More turn to sub-letting HDB flats Nov 9, 2009
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* NCC rejects BCCs request to split up Nov 5, 2009
But the company had acquired so much real estate over the years that a need arose for a land management firm. . (Taipei Times, Taiwan -- World Business)
Regulator to keep track of realtors Nov 4, 2009
China's banking regulator plans to review debt levels at some real estate developers on concern the companies' borrowings are fueling excessive gains in property prices, a person familiar with the matter said ... New loans for real estate development surged 121 percent from a year earlier in the first half to 403 ... A gauge tracking 24 real estate firms traded in Shanghai has climbed 120 percent this year, the best-performing group on the benchmark Shanghai Composite Index. (People's Daily Online, China)
World Bank boosts China growth forecast to 8.4% Nov 4, 2009
More recently, real estate activity has been recovering as well ... Exports will probably stop being a drag on growth from end-2009 onwards and real estate investment looks set to be stronger," the bank said. "However, government-influenced investment, the key driver of growth this year, is bound to decelerate (and) market based investment is likely to continue to feel negative pressure from the significant spare capacity in many manufacturing sectors. (Channelnewsasia.com)
World Bank ups China's growth forecast Nov 4, 2009
Stronger real estate investment will also boost growth, but the impact of government stimulus spending is set to decline sharply, while spare capacity in China and abroad will put a lid on capital spending by manufacturers, the bank said. Excess capacity is one reason the bank expects inflation to remain tame, with consumer prices rising 2. (Sydney Morning Herald -- Business)
China Real Estate Information Corporation to Report Third Quarter 2009 Financial Results on November 17, 2009 Nov 3, 2009
Source: China Real Estate Information Corporation ... SHANGHAI, China, Nov. 3, 2009 (GLOBE NEWSWIRE) -- China Real Estate Information Corporation ("CRIC" or the "Company") (Nasdaq: - ), a leading provider of real estate information, consulting and online services in China, today announced that it will report its financial results for the third quarter ended September 30, 2009 before the U.S. markets open on November 17, 2009 ... About China Real Estate Information Corporation. (Primezone Releases)
Bank regulator plans review of developers' debts Nov 3, 2009
China's banking regulator plans to review debt levels at some real estate developers on concern the companies' borrowings are fueling excessive gains in property prices, a person familiar with the matter said. According to a report by the Bloomberg News, China Banking Regulatory Commission, the watchdog, wants to reduce leverage at developers that bought land at inflated prices and at large state-owned companies that have entered the property market. (People's Daily Online, China)
China's economic recovery broadens Nov 2, 2009
"While public investment may moderate in the months ahead, private real estate investment, consumer spending and export demand should drive growth in the coming months," she said. Ms Ulrich pointed to the dominant role construction plays in the Chinese economy and said a sharp rebound in new housing construction starts in September boded well for the months ahead. (CNN -- International)
Summer traffic up for Google, down for Microsoft Nov 1, 2009
Knol will only increase the time spent on Google real estate. The analysis is fine. (Yahoo News -- Internet and WWW)
Soros: Double-Dip Global Recession Possible Oct 31, 2009
Soros added that the U.S. banking system has to earn its way out of a hole, while in commercial real estate and leverage buyouts, the "bloodletting is yet to come.". 2009 Reuters. (Newsmax)
China's bank credit to rise in Q4: central bank Oct 31, 2009
The expected credit surge is due to hefty capital demand for a number of under-construction projects, and reheating of the real estate sector, according to the quarterly macro-economic review issued by the People's Bank of China (PBOC). Medium and long-term credit will increase "substantially", and the bill-financing, which facilitates short-term credits, will continue to fall after the central bank tightened rules to ensure the money flow into the real economy other than stock market... (Xinhuanet, China)
Enjoy black-and-white print while you still can Oct 29, 2009
With advertising revenue plummeting, and real estate losing value by the hour, the NYT is in a free fall accelerated in part by its own greed. But it is also a victim of a more general downward trend; American newspaper readership is down 10 percent across the board in just the past year alone. (Xinhuanet, China)
China Risks Bubbles With `Bernie Madoff Data': William Pesek Oct 29, 2009
Chinas stimulus and are fueling asset bubbles in stocks and real estate and creating the illusion of stable growth. Its largess may be paving the way for a bad-loan hangover. (Bloomberg -- Columnists)
China's sovereign wealth fund getting decent returns Oct 29, 2009
