private supply may fall short if land intended for the latter is also made available for the former.
Chan sought to play down the remarks yesterday, blaming questions by lawmakers. But will his clarification clear the air entirely about the government’s intentions?……………………………………….Full Article: Source

China: Property developers turn to HK for IPO

Posted on 08 November 2012 by Laxman  |  Email |Print

Tight regulation on mainland force firms to look elsewhere for capital. Mainland developers raised more than 10 billion yuan ($1.6 billion) in the overseas market in October and at least five of them are seeking to use initial public offerings to raise more than $2 billion and be listed on the Hong Kong Stock Exchange by the end of 2012.
The China Securities Regulatory Commission, as part of the government’s effort to cool the overheated property market, has not approved a property developer’s plan for a listing on the Chinese mainland’s A-share market since 2007………………………………………..Full Article: Source

Australia: Depressed markets on developer’s wish list

Posted on 08 November 2012 by Laxman  |  Email |Print

Residential developer Cedar Woods is planning to expand for the first time beyond its traditional West Australian and Victorian markets into Queensland, where it is looking for land acquisitions.
Managing director Paul Sadleir said the Perth-based company wanted to buy developments in the depressed southeast Queensland housing market from developers who had fallen on hard times. “Queensland has probably suffered the most and has the most for sale,” he said………………………………………..Full Article: Source

VietNam: Foreign firms also bog down in real estate projects

Posted on 06 November 2012 by Laxman  |  Email |Print

Experienced and financially powerful, foreign investors have also suffered from the real estate crisis in Vietnam. A lot of foreign invested real estate projects were registered with huge capital, but they have been left “immovable” since the day of licensing.
Ha Long Star in Quang Ninh province, Da Phuoc urban area and Jade Center in Da Nang City or Byooyoung international residential quarter in Hanoi, has the registered capital of between 170 million and 500 million dollars………………………………………..Full Article: Source

Plans to build Europe’s tallest towers in Paris make headway

Posted on 05 November 2012 by Laxman  |  Email |Print

Despite resistance from local groups in Paris’ La Defence district, it looks as though a 2.2 billion euro project to develop what would be Europe’s tallest buildings – eclipsing even London’s controversial ‘Shard’ tower – may be making headway.
For Paris, a city whose priciest apartments boast mansard roofs and wrought-iron balconies, it’s an audacious bet: a pair of shimmering, largely residential, luxury towers that might look more at home in Dubai or Shanghai………………………………………..Full Article: Source

Singapore: Real estate survey shows sentiment of developers improving

Posted on 02 November 2012 by Laxman  |  Email |Print

Property developers sentiment showed moderate improvement in the third quarter compared to the previous quarter. This is according to the REDAS-NUS Real Estate Sentiment Index (RESI) Survey for the third quarter of this year.
The Composite Sentiment Index, the indicator for overall real estate market sentiment in Singapore, stood at 4.9 in Q3 compared to 4.7 in Q2. The current sentiment index stood at 5.1 in Q3, up from 4.9 in Q2 while Future Sentiment Index improved slightly to 4.7 from 4.5 over the same period………………………………………..Full Article: Source

Property market sentiment up again, developers remain cautious

Posted on 02 November 2012 by Laxman  |  Email |Print

Property market sentiment improved again slightly in the third quarter, although developers remain cautious over possible macro and policy risks that could destabilise the market.
The real estate composite sentiment index for July to September inched up to 4.9, from 4.7 in the second quarter. It is compiled by the Real Estate Developers’ Association of Singapore (Redas) and the National University of Singapore (NUS)………………………………………..Full Article: Source

China: Developers’ profit improving

Posted on 01 November 2012 by Laxman  |  Email |Print

Beijing has been working for more than two years to cool red-hot property prices but the campaign may now be adding to stress on the cooling economy and could offset the impact of any fresh policy easing.
Investment in the property sector accounted for 14.4 percent of China’s gross domestic product in the first nine months of 2012. Here is a look at the latest news, numbers and more from China’s real estate market………………………………………..Full Article: Source

Shanghai, Beijing lure back investors, 2nd-tier cities sour

Posted on 31 October 2012 by Laxman  |  Email |Print

Real estate investors and developers are abandoning a two-year foray into China’s provincial cities and switching back to Shanghai and Beijing, where offices are fuller, rents are higher and home prices are stabilizing.
Of the $34 billion of direct investment in commercial real estate in 2010 and 2011 combined, 20 percent went to China’s 50 biggest second-tier cities, according to Jones Lang LaSalle Inc., up from 5 percent in the prior two years. That percentage is now set to decline, according to Michael Klibaner, China head of research for the world’s second-biggest commercial realtor………………………………………..Full Article: Source

Home builders need mortgage bankers to keep recovery alive

Posted on 25 October 2012 by Laxman  |  Email |Print

A jump in signed contracts to buy newly built homes in September brought volumes to the highest level since April of 2010, when the home buyer tax credit temporarily infused the housing market.
The median price of a newly built home also rose nearly 12 percent from a year ago, as builders gained pricing power thanks to lessening competition from distressed properties. Is it enough to put a period on the statement that housing is in full recovery? Perhaps, but not an exclamation point………………………………………..Full Article: Source

Cairo property market shows signs of recovery

Posted on 25 October 2012 by Laxman  |  Email |Print

Egypt resolves disputes with UAE developers l Emaar/Al-Futtaim JV to develop $819m Cairo Gate l Emaar launches mainstay of $2.1bn Cairo scheme.
Cairo’s property market is beginning to stabilise after a turbulent period following the Arab Spring, according to new research from Jones Lang LaSalle (JLL)………………………………………..Full Article: Source

