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In Vancouver, Home Sales Hit the Brakes

The Wall Street Journal 31.10.2012
Home sales in the Vancouver metropolitan area dropped 33% in September compared with the year-ago month, while listings rose 14%. Above, a condominium unit in downtown Vancouver.

VANCOUVER, British Columbia—After a blistering, multiyear run that saw ramshackle bungalows fetch seven-figure sums, one of the hottest real-estate markets in North America seems to be cooling, damped in part by government changes meant to deflate what many policy makers saw as the start of a bubble.

Phuket Real Estate Association meets new Governor

On October 29th 2012 at Phuket City Hall, Mr.Thanoosak Pungdet of Phuket Real Estate Association, together with the Executive Committee of the Association held a meeting with new Phuket Governor Mr.Maitree Intusut.

Canada will avoid U.S.-style real estate bubble, bank says

TORONTO — The news out of Canada’s real estate market isn’t good, but the country will avoid a U.S.-style real estate meltdown, CIBC said Tuesday.

Jones Lang LaSalle to launch new real estate fund soon

BANGALORE/MUMBAI: Property consultancy firm Jones Lang La-Salle (JLL) India has set up a new entity JLL Segregated Funds Group to raise funds to invest in the Indian real estate market, and its first fund worth . 300 crore will be launched soon in the domestic market.

UK property sales up as prices fall

Information Daily 30.10.2012
UK property sales up as prices fall

October has seen UK property prices fall to the lowest level for two years, a new survey has announced. Reductions on properties that have been on the market for some time have been blamed for the decrease.

Property developer McKillen given permission to appeal London ruling

The Court of Appeal in London has granted Paddy McKillen permission to appeal a ruling on his legal action against the Barclay brothers.

Quick, buy something!

Property Report 30.10.2012

Hong Leong downgrades property sector

The Malaysian Insider 30.10.2012
Quick, buy something!

It was just a matter of time; Singapore introduced the latest round of cooling measures in the beginning of October and last Friday Hong Kong then followed suit, imposing a 15 percent tax on foreign buyers. In both instances, the measures are intended to curb the rise in property prices, which have continued to rise despite several rounds of government interventions over the past couple of years.

Hong Leong downgrades property sector

KUALA LUMPUR, Oct 29 – Hong Leong Investment Bank downgraded Malaysia’s property sector companies to ‘neutral’ from ‘overweight’, saying an increase in property gains tax is expected to weigh on an already slowing market.

Hong Kong’s Property Tycoons Drop $2.3 Billion in Wealth

The six richest property developers in Hong Kong lost a combined $2.3 billion in net worth today as shares in their companies dived after the government imposed a property tax on overseas buyers.

TAT’s advertising campaign paying big dividends in Hua Hin

Tourism Authority of Thailand’s advertising campaign promoting Hua Hin is paying big dividends. Tourist arrivals in Hua Hin were up over 49 percent from 2010 to 2011 with over 1.6 million tourists visiting our royal resort city and 2012 will undoubtedly break new records. With Double page adverts placed in International magazines such as the Economist, Hua Hin is being portrayed as Thailand’s Riviera where you can rub shoulders with celebrities while taking in its sophisticated charm.

Spanish property sales 'on the rise'

Property Showroom 29.10.2012
Spanish property sales 'on the rise'

The strong tourism industry in Spain is helping support the country's property market, with sales volumes increasing in September.

Show DC, located on Jaturatit Road near Rama IX Road in Bangkok, is AEC’s first venture in Thailand. An integrated distribution centre for small businesses, it could be a prototype for more such buildings to serve Thailand’s huge retail sector.

The limited amount of land available in Penang, Malaysia is driving a local property developer and his colleagues to seek opportunities in other Asean countries, particularly Thailand, Myanmar and Laos.

Despite the Chinese government’s efforts to rein in rising real estate prices, housing remains expensive and out of reach for the vast majority of Chinese. Above, people walk by a property billboard in Shanghai. (Peter Parks, AFP / Getty Images / August 27, 2012)

The curbs aimed at cooling China's overheated housing sector worked, but they also put the brakes on rapid growth. But boosting home sales could trigger class tensions.

The Hottest Real Estate Agent In The US Is Only 25 Years OId

Oren Alexander celebrated his 25th birthday by breaking the record for the most expensive home sold in Miami, according to The Wall Street Journal.

Penang property prices soar

Asia One 18.10.2012

Foreign money seeks London property

Financial Times 18.10.2012
Penang property prices soar

PETALING JAYA, Malaysia - Property prices have shot up by about three-fold in Penang because of an increase in surcharges imposed by the Pakatan Rakyat-led government, claimed a former council official.

Foreign money seeks London property

The flow of foreign money seeking a home in London’s commercial property market means the capital now accounts for a third of total European investment transactions, new figures reveal.

Hong Kong government attempt to stop property prices soaring further

The first long-term policy for 14 years is currently being formulated in Hong Kong in attempt to cool soaring property prices.

Path to purchase does not run smooth

The rise in some home prices and the new property price register have brought a fillip to the market but there are still hurdles for buyers, writes FIONA REDDAN

 
Smartphone app for public register of real estate agents launched

SINGAPORE - The Council for Estate Agencies (CEA) has launched a mobile version of its online Public Register of Estate Agents and Salespersons.

 
 

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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.