China’s April property prices up 10.1%

China’s urban property prices rose 10.1 per cent in April from a year earlier but eased from 10.7 per cent growth in March, according to official data.
Average property prices across 70 large and medium-sized cities rose 0.2 per cent in April from the previous month, the National Development and Reform Commission, the top economic planning [...]

DP Architects tapped for Bahrain health island

DP ARCHITECTS will now have its name linked to a unique health island in the Middle East, adding to the number of major projects it already has in its bag.
In a statement yesterday, the Singapore architectural firm announced for the first time that it is the master planner for Bahrain’s US$1.6 billion health island located [...]

Natural disasters won’t dent Asia property allure

European investors find region’s GDP growth too attractive
The recent catalogue of natural disasters such as earthquakes and cyclones will not stop European property investors seeking value in Asia’s most promising real estate markets, fund managers said here on Tuesday.
Days after Cyclone Nargis ravaged Myanmar’s Irrawaddy region, a quake measuring 7.9 on the Richter Scale struck [...]

UK house prices to fall 5% this year: economists

Tumbling house prices may further dent consumer confidence
British house prices are likely to fall 5 per cent this year, a Reuters poll of economists showed, and many believed that they could tumble twice that as soaring consumer inflation restricts the scope for interest rate cuts.
Forecasts for 2008 house prices on an annual basis ranged from [...]

Sino Land project 60% sold as mortgage costs fall

Average prices for apartments smaller than 1,000 sq ft rise 15.6% in Q1
Hong Kong existing home sales rose last week and Sino Land sold almost 60 per cent of the new apartments at its Palazzo development in the city’s Shatin district, as low interest rates spurred demand for housing.
Demand still firm: Existing home sales rose [...]

UK building work slumps again in April

Commercial building activity in Britain shrank for a sixth straight month in April and was expected to fall further in the next three months, data showed on Tuesday.
Property services firm Savills said its Total Commercial Development Activity Index showed a net balance of minus 20.8 per cent last month - the lowest level recorded in [...]

US home foreclosures hit fresh high in April

IN A further sign of the still-troubled US housing market, a survey yesterday showed home foreclosure actions hit a fresh all-time high in April of 243,353.
The survey by the research firm RealtyTrac said the percentage of foreclosure actions - including default, auction sale notices and bank repossessions - rose 4 per cent from the prior [...]

Foreigners more upbeat on M’sian real estate

FOREIGNERS are more bullish about the Malaysian property market than locals, according to a survey by one of the country’s property websites, thinkproperty.my.
Its chief executive officer Asim Qureshi said in the survey involving 250 participants, significantly more foreigners were positive about Malaysian real estate.
In a statement yesterday, he said 48 per cent of the foreigners [...]

US home foreclosures hit fresh high in April: survey

In a further sign of the still-troubled US housing market, a survey on Wednesday showed home foreclosure actions hit a fresh all-time high in April of 243,353.
The survey by the research firm RealtyTrac said the percentage of foreclosure actions - including default, auction sale notices and bank repossessions - rose 4 per cent from the [...]

Worldly pursuits in Dubai

No doubt about it - The World in Dubai belongs to the rich and famous. This cluster of real estate is shaped like a map of Earth
YOU can buy Australia, New Zealand, Shanghai or even the Antarctica, and develop it into a private kingdom.
But first, you have to be invited to purchase this exclusive piece [...]