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Seven streets in the London borough of Kensington and Chelsea have the most expensive real estate in the UK, new research published today (Thursday 29 December) reveals. Around the corner from Kensington Palace, soon to be the home of the Duke and Duchess of Cambridge, Campden Hill Square in the heart of fashionable Holland Park [...]
WCT (S) Pte Ltd, under WCT Berhad, one of Malaysia’s largest construction and property development groups, on December 27 was licensed to carry out a housing and commercial complex project in HCM City. Accordingly, WCT (S) Pte Ltd and Southern Land Corp JSC will establish a joint venture called WCT-DPN Co Ltd with initial charter [...]
Homebuyers still wait for further drops in prices on the condo market, which is one of the main reasons behind the current stagnant trade, investors said at a seminar on housing quality and prices held last week by the HCMC Real Estate Association (Horea). After HCMC had seen a shockwave rippling through the market with [...]
The year 2011 witnesses the dark days in the history of the real estate market. Real estate developers cannot borrow capital to develop projects, while the real estate prices have been decreasing dramatically. 1. The “land fever” in Soc Son, Dong Anh districts in Hanoi The fever attack occurred in early 2011. The story began [...]
Commercial real estate markets in the United States have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012, according to the National Association of Realtors. Lawrence Yun, NAR chief economist, said there is little change in most of the commercial market sectors. ‘Vacancy rates are flat, leasing [...]
The Ministry of Construction is gathering ideas for a draft decree that requires a housing project to reserve at least 70% of its area for small and medium-sized apartments. The move is expected to provide low and average-income citizens with more opportunity to buy homes. The proposed regulation stipulates that a small apartment should be [...]
A series of defaults in Hanoi in the past few months has been found to have the same cause: The gloom, even slump of real estate market in a long period of time. It is compared to a gunshot that signals the panic, even massive flight of property investors. Panicky As the hopes for a [...]
Several investors of office building projects in Vietnam stuck in the dreary market have chosen to sell their products to companies instead of leasing them in an effort to recover capital as soon as possible. The move is deemed as unprecedented on the local property market. Petrocapital and Infrastructure Investment JSC (Petroland), which plans to [...]
With the nation’s real estate market still largely frozen, property services firm Savills Viet Nam held a seminar in Tokyo last Friday to promote the market with Japanese investors. Viet Nam News spoke to one of the leaders of the seminar, Savills Viet Nam deputy managing director Neil MacGregor Why would Japanese investors be attracted [...]
Many real estate companies have reported incurring losses due to the country’s moribund domestic real estate market. A project of Sudico The PetroVietnam Power Land JS Company recently announced it would lower prices of 85 apartments in its flagship Petro Vietnam Landmark project to VND15.5 million (USD741.62) per square metre from a previous VND21.6 million [...]