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Office rents in Asia on the rise
Major Indian office markets continue to see growth in leasing activity but rentals are largely unchanged or show only incremental growth, a survey finds Asia’s leading commercial centres recorded impressive growth in demand of office space in the second quarter of 2010 as the steady regional economic recovery encouraged multinational companies to reactivate expansion plans suspended [...]
Continue reading...Global Commercial Real Estate to Touch $300-bn Mark
27. August 2010
Reflecting improved investor confidence, investment in commercial real estate globally is expected to witness a “healthy” growth of 40-50 per cent to $300 billion in the current year, says a report. According to the report by global real estate services firm Jones Lang LaSalle, the first half of 2010 saw investment worth $130 billion in [...]
Continue reading...Real estate in Asia-Pacific region on path of recovery
20. August 2010
he Asia-Pacific region continues to move in a forward motion as far as real estate is concerned and the trend is going to continue, according to the recent survey conducted by some topranking companies. The Global Market Perspective report released by Jones Lang LaSalle says that the region was quickest to recover and the outlook seems [...]
Continue reading...Property Market in Developing Economies Outperform Europe, UK and US
29. July 2010
Property markets in the more dynamic economies of South America, Asia and Eastern Europe are outperforming those in the United Kingdom and Eurozone, according to the RICS Global Commercial Property Survey for the second quarter. The Survey suggests that real estate performance in the United States has shown a marked improvement while in Latin America [...]
Continue reading...Realty firm RAK plans mega project in UAE
22. July 2010
Ras-Al-Khaimah (RAK), a public joint stock firm and realty developer, plans to come up with 1,000 villas and town houses in United Arab Emirates (UAE). Talking to media persons here on Wednesday L K Varma, Managing Director of Orange Real Estate, partner in the multi- billion project, and Ralph Chkaibane, Director of Sales RAK Properties, said [...]
Continue reading...China realty crackdown bites but investors bullish
14. July 2010
sian shares surrendered early gains on Tuesday, weighed down by Chinese stocks, which slid on reports that Beijing will not relax tougher property measures any time soon. China’s banking regulator left few doubts that efforts to rein in real estate speculation will remain in place despite media reports of easing restrictions in some cities. That helped [...]
Continue reading...MHADA to build 10,000 low-cost homes in Shri Lanka
8. July 2010
Those of you looking to buy a flat with in Mumbai city limits may now be able to afford one.The state’s decision to involvethe Maharashtra HousingandAreaDevelopment Authority(Mhada) in housing projects in the Coasta RegulationZone(CRZ)areas is expected to yield around one lakh affordable homes in the city And forthose looking for smaller-budget homes in Nav Mumbai,the [...]
Continue reading...India ranked 13th in housing sector price rise list; China tops
29. June 2010
Buoyed by the recovery in the global housing market, India ranked 13th across the globe in terms of price rise in the residential sector for the year ending March, said property consultancy firm Knight Frank. The list was topped by neighboring China, it added. Of the 47 countries surveyed, more than half (53 per cent) had [...]
Continue reading...US home building plunges, industrial output surges
17. June 2010
US housing starts hit a five-month low in May as a home buyer tax credit expired while wholesale prices remained subdued, giving the Federal Reserve ample room to maintain its ultra-low interest rate policy. The weak housing market data released by the Commerce Department on Wednesday contrasted with a separate report from the Fed that showed [...]
Continue reading...Qatar to be largest overseas property investor in 2010: report
14. June 2010
Qatar is expected to be the largest source of global real estate capital during 2010, real estate consultancy Jones Lang LaSalle said in a report published on Sunday. The country, which has emerged as “a new global powerhouse,” is expected to rank as the number one global overseas investor in 2010, according to the firm. “Cash-rich and [...]
Continue reading...China realty bubble bursts in bond markets
1. June 2010
Dollar bonds sold by China real estate companies this year are the worst performers among Asian non-financial corporate debt denominated in the US currency amid concern the nation’s property market is overheating. Yields on the $3.9 billion of bonds issued by Kaisa Group Holdings, Country Garden Holdings and seven other developers since January widened by an [...]
Continue reading...South Mumbai 4th most expensive office market
9. May 2010
Global Office Rents Survey lists London’s West End at the top. The rupee’s rise against the dollar and pick-up in office leasing transactions in its central business district, Nariman Point, have propelled the country’s commercial capital, Mumbai, to fourth-most expensive office rent market in the world, a new study shows. When the last such study was conducted, [...]
Continue reading...Beijing : One Family One house
2. May 2010
To curb rising property prices, Chinese government has taken such a step, which India can also take lessons. The way property prices in the country’s major cities are skyrocketing, so is the latest in China’s capital Beijing. To tackle this problem the Chinese government has taken the unique step. Now any man in this part [...]
Continue reading...Oberoi Group Planning Hospitality Venture in Turkey
27. April 2010
Hospitality major The Oberoi Group is in talks with Turkey for a hospitality venture. “The Oberoi group has shown interest and is in talks in the hospitality sector in Turkey,” Turkish Ambassador to India Levent Bilman said. “The talks have just begun in February and is in the early stage,” said Bilman. The group’s parent [...]
Continue reading...Burj Khalifa Wins Mix Use Project Real Estate Award
21. April 2010
Burj Khalifa, the world’s tallest building, which forms the iconic centerpiece of Dubai, has won a real estate award for integrating business enterprises and residences in a “pleasant commercial working environment”. The tallest building won the mixed use project award in the Cityscape Awards for Real Estate in the Middle East and North Africa for [...]
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28. August 2010
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