Indochina Land recently held a ground-breaking ceremony for its new office and luxury housing development in Hanoi. The US $150 million project covers some 16,600 square meters in Cau Giay District and is scheduled for completion in 2010. This will be one of the premier properties in Vietnam when completed. Indochina Plaza Hanoi (IPH) will have grade A office space and two high rise residential towers...
The latest research report from Philippines property company Raimon Land indicates that the average price for a condominium in Phuket is now Bt101,203 per square meter. That is essentially double the price per square meter in 2005, a staggering increase in value in the past several years. The report attributed the continued boom in Phuket luxury property to new hotels and properties that continue to...
The number of existing homes sold in the United States dropped considerably in November as prices also dropped. The National Association of Realtors indicated in its most recent report that home sales drop to an annualized rate of 4.49 million units in November, down from 4.98 million homes in October. That is well below the predicted rate of 4.93 million units that industry analysts were looking...
27/12/08-China cuts interest rates for the fifth time since mid-September, but the cuts were smaller than many analysts had expected. The People’s Bank of China cut the one-year lending rate to 5.31 percent and the deposit rate to 2.25 percent, which was just a 27 basis point drop. The last cut in November was 1.08 percent, much larger than this time. Some analysts thought the move would be greater,...
One of the newest luxury destinations on the very popular Caribbean island of St. Lucia is The Landings, located on 19 acres on Rodney Bay. Just a few miles north of Castries, the capital of the island nation, this new resort has been open for several months and is now opening a new phase for sale. All properties are freehold and owners can use them all they want or lease them out. There is a combination...
The demand for property in Qatar is expected to remain strong, according to a recently released report by DTX, an international real estate advisory firm. The office and residential markets have both experienced strong growth in recent years. That growth is expected to slow, but still remain strong. Residential rents in Doha have increased an average of 30 percent per year, according to the report....
London 25/12/08-The overseas property website Homesgofast.com joined other retailers in attracting thousands of potential buyers to Christmas online bargains. The upside to the global slowdown is that international real estate prices are at the lowest ever and for investors there seems to be no better time to buy. Visitors arriving at the site for terms relating to cheap property abroad or bank owned...
Despite the world wide financial crisis, luxury housing in the Philippines remains a strong market. According to real estate analyst Jones Lang LaSalle, demand for high-end property in the island nation is strong and resilient. Jones Lang LaSalle recently released its Asia Pacific Property Digest for the third quarter, and there is strong demand for local high end properties. Claro Cordero, head of...
Portugal seems just the place to get away from all the financial gloom for thousands of Christmas holiday makers. Bookings in Portugal for Christmas and New Year’s hotel rooms are strong, according to news reports in the Portugal News. The Tivoli Group, one of the country’s largest hotel chains, indicated that holiday bookings have been solid and they expect a good end of the year. “At this time...
Beijing is planning to increase its investment in renovating and upgrading downtown residential buildings in 2009. The city currently plans to spend between 1.5 billion yuan (approximately US $220.6 million) and 2 billion yuan during the course of the year. The investment in property in Beijing will affect some 20,000 homes and residents in the districts of Dongchen, Xicheng, Chongwen and Xuanwu. Vice...