The escalating house prices in Hong Kong have led Hong Kong's Chief Executive Donald Tsangto say that the Government’s irresolute decision of 2003 has caused the prices of the housing to surge. He has criticized the government for over reacting at the outset of inflation.
The rates of properties on rent increase by 5% worldwide, reveals a document by the real estate services company Cushman & Wakefield.
With the pursuit of helping Hong Kong to fight with the surging prices of property, the China's Vice Premier Li Keqiang announced measures yesterday.
It has been reported that the prices of property amidst inflation rose by 5.6%, leaving the middle and working class aghast. Over the past few years, the prices of houses jumped because of low interest rates.
Singapore has been claimed as the third most expensive office location in the Asia Pacific region. This was the eighth consecutive quarter where the region has been mentioned in the same category.
Colliers International Research's latest Asia Pacific Office Market Overview report has notified that gross rents for Grade A offices in the Central Business District (CBD)have been augmented by 9% annually to S$105.31
(US$86.91) per square foot in the Q2 and has increased by 6.2% quarter-on-quarter to reach S$8.90 per sq ft per month.
The property developers and entertainment groups have been designing and developing new theme parks, resorts and casinos in Asia. Goddard and many competitors have been travelling all over Asia to set up the new amusement parks.
A report released by real-estate consultancy CB Richard Ellis, on Wednesday, has ranked Asian cities on four of the top five spots for international businesses. Singapore has secured a second place followed by Tokyo, London and Shanghai. The study has tagged southern Chinese city at top most position for media, technology and telecoms firms.
Mumbai-based realty firm DB Realty declined more than 8% to an all-time low on the Bombay Stock Exchange (BSE) in today's session following report that the CBI is inspecting the transfer of more than Rs 200 crore by the company to Kalaignar TV during FY2009-10, which came to light during explorations into the allotment of 2G spectrum.
Top Indian real estate major Omaxe Ltd has made foray into infrastructure segment.
Omaxe Infrastructure and Construction Ltd (OICL), the company's wholly owned arm, has bagged the initial deal to build up Highway and 3 high level bridges in the state of Punjab.
Top diamond jewellery player, Gitanjali Group has recently made entry into the real estate business.
As per reports, the company is eyeing Rs 525 crore from its two real estate projects by the next 30 months.
Under its fully-owned subsidiary Gitanjali Infratech, Gitanjali Group, is originating approximately 8-lakh sq ft of land in Mumbai's suburban region.
Omaxe Ltd has claimed that its subsidiary, Garv Buildtech Pvt. Ltd, has signed up a memorandum of understating (MoU) with Lucknow Development Authority to construct a Hitech Township in Lucknow.
Omaxe in its filing to the BSE has announced that Garv Buildtech Private Ltd has enterted into a MoU with Lucknow Development Authority for construction of township at Lucknow, Uttar Pradesh. The proposed area for the township is about 2700 Acres, located at the Lucknow Ring Road, close to Lucknow Airport.