Against a backdrop of runaway property prices and overdevelopment, China is planning a national property tax, with many industry players' blessing.» Read More
BERLIN, March 6- Europe's hotel sector is finding its financing options are the best in years as investors seek better returns in a low interest rate environment and economies emerge from bruising recessions, fanning optimism for the rest of the year.
*Abu Dhabi property market recovery as fast as Dubai's. ABU DHABI, Feb 19- For years, Abu Dhabi's real estate market has paled next to its more dynamic, glamorous rival in neighbouring Dubai. Prime residential sale prices in Abu Dhabi jumped 25 percent and rentals climbed 17 percent in 2013, real estate advisory firm Jones Lang LaSalle estimated.
ZURICH/ BRUSSELS, Feb 10- A vote to curtail immigration from the EU could cost Switzerland its privileged access to the European single market, European officials said on Monday, after Swiss voters narrowly backed the restrictions in a referendum that has unsettled business.
*Almost 1 million workers estimated to have left country. DUBAI, Jan 22- The impact of Saudi Arabia's crackdown on illegal foreign workers is spreading through its economy, moving beyond the labour-intensive construction industry to sectors as far afield as banking and telecommunications.
Chinese entities announced more than $5.89 billion in projects in January-October, nearly six times the $996 million for all of 2011 and 2012 combined, showed data from New York- based consultancy Rhodium Group.
*Dexus, CPPIB hike offer for CPA to A $1.27 per unit. SYDNEY, Dec 11- A bidding war for Australia's Commonwealth Property Office Fund escalated after Dexus Property Group and the Canada Pension Plan Investment Board hiked their joint offer- a move expected to prompt a higher bid from a rival suitor.
DUBAI, Nov 27- Dubai's success in bidding to host the 2020 World Expo will trigger billions of dollars of investment in the emirate, but it may risk a repeat of the boom-and-bust cycle which nearly caused financial collapse just a few years ago.
SYDNEY, Nov 19- Australian real estate trust Commonwealth Property Office Fund said on Tuesday it is considering a A $2.99 billion takeover bid from property investor The GPT Group.
LISBON/ MADRID, Nov 17- When Edward Hu bought a holiday home in Portugal's most popular tourist spot in September, the Chinese agricultural entrepreneur got a Europe- wide family travel permit thrown in for as long as he owns it.
*Dubai seen by many as the front-runner. DUBAI, Oct 21- An international meeting in Paris next month may trigger billions of dollars of fresh investment in Dubai- and, if plans are not handled carefully, contribute to the kind of boom-and-bust cycle which nearly bankrupted the emirate four years ago.
DUBAI, Oct 7- Family-owned Dubai conglomerate Al Habtoor Group said on Monday that it was launching a $3 billion real estate development in the emirate that would include 3,000 hotel and residential units as well as a water-themed theatre. Developers in Dubai are back to announcing mega-projects as the emirate recovers from its 2009-2010 debt crisis.
DUBAI, Oct 3- Residential house prices in Dubai are increasing at an unsustainable rate and may see correction over the next 12 months, a report by property consultancy Jones Lang LaSalle said on Thursday. The IMF warned in July that overspending could leave Dubai vulnerable to another debt crisis if global market conditions deteriorated.
SHANGHAI, Sept 27- China has formally announced detailed plans for a new free-trade zone in Shanghai, touted as the country's biggest potential economic reform since Deng Xiaoping used a similar zone in Shenzhen to pry open a closed economy to trade in 1978..
BEIJING/ SHANGHAI, Sept 27- China will open up its largely sheltered services sector to foreign competition in a free-trade zone in Shanghai, and test bold financial reforms including a convertible yuan, the government said on Friday.
*About 25 pct of top office space vacant in Cairo- report. DUBAI/ LONDON, Sept 26- A flight by foreign companies from violent unrest in Egypt threatens to drive up vacancy rates at offices and malls and prompt international investors to shift funds to sub-Saharan real estate.
MUMBAI, Sept 19- In a capitulation that speaks to the depth of the slump in India's economy, usually tight-fisted retail landlords have become uncharacteristically flexible on rents, as Lacoste India CEO Rajesh Jain knows well.
A rebound in Japan's real estate market is driving investors to take on more risk by buying office buildings far from Tokyo's prime districts.
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Commercial real estate investment in Japan spiked 78 percent in the second quarter, a sign that the impact of the government's radical reflating policies is gaining traction.
South Korea is now the largest property investor so far in 2013 after a jump in tensions with North Korea has fed a tenfold surge in overseas commercial property spending.