Real Estate Development
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PARIS, May 18- Chinese, South Korean and Spanish firms are vying to develop a hydropower project likely to cost between $9 billion and $14 billion on the Congo River, Congolese officials said on Saturday.
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PARIS, May 18- Chinese, South Korean and Spanish firms are vying to develop a hydropower project likely to cost between $9 billion and $14 billion on the Congo River, Congolese officials said on Saturday.
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It would take a perfect storm, but there are worries the current economic boom for farmers could turn into a bust. The issue is how much debt farmers take on.
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RALEIGH, N.C.-- A bill rolling back energy-efficiency standards for commercial builders passed a North Carolina House committee Monday.
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HONG KONG, May 14- He has trained on Broadway and been a Wall Street banker. The grandson of Hong Kong billionaire Cheng Yu-tung, who built up jeweller Chow Tai Fook and real estate titan New World Development, Cheng is one of a new generation of business leaders in Asia who are taking over the corporate reins from their ageing rags-to-riches forebears.
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More home sales and higher home prices are adding up to bigger incomes for members of the nearly two million realtor industry.
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HONG KONG, May 10- China shares rose on Friday to close out their second-straight weekly gain, helped by strength in property-related counters as robust April sales from some developers overshadowed a pledge by the central bank to focus on containing inflation.
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.160x105.jpg?v=1367504026 "Fannie Mae: From Ward of the State to Cash Cow")
Mortgage giant Fannie Mae has now been turning a profit for more than a year, and the chief beneficiary of that profit is the federal government.
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*Tehran skyline transformed by construction boom. May 8- The Iranian property developer leant back in his chair, drew hard on a shisha pipe and looked down at photographs of a Tehran apartment block on his tablet computer.
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HONG KONG, May 2- Hong Kong property developer New World Development plans to spin off and list three of its hotel properties in a initial public offering in Hong Kong. NW Hotel Investments will initially focus on Hong Kong but will also look to invest in internationally branded hotels in Asia.
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LONDON, May 1- Britain's Development Securities. "We're in discussions with a number of financial institutions to acquire further loans, and those loans probably are in value of 200-500 million pounds," said Michael Marx, chief executive of the developer, which has investments in Manchester, Southampton and London.
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DUBAI, May 1- Emaar Properties, Dubai's largest property developer, expects its real estate business to increase drastically, and its recurring income will also grow, chairman Mohammed Alabbar told reporters on Wednesday.
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STOCKS TO WATCH- Property developer PT Lippo Karawaci booked a 23 percent increase in first-quarter net profits to 252 billion Indonesian rupiah from 205 billion Indonesian rupiah at the same period last year, boosted by revenues that grew 26 percent to 1.48 trillion Indonesian rupiah, said CEO Ketut Budi Wijaya.- The Banyu Urip oil field at the Cepu block in Central Java, operated by a subsidiary of ExxonMobil, is expected to produce 165,000 barrels of oil per day by end of 2014, said the chairman of Indonesia's oil and gas regulatory task force SKK Migas, adding that the firm just started drilling 24 wells to boost oil output.- State construction firm PT PP plans to build two superblocks over the next 5-10 years in Surabaya, East Java and Jakarta with a total investment of up to 16 trillion Indonesian rupiah, said corporate secretary Betty Ariana.
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STOCKS TO WATCH- Property developer PT Lippo Karawaci booked a 23 percent increase in first-quarter net profits to 252 billion Indonesian rupiah from 205 billion Indonesian rupiah at the same period last year, boosted by revenues that grew 26 percent to 1.48 trillion Indonesian rupiah, said CEO Ketut Budi Wijaya.- The Banyu Urip oil field at the Cepu block in Central Java, operated by a subsidiary of ExxonMobil, is expected to produce 165,000 barrels of oil per day by end of 2014, said the chairman of Indonesia's oil and gas regulatory task force SKK Migas, adding that the firm just started drilling 24 wells to boost oil output.- State construction firm PT PP plans to build two superblocks over the next 5-10 years in Surabaya, East Java and Jakarta with a total investment of up to 16 trillion Indonesian rupiah, said corporate secretary Betty Ariana.
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0750 GMT- Qatar's Barwa Real Estate Co slumps to a four-year low after the property developer said its first-quarter profit fell by nearly half. The company made a net profit of 158.5 million riyals in the three months to March 31, down from 292.5 million riyals a year ago.
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Frank Khoo, Global Head of Asia of AXA Real Estate, connects the dots to unravel the value in Japan's property sector.
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RIYADH, April 27- Saudi Arabia's housing minister said urban land left undeveloped could be confiscated to build much-needed homes, local media reported on Saturday. A royal decree earlier this month ordered ministries to give up land for development to the Housing Ministry.
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HONG KONG, April 25- China shares posted a third loss in four sessions on Thursday, dragged by the property sector after local media reported that the banking regulator had instructed lenders to stop extending loans to developers guilty of "malpractices".
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HONG KONG, April 25- China shares posted a third loss in four sessions on Thursday, dragged by the property sector after local media reported that the banking regulator had instructed lenders to stop extending loans to developers guilty of "malpractices".
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Founder and chairman of Beijing Zhongkun Investment Group, Huang Nubo, made headlines when he tried to buy 300 km in Iceland, but he tells CNBC that his main focus remains on China.
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CNBC speaks exclusively with Wang Shi, Chairman of the mainland's biggest property developer, Vanke, at the China Entrepreneur Club's Annual Summit of Green Companies in Kunming.