Asia / Africa Real Estate News

 
 SHANGHAI — The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals. Yang and many other young Chinese are finding their aspirations thwarted by an overheated propert [ ... ]

March 7 (Bloomberg) -- China’s government plans to change the procedure for real estate companies to raise capital through initial public offerings, according to a senior official of the securities regulator. The China Securities Regulatory Commission is in discussions with the Ministry of Land and Resources to change the rules, said Zhu Congjiu, assistant to the securities regulator, during [ ... ]

  Real estate experts will discuss the potential role of Abu Dhabi in spurring a national and regional industry rally during the Cityscape Connect Abu Dhabi Business Breakfast scheduled for February 16, 2010 at the Radisson Blu hotel in YasIsland, Abu Dhabi.

   Feb. 21 (Bloomberg) -- Sun Hung Kai Properties Ltd. sold a batch of 900 homes in Hong Kong for HK$4.2 billion ($540 million) at a new development over the weekend amid crowds of thousands, fueling speculation the city’s housing market is overheating. The apartments at the Yoho Midtown apartment complex in Yuen Long sold for an average HK$5,400 per square foot, Amy Teo, project [ ... ]

  HONG KONG—As some of Wall Street's biggest real-estate investors weigh their next step in China after a bruising downturn, a rush of domestic players are filling the void, raising money and snapping up trophy properties.

   Dubai's battered real estate market got more bad news Wednesday when a leading property company said it saw little hope soon of a rebound after office leasing rates plunged more than half in a year.

   DUBAI (Reuters) - Dubai contractor Arabtec said on Sunday it has won a 710 million dirhams ($193.3 million) contract to build an 80-storey tower in Dubai from Abu Dhabi-based developer Tasameem Real Estate.

Cohen & Steers says Hong Kong is poised for great year. HONG KONG -- Rising real estate prices in mainland China and Hong Kong have stirred worries of a bubble. New York-based Cohen & Steers, which has more than $20 billion invested in real estate globally, doesn't see it that way. Forbes talked to Luke Sullivan, senior vice president and portfolio management in Hong Kong, about the outlook for ma [ ... ]

  SHANGHAI (Dow Jones)--China has told banks to stop giving commissions to real-estate agents for introducing mortgage customers, on growing concerns that competition for borrowers has led to less stringent lending practices and surging property prices.

  Among the planned changes in a deal between Dubai's Labour Ministry and Real Estate Regulatory Agency, are separate classifications and official documentation requirements for professional positions. This move promises added transparency, and an infusion of confidence in an industry still reeling from global reversals. An explosion of outstanding debt has led to Dubai's first foreclo [ ... ]