India: Real estate looks at double-digit cheer

Posted on 24 October 2012 by Laxman  |  Email |Print

The real estate market in Pune has been stable for the last couple of months and is expected to grow by 12-15 per cent during Dussehra and Diwali, according to industry experts.
Private property developers and real estate body Confederation of Real Estate Developers Association of India (CREDAI) are of the view that the market will only improve in the coming days and report double digit growth………………………………………..Full Article: Source

VietNam: Property market freezing, developers shoot the moon

Posted on 23 October 2012 by Laxman  |  Email |Print

Not only small real estate developers, but the big guys have also got involved in troubles, when they cannot implement their projects and pay buyers money back. The Hanoi Police has recently searched the head office of the Hong Ha Building Material Import – Export Company to clarify the denouncement of “betraying trust, appropriating others’ assets.”
Though the company’s project on developing a residential quarter for the ancient streets’ dwellers to move to and settle down was not approved by the competent agencies, the company still put its projected apartments on sale. To date, the company has received 200 billion dong from buyers paid for the apartments on paper………………………………………..Full Article: Source

Cyprus: Developers oppose new property tax

Posted on 22 October 2012 by Laxman  |  Email |Print

Developers expressed their opposition to a proposed tax on large houses, currently being considered by the government as part the island’s bailout adjustment programme. The developers said Cyprus could raise property taxes at a time when it was trying hard to attract foreign investors.
In a written statement, the developers association considers “especially unfair” a proposal to introduce a tax on homes larger than 300 square metres. The state can increase its revenues by taxing the thousands of properties, which are not even on file………………………………………..Full Article: Source

India: Realtors hope to draw buyers on price dips…

Posted on 19 October 2012 by Laxman  |  Email |Print

Real-estate developers sitting on unsold housing units expect a price correction to happen soon. To encourage purchase, many are wooing buyers with freebies such as LCD television, laptops and gold coins this festival season.
Big-ticket purchases usually begin during Navratri. October-December is the peak time for realty companies, with 30 per cent home sales happening during this period………………………………………..Full Article: Source

Singapore: Greater exposure for developers

Posted on 19 October 2012 by Laxman  |  Email |Print

Judging by the packed crowds at various property exhibitions and expositions held nationwide, interest in property is as strong as ever despite the slower growth in property transactions this year.
Property expos in the country serve as a conduit between property developers and purchasers, providing property information and enabling them to engage with each other………………………………………..Full Article: Source

Canada: Developers decry high commercial property taxes

Posted on 16 October 2012 by Laxman  |  Email |Print

Homeowners are paying an increasing proportion of property taxes in Vancouver and Toronto – but not in Montreal, where businesses are increasingly picking up the tab.
That’s the finding of a report to be released Monday by the Real Property Association of Canada, which represents large commercial real estate developers, including real estate investment trusts (REITs), banks and pension funds. The industry argues that business is shouldering too much of the property-tax burden, decreasing the ability of cities to attract companies and jobs………………………………………..Full Article: Source

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Moscow: Retail developers begin to ride regional wave

Posted on 16 October 2012 by Laxman  |  Email |Print

Moscow-based retail property developers are showing more interest in building shopping malls in regional capitals as well as next-tier cities with populations of less than 1 million. That is in stark contrast to attitudes of just a few years ago, when investors listened to proposals to build in not-so-distant cities like Kaluga and Yaroslavl with skepticism.
“Is there life beyond the Moscow Ring Road?” they would ask, said Aleksander Obukhovsky, director for business development at Knight Frank real estate agency………………………………………..Full Article: Source

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Singapore: Significantly more housing units to be completed in 2014

Posted on 16 October 2012 by Laxman  |  Email |Print

26,800 Housing and Development Board (HDB) flats and 22,400 non-landed private housing units are projected to be completed in 2014. The numbers are significantly higher than those projected for this year — 11,300 HDB flats and 12,500 non-landed private housing units are expected to be completed in 2012.
The National Development Ministry revealed these figures in a written response to questions posed by Pasir Ris-Punggol Group Representation Constitutency (GRC) Member of Parliament (MP) Gan Thiam Poh in Parliament on Monday………………………………………..Full Article: Source

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Taiwan: New developments, high liquidity could boost home market

Posted on 08 October 2012 by Laxman  |  Email |Print

The property market will likely get a boost next quarter from the launch of several new developments and the high level of liquidity in the market, a real estate broker said on Saturday.
After the US Federal Reserve started a third round of quantitative easing (QE3) in the middle of last month, putting upward pressure on consumer prices, investors have tended to move their funds to property assets in a bid to counter rising inflation, Sinyi Realty Inc said………………………………………..Full Article: Source

Property market peak season see weak sales

Posted on 04 October 2012 by Laxman  |  Email |Print

September and October are as important to China’s property developers as Christmas is for retailers in the West. Potential homebuyers are more likely to buy during these months, commonly known in China as “Golden September and Silver October”.
The sales campaign is fierce: Newspapers are full of ads for new property projects; brochures are frequently being handed out to passengers on the subway; and the story of how developers raced to launch newly built projects earlier this month have become the common fare of radio programs. Meanwhile, public data show that the sales battle has intensified………………………………………..Full Article: Source

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