It mainly invested in publicly traded assets through experienced external fund managers this year, and also made some direct investments in the mining, energy and real estate sectors, according to Lou. As some fundamental problems of the global financial market remained unresolved, the CIC chairman said he could not rule out the possibility of a "second dip" in the global economy. (Xinhuanet, China)
Economist: Local unemployment to start falling dramatically in second quarter of 2010 Oct 28, 2009
driven by the stock market bounce and consumer confidence when the stock market rolls back over to the 6,000-7,000 range, commercial real estate collapses (which most think will happen late FY 2010) and residential real estate falls another 10-15% over the next year ... ie refer to bank failures, continuing tight credt, a weak dollar ( see the rise in crude oil as an example) with commercial real estate yet to hit the fan and no consumer emotion toward spending which reflects unemployment and... (Atlanta Journal-Constitution -- Business)
Experts Talk GDP, Dollar, Housing, Stocks Oct 27, 2009
Many market observers consider the current environment to be dramatically different from more recent economic downturns, even in the face of the 1973-74 severe correction and the back-to-back recessions of 1979-80 and 1981-82, which were deeply painful, not to mention a savings and loan financial crisis in the late 1980s, given unbridled growth in poor real estate loans. Hence, some skepticism is appropriate when people only highlight the differences but overlook similarities. (BusinessWeek)
China's Economy: Not Yet Mission Accomplished Oct 25, 2009
6% on concerns that China would begin to tighten monetary policy in response to fears of expanding bubbles in real estate and financial markets. But economists said the country is likely to keep its foot on the gas to ensure the recovery doesn't falter. (Time.com)
Spruce up your holiday entertaining Oct 23, 2009
INDEPENDENT-ENTERPRISE. NEWSPAPERS IN EDUCATION. (Ontario Argus Observer, OR)
China's growth quickens but policy stays on hold Oct 22, 2009
Whereas investment in the first half of the year was overwhelmingly government-led, capital spending by mostly private real estate developers is now surging in response to the ready availability of credit and growing confidence in the economy. That confidence is being buoyed by rising incomes. (Yahoo News -- Press Releases)
Stocks fall as Chinese growth fails to impress Oct 22, 2009
Lend Lease led the real estate trusts lower, falling 41 cents, or 3 ... Investors are not certain which way to jump yet with real estate companies, Mr Morrow said. (Sydney Morning Herald -- Business)
Chinas Boeing rival the upside Oct 20, 2009
Chinas Boeing rival the upside - Puget Sound Business Journal (Seattle). for free extra services. (Puget Sound Business Journal, WA)
IPhone Helps Apple Profit Rise 47 Pct; Stock Leaps Oct 20, 2009
Real Estate Information. Sections Station Services Spotlights Partners. (KCRA 3, CA)
Full Story » Oct 15, 2009
Past exhibitors include Apple, Cadillac, IQ Air, Lego, Wyeth, Disney, NWA, Royal Caribbean International, GM, Diaz Reus (Attorneys and Counselors), Lincoln, GMAC Real Estate International Properties, Ford, Marriot, Hershey's, Ben and Jack's Steakhouse, Subway and Mary Kay. Praised by the United States Consulate in Shanghai, this annual event is entering its second year. (Yahoo News -- Press Releases)
Suncorp sells Hooker Corp to founder's grandson Oct 15, 2009
Suncorp-Metway has sold its Hooker Corporation real estate operation to the grandson of the founder of the business for $67 million in cash. The business, which includes the LJ Hooker real estate franchise business and the LJ Hooker mortgage broking business, has been bought by Leslie Janusz Hooker, grandson of Sir Leslie Hooker ... "Suncorp has received numerous approaches for LJ Hooker over the past few years but this proposal offered an attractive price for Suncorp shareholders as well as an... (Sydney Morning Herald -- Business)
BROKE: Recession-hit Britain to sell off state assets... Oct 12, 2009
The government will also sell off surplus real estate as market conditions improve. In a clear dig at the Conservatives, Brown was to attack their plans for dragging Britain out of recession. (The Drudge Report)
Chinese coal company L&L raises $5.3M Oct 10, 2009
Chinese coal company Les $5. 3M - Puget Sound Business Journal (Seattle). (Puget Sound Business Journal, WA)
Santander, Verisk IPOs get US$10bil Oct 8, 2009
33bil from 31 deals in 2009, according to Thomson Reuters data, which includes IPOs by real estate investment trusts. Verisk, which does most of its business through its subsidiary ISO and is owned by a group of insurance companies, collects actuarial and underwriting data related to US property and casualty insurance risks. (The Star Online, Malaysia -- Business)
Startup links other startups to investors Oct 8, 2009
Schoffler, an Oregon native, was previously a consultant for , an Austin-based commercial real estate company. She was also director of acquisitions at , also in Austin. (Austin Business Journal, TX)
Moon Festival entertains the crowds Oct 4, 2009
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
Africa: Govts Must be Worthy of People, Says Clinton Oct 3, 2009
