International
Property Development Likely to Decline in European Markets
Mirroring recent headlines, ING’s latest “Investment Management Europe Report” suggests that the Greek debt crisis and the declining value of the euro will adversely affect property yields and threaten the recovery in the real estate market.
OliverMcMillan Revives Stalled Condo Project in Honolulu
Dozens of people reportedly camped out for as long as two days outside the sales office of the Pacifica Honolulu condominium project so that they would be among the first to snatch up a good deal.
Humphreys & Partners Opens Civil Engineering Division
Humphreys & Partners has opened its newest division, which offers civil engineering and consulting services.
Malaysian Conference to Look at Energy Efficiency for Buildings, Including Multifamily
The green building movement–and that includes making multifamily properties more energy efficient–now has momentum far beyond its roots in North America and Europe
65 Percent of Renters Take More Than 3 Months to Find a Home
Sixty five percent of 1,400 people in an Australian survey took more than three months to find a rental hom
Significant Q1 Growth in the Bangkok Condo Market
The Bangkok condominium market experienced a significant turnaround in property values
Upscale Puerto Vallarta Condos Headed for Auction Block
The market for high-end condos and other resort properties in this west coast Mexican city isn’t n
Tomson Riviera Still Selling, Despite Property Bubble Anxiety
The peak of the Chinese real estate bubble has been predicted for some time now, but if the price that an apartment in Shanghai’s Tomson Riviera complex recently fetched is any indication, buyers are still willing to pony up the big yuan. Late last year, a 600-square meter (6,450 square feet) apartment in Tomson Riviera sold for 96.09 million yuan ($19.6 million) to an unspecified but obviously wealthy buyer.
Dubai Apartment Market Stabilizes
Infamous for how far its property markets have fallen in recent years, Dubai is seeing signs that its MF market, has touched bottom.
Kimidar Group to Develop Residential Property in Hurghada, Egypt
Kimidar Group, a developer as well as a major tour operator in Egypt, has unveiled plans for Golden Park Resort & Spa, in Hurghada, Egypt, on the Red Sea. The property will consist of apartments, villas and penthouses in a resort setting, with 300 residences for sale in the first phase.