Developers
Pruksa aims to splash some cash on land acquisitions
Pruksa Real Estate, Thailand’s largest residential property developer by sales, will raise its budget for new project land purchases to as much as THB6 billion (US$192.5 million).
Simon Property Group acquires outlet shopping center business of Prime Outlets Trading Market 02.09.2010 | Property developers drive Chinese share market lower Xinhua 01.09.2010 |
 Simon Property Group, Inc., a real estate investment trust, has acquired outlet shopping center business of Prime Outlets Acquisition Company and certain of its affiliated entities. Both the companies are based in the US. |  BEIJING, Sept. 1 (Xinhua) -- Chinese stocks dropped slightly Wednesday, pulled down by property stocks amid concern the government will not anytime soon ease its tightening measures aimed at curbing soaring house prices. |
Qatar Developer Barwa Halts $9.2 Billion of ProjectsRobert Tuttle and Zainab Fattah Bloomberg News 31.08.2010 | Murano developer suedAlan J. Heavens Philly News 31.08.2010 |
 Aug. 31 (Bloomberg) -- Barwa Real Estate Co., Qatar’s biggest property developer by assets, halted planned projects worth $9.2 billion in the cities of Doha and Al Khor until the market improves. |  Fifty-one early buyers of condominium units at the 43-story Murano at 21st and Market Streets in Center City accused the building's developer Monday of inflating sales figures to boost unit prices. |
Nova Group plans B6.5bn expansion in ThailandStaff Reporter 31.08.2010 | Park51 developer Sharif El-Gamal has a history of run-ins with the law NY Daily News 28.08.2010 |
 Rony Fineman, president of Pattaya-based Nova Group announced plans to develop nine projects in Pattaya and Bangkok worth a combined B6.5bn in the next two years. The Nova Group currently owns three hotels, and a serviced apartment in Pattaya and has undertaken a number of condominium developments in Thailand's busy seaside resort. |  Years before his latest real-estate project ignited an uproar, Sharif El-Gamal racked up at least seven run-ins with the law, including a bust for patronizing a prostitute. |
Dubai Developers Rush To Meet New Regulations By Deadline Property Wire 28.08.2010 | China Developers Turn to Hong Kong as Beijing Reins in LendingKatrina Nicholas BusinessWeek 05.05.2010 |
 As developers struggle to complete all the paperwork required to register property owners associations in Dubai, experts believe that the deadline will be extended. While some developers have been holding back in the hopes of avoiding the costs of compliance, some developers are using consultants to handle the headaches of registration. See the following article from Property Wire for more on this. |  China’s biggest developers are borrowing record amounts in Hong Kong, taking advantage of lower interest rates to circumvent a lending crackdown at home. |
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