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Real Estate Development

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  • MOSCOW, April 14- Russian residential real estate developer Etalon said on Tuesday it expected new contract sales to decline by no more than 30 percent this year. First-quarter new contract sales fell 58 percent to 3.8 billion roubles after a buying spree in the fourth quarter of 2014 caused by the rouble depreciation. The company said that sales in the first...

  • Is the next shoe dropping on Singapore property? Tuesday, 7 Apr 2015 | 10:53 PM ET

    Singapore's high-end property developers faced with a ticking clock may take drastic measures to avoid steep charges for unsold units.

  • Kevin Mullin, R- Rutland and chairman of the Senate committee that drafted the bill, said during Senate debate. The Senate Economic Development, Housing and General Affairs Committee had proposed reducing the lowest wage a company could pay and still be eligible for tax credits under the Vermont Economic Growth Initiative from 160 percent of the state minimum...

  • *Chairman's role in Egypt mega-project raises eyebrows. DUBAI, April 2- As chairman of Emaar Properties, Mohamed Alabbar has shaped much of Dubai's skyline, but rapid growth in his outside real estate interests is raising the possibility of a rarity in the Gulf- open shareholder dissent. His involvement in other firms' projects, such as a planned $45 billion city in...

  • BELGRADE, March 31- The vista of rusting boats and drab wasteland that greets visitors passing over the river Sava into Belgrade is set to be transformed into a futuristic forest of skyscrapers under ambitious redevelopment plans that have left Serbs deeply split. The project marks the first foray into central and eastern Europe by Abu Dhabi- based Eagle Hills...

  • BELGRADE, March 31- The vista of rusting boats and drab wasteland that greets visitors passing over the river Sava into Belgrade is set to be transformed into a futuristic forest of skyscrapers under ambitious redevelopment plans that have left Serbs deeply split. The project marks the first foray into central and eastern Europe by Abu Dhabi- based Eagle Hills...

  • Some industry experts forecast home prices to fall by over a third by end-2016, clouding the prospects of major developers CK Hutchison Holdings Ltd, owned by Asia's richest man Li Ka- shing, and Sun Hung Kai Properties Ltd.. An increase in U.S. rates would also trigger a rise in Hong Kong because the local currency is pegged to the U.S. dollar, paving the way for...

  • India's aims to cure property hangover with discounts Wednesday, 18 Mar 2015 | 7:15 PM ET

    India's property developers are turning to promotional gimmicks as they struggle to sell billions of dollars worth of unfinished homes.

  • MUMBAI, March 19- India's debt-laden property developers are turning to deep discounts, free parking spots and even gimmicks like gifts of gold coins and motorbikes as they struggle to sell billions of dollars worth of as-yet unfinished homes. It's not just bad news for developers in megacities like Mumbai, now seeking ways to offload inventory with...

  • HONG KONG, March 18- Chinese banks have extended Evergrande Real Estate Group a 100 billion yuan credit lifeline, as a slump in China's key property sector pressure one of the biggest and most indebted developers. Evergrande, China's fourth largest property developer by sales, said the credit lines had been extended by four major state-owned banks since...

  • HONG KONG, March 18- Chinese banks have extended Evergrande Real Estate Group 100 billion yuan in credit, as the slump in China's key real estate sector extends to one of the biggest and most indebted property developers. Evergrande, China's fourth largest property developer by sales, said the credit lines had been extended by four state-owned banks since...

  • Is Singapore REITs’ stellar run about to hit a wall? Thursday, 12 Mar 2015 | 11:17 PM ET
    Pedestrians walk outside the Ion Orchard mall in Singapore

    Singapore's REITs have long defied predictions they would stumble amid forecasts of rising rates, but analysts say the day of reckoning may soon come.

  • Why luxury living thrives in Melbourne   Monday, 9 Mar 2015 | 8:31 PM ET
    Why luxury living thrives in Melbourne

    Larry Kestelman, founder and CEO of LK Property Group, says the six-star Capitol Grand is garnering great interest from local and overseas buyers due to Melbourne's status as one of the best cities to live in.

  • Jakarta’s property boom is just getting started Wednesday, 4 Mar 2015 | 9:30 PM ET

    Jakarta property prices have more than doubled since 2009, but with a new infrastructure push, the boom might only be getting started, analysts said.

  • March 4- U.S. solar project developer SunEdison Inc is expanding into the fast-growing market for grid energy storage with the acquisition of a startup that pairs big batteries with solar installations. SunEdison said its purchase of Solar Grid Storage LLC, to be announced on Thursday, will allow it to begin building a storage plan across the country, Tom Leyden,...

  • Iraq battles to rebuild despite war and oil slump Tuesday, 3 Mar 2015 | 4:00 AM ET

    *New city aims to house half a million people near Baghdad. *Challenges face mega projects planned for Basra, Baghdad. BAGHDAD, March 3- On a main highway south of Baghdad, dozens of buildings rise up from the Iraqi plains, the first blocks of a multi-billion-dollar city emerging from a landscape more accustomed to conflict and crisis than glitzy new development.

  • Will the Waldorf become NYC's hot new address? Thursday, 19 Feb 2015 | 11:52 PM ET

    All those pining after childhood stories of "the tippy-top floor" of New York's Plaza Hotel might soon get to recreate it a few blocks away at the Waldorf.

  • Luxury property sales took a hit last year as China's anti-corruption campaign discouraged conspicuous consumption, but buyers are now taking advantage of easier credit and a stock market rally to upgrade their homes. "It's not going to lead to a full recovery in the market," said Clement Luk, Shanghai- based chief executive officer for eastern China at property...

  • Crowdfunding stadium re-dos. Will it work?   Friday, 13 Feb 2015 | 10:49 AM ET
    Crowdfunding stadium re-dos. Will it work?

    Eric Larson, CEO, Larson Realty, discusses efforts to raise money for the redevelopment of Detroit's old Tiger Stadium. Is crowdfunding the future of redevelopment?

  • The CNBC Crowdfinance Real Estate Average Wednesday, 4 Feb 2015 | 6:00 AM ET
    Housing market index

    This represents the largest capital commitments raised by private real estate companies actively listed on equity crowdfunding platforms.