The trip, sponsored by the Kenya Commercial Bank (KCB), aims at exposing the bank's small and medium-size entrepreneurs and real estate developers to international business and enabling them to learn from more established counterparts in the emerging Asian and world's economic giant, they said. The bank will also take. (allAfrica.com)
Highwoods snags office tenant Oct 2, 2009
Highwoods Properties (NYSE: HIW), a real estate investment trust based in Raleigh, N.C., owned or had an interest in 35 ... Tampa Bay Real Estate. (Tampa Bay Business Journal, FL)
Time for a 'Business Divorce' Sep 26, 2009
One guy might believe this is the greatest real estate buying opportunity of all time, while the other wants to take his chips off the table because he thinks we haven't yet hit bottom in the commercial real estate market. I've also seen some near-death financial experiences, where a bank has pulled financing, or there's inadequate capitalization and the bank comes back and wants guarantees from the partners. (BusinessWeek)
Shareholder Class Action Filed Against UCBH Holdings, Inc. by the Law Firm of Barroway Topaz Kessler Meltzer & Check, LLP Sep 24, 2009
On May 20, 2009, the Company announced that it would restate its financial results for 2008 and the first quarter of 2009 because "certain loan impairments, and related reserves and charge-offs associated with specific collateral dependent loans and other real estate owned properties which had been analyzed and recorded during the first quarter of 2009, should have been more appropriately recorded and reflected in the fourth quarter of 2008.". Then, on September 8, 2009, the Company stunned... (PR Newswire)
Independent Research Firm Murphy Analytics Announces Initiation of Coverage On Xodtec Group USA, Inc. Sep 24, 2009
Murphy Analytics LLC is owned by Patrick J. Murphy, who has over 15 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's. Disclosure: Murphy Analytics was paid $8,500 by Emerging Equity Markets in advance of the publication of this report. (Primezone Releases)
* Ma bodyguard acted 'inappropriately' Sep 22, 2009
In other news, as some people have expressed concern about a real estate company's newspaper advertisement featuring Ma and former president Chiang Ching-kuo (g), Wang yesterday urged the contractor to respect Ma's rights and refrain from using the picture again to promote its new apartment complex in Shilin District (hL). Wang also said that Ma had lost some weight over the past two months on the advice of his medical team to cut down on food and exercise regularly. (Taipei Times, Taiwan)
ROSS GITTINS Sep 21, 2009
Not for the reason it suits the real estate types to tell you. Monday February 18, 2008. (Sydney Morning Herald -- Business)
Should US hold bilateral talks with N. Korea? Sep 19, 2009
Should US hold bilateral talks with N. Korea. Should US hold bilateral talks with N. Korea. (Christian Science Monitor)
Naverus tests at Chinese Himalayan airport Sep 19, 2009
Naverus tests at Chinese airport in Himalayan mountains - Puget Sound Business Journal (Seattle). for free extra services. (Puget Sound Business Journal, WA)
UPDATE 1-Songbird ups interest in C. Wharf Gp. to 69 pct Sep 18, 2009
The remaining balance will be funded by a debt facility provided which may take the form of a shareholder loan from Qatar Holding LLC, China Investment Corporation, Morgan Stanley Real Estate Funds and GF Investments II. ... com for the global service for real estate professionals from Reuters). (Scientific American)
Chinese equities down 1.12% on weak brokerage shares Sep 17, 2009
Real estate sectors lost 1. 39 percent to 12. (Xinhuanet, China)
Bradesco, BES to Form Brazilian Private Equity Funds as Economy Recovers Sep 17, 2009
The Bradesco-BES venture is part of a pickup in the formation of private equity, real estate and corporate debt funds that , a former chief securities regulator, said is building. The central bank cut the benchmark lending rate to a record low of 8. (Bloomberg -- Latin America)
Honeywell signs $64M deal for engine units Sep 17, 2009
Honeywell signs $64M contract for auxiliary power units - Phoenix Business Journal. for free extra services. (Phoenix Business Journal, AZ)
China shares fall on liquidity doubts Sep 16, 2009
Strong August bank lending helped to drive up the benchmark in previous sessions, but a sharp rise in mortgages prompted concern that a large amount went to real estate speculation rather than productive investment, analysts said. "Investors are also worried whether the lending will sustain in the rest of the year," said Zhang Qi, an analyst for Haitong Securities in Shanghai. (OregonLive, OR -- Business)
* THE LIBERTY TIMES EDITORIAL: Suffering old wine in new bottles Sep 15, 2009
The stock market index and the real estate market have improved slightly, but that is because interest rates are too low. The low cost of capital has created excess idle funds that have moved into financial markets, and this is the reason for the rising stock market and increasing real estate prices. (Taipei Times, Taiwan -- World Business)
Slaughter backs tariff on Chinese tires Sep 15, 2009
for free extra services. Subscribe to Business First. (Buffalo Business First, NY)
