Asia / Africa Real Estate News

Industry insiders do not see further policy tightening  
BEIJING, Aug 6, (Agencies): Chinese regulators have called for stress tests on loans to a range of industries, including cement and steel, whose fortunes are closely tied to property markets on the brink of a correction, official media reported on Friday.

Wilfred Wong, a deputy of the National Congress of the People's Republic, helped prepare the handover of Hong Kong to Beijing in 1997 and is an influential property figure in Asia. He is executive chairman China, Pacific Star Group, a property investment firm. The interview took place in Hong Kong

Risks associated with the real estate business in East Africa are expected to come down following the coming into force of the Common Market Protocol. According to Kenya’s real estate players, the huge regional market provided will help firms diversify their activities, making it easier to manage risks. Under the Protocol, cross-border investment has been made easy as companies can freely [ ... ]

 
 BEIJING: China’s property prices will fall within a few months as government steps to cool the real estate market bite, Land and Resources Minister Xu Shaoshi said.

After China's frothy property prices stoked fears that a bubble was forming, the central government took measures to cool the market. But now a different concern has come to the fore: Will these market-stabilizing measures overshoot and send the market into a downward spiral? While this possibility can't be ruled out, investors can take some comfort from the fact that not every Asian property [ ... ]

DUBAI - Dubai has been selected for the establishment of the first specialised real estate exchange in the Middle East and North Africa region, or MENA, that will contribute significantly in boosting sustainable development in the region.  
 

Citigroup survey reveals that most prefer deposit savingsJune 07, 2010   The rich may be getting richer, but how they got there differs between the merely rich and the super-rich, according to a new survey by Citibank of Korea’s high-net wealth individuals.

 The non-financial arm of Dubai Holding, the group owned by the emirate's ruler, yesterday reported a 2009 net loss of Dh22.8bn ($6.2bn), a reminder of the deep impact of the real estate crash.Dubai Holding Commercial Operations Group's loss was mainly due to real estate impairment charges amid the tumbling Dubai property market and were announced as the unit holds talks with banks to refinan [ ... ]

 BEIJING — Accountant Jiao Yurong carefully organised her family's finances to put her son through university in the United States. Now that he has the coveted degree, she has been saving to buy him a flat.

  Dubai is among the ten most expensive office markets in the world, a report on global office rents by commercial real estate services company CB Richard Ellis (CBRE) showed.