21.10.2008 - Asia-pacific property sales tumble in Quarter amid global slump

From Bloomberg: Commercial property sales in the Asia-Pacific region dropped 62 percent in the third quarter as the lending crisis spread, Real Capital Analytics Inc. said. Sales declined to $20.9 billion in the three months ended September from $55.5 billion a year earlier, said Dan Fasulo, head of research for the New York-based firm. Worldwide, property sales dropped 59 percent to $119.8 billion from $292.8 billion..... Full Article: Source

Print