PropertyO News
House prices, Nov 2009
Price rise for philippines
Philippine property yields are expected to remain steady or show a slight increase during 2010, driven by a resurgent Asian economy, forecasts apart-hotel property investment specialist, Asset Property Brokers - the Chinese economy is predicted to grow by 9% in 2010 with Singapore expanding by 4.3%, Taiwan by 3.7% and the Philippines by 3.2%, according to the International Monitory Fund...
Fri, Nov 27, 2009
Rise in global distressed sales
Over 80% of key real estate markets around the world have seen a rise in distressed sales in the commercial property market, according to new research - the survey by the Royal Institution of Chartered Surveyors of its members in 25 countries found that the biggest pick up in distressed sales was in South Africa, the US, Portugal and France in the third quarter of 2009...
Thu, Nov 26, 2009
Singapore ‘needs to cool off'?
The government in Singapore will continue to monitor real estate prices to see if further measures are needed to cool the market to avoid a property bubble but officials said that so far cooling measures are working...
Tue, Nov 24, 2009
Us prices in surprise rise
Property buyers in the US are becoming more aggressive due to a shortage of real estate as the first time buyer tax credit pushes up sales - the latest figures from the National Association of Realtors show that existing home sales surged 10.1% in October while total housing inventory fell 3.7%...
Tue, Nov 24, 2009
China prices up in october
Residential property prices in China rose by 3.9% in October, according to official figures, with investment in real estate increasing 18.9% in the first ten months of the year - property sales growth measured by floor space rose to 48.4% in the first 10 months from 44.8% in the first three quarters of the year...
Fri, Nov 20, 2009
Dubai ‘remains fragile'
Dubai property prices could drop another 30% over the next 18 months and may take at least 10 years to recover to peak levels, a report by UBS says...
Thu, Nov 19, 2009
China prices: continual rise
Residential property prices in China will continue rising in 2010, assisted by greater level of bank lending and stronger inflationary expectations, the government's top think tank announced this morning - in the last few months Chinese property values have recovered from the market slump late last year, with the average price of a home in the country's 70 largest cities having appreciated 3.9% year-on-year in October, the fastest rate of property price growth since September 2008...
Wed, Nov 18, 2009
Singapore sales ‘nosedive'
Sales of uncompleted residential properties in Singapore plummeted 29% month-on-month in October, with fewer than 1,000 homes sold - the lowest level since January 2009...
Wed, Nov 18, 2009
Nz mini-boom ‘rubbish?'
Descriptions of the New Zealand real estate market having a mini-boom are absolute rubbish, according to agency First National - Real Estate Institute statistics out last week showed the national median price hit $355,000 last month, a 10-year high...
Tue, Nov 17, 2009
Trouble for china's bubble
Chinese officials are to carry out a survey into foreign investment into the country's real estate sector amid fears about soaring property prices, it has been revealed - the State Administration for Industry and Commerce has informed all foreign enterprises that it will be carried out before the end of the year...
Wed, Nov 11, 2009