China is building again, but so is inflation Sep 14, 2009
The first reason that Chinese GDP growth will not fall through the floor as the Government's stimulus loses impact is plainly evident in any major Chinese city: private real estate construction is picking up. This is encouraging for Australian mining companies, at a time when the Chinese restocking that led to unprecedented exports in the first half of the year has begun to reverse. (Sydney Morning Herald -- Business)
Australia can still enjoy the ride as Chinese stimulus wears off Sep 14, 2009
The first reason that Chinese GDP growth will not fall through the floor as the Government's stimulus loses impact is plainly evident in any Chinese city: private real estate construction is picking up. This is encouraging for Australian mining companies. (Sydney Morning Herald -- Business)
* Upscale hotel to go on market again Sep 14, 2009
DTZ (w), an international real estate consultancy, will hold a media briefing on the property today with the Core Pacific Group (), owner of the hotel, expecting to draw in NT$25 billion (US$764 million), a record price for any property transaction ... Domestic insurers have raised their real estate investments as the financial crisis has lowered their risk appetite, Su said. (Taipei Times, Taiwan -- World Business)
Report: China's new loans to top 10 tln yuan this year Sep 13, 2009
Loans to resident sector, driven by the booming real estate market and the hike in auto sales at home, rose to 251. 3 billion yuan in August, up about 201 billion yuan year on year, accounting for more than 60 percent of the new loans. (Xinhuanet, China)
Restaurant owner likes the odds on plan for former OTB Sep 12, 2009
Restaurant owner likes the odds on mixed-use plan for former OTB - The Business Review (Albany). for free extra services. (Albany Business Review, NY)
Some critics worry stocks' big climb isn't on solid footing Sep 11, 2009
Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)
Wu confident about future China-U.S. economic co-op Sep 9, 2009
To get out the economic crisis, the U.S. Government has also introduced the biggest economic stimulus package since the 1930s, covering finance, real estate, taxation, infrastructure, the auto industry, environmental protection, energy, science and technology and health care reform, among others. "The implementation of our respective stimulus plans has offered new business opportunities for economic cooperation and trade between our two countries," Wu said. (Xinhuanet, China)
China Sovereign-Wealth Fund Eyes U.S. Real Estate Assets Sep 9, 2009
Chinas sovereign-wealth fund is looking to invest in U.S. real estate, possibly even through a government program created to help bail out struggling banks, The Wall Street Journal reported on Tuesday, citing people familiar with the matter. Officials from China Investment Corp. have, in recent weeks, been talking to private-equity fund managers such as BlackRock (BLK), Invesco and Lone Star about investing in distressed real estate assets including mortgages and physical property, the... (Fox News)
Bringing China's economic boom to rural students left behind Sep 9, 2009
Sun Liyuan: The Tsingua University junior speaks with an ethnic Hui farmer in Ledu. Ms. Sun was ambivalent about teaching English at a rural school, but now she says she is passionate about it. (Christian Science Monitor -- USA)
Mixing old and new is a great design strategy Sep 9, 2009
Directory of Featured Atlanta real estate agents ... Listings of real estate events taking place in metro Atlanta. (Atlanta Journal-Constitution -- Home & Garden)
First Solar gets visit from Chinese leaders Sep 8, 2009
for free extra services. Subscribe to Phoenix Business Journal. (Phoenix Business Journal, AZ)
China may keep 8% growth for 2 years: economist Sep 6, 2009
He predicted that the real estate investment will increase by around 30 percent in 2010, which will add one percentage point to economic growth. Corporate investment is expected to grow prominently next year and as the global trade is warming up, Chinese export, which still enjoys the cost advantage, will recover. (Xinhuanet, China)
China's Property Investment May Increse by 30% in 2010, PBOC's Fan Says Sep 5, 2009
A rebound in real estate investment will be the next engine supporting economic recovery after the government-led infrastructure construction plays a dominant role stimulating growth this year, , an economist at Industrial Bank Co., said by phone in Shanghai. Growth of 20 percent to 25 percent in real estate investment is healthy, whereas a 30 percent pace may trigger concern about overheating in the property sector. (Bloomberg -- Asia)
China May Use Regulatory Tools to Adjust Bank Lending, Central Bank Says Sep 5, 2009
9 percent in the second quarter, also raised concerns that bank loans have been diverted and used to buy shares and real estate, fueling gains in stock and property markets. Benchmark , which gained 57 percent this year, are in deep bubble territory, according to former Morgan Stanley Asia economist. (Bloomberg -- Asia)
North Korea seeks international attention with uranium claim Sep 5, 2009
The North, which wants one-on-one talks with the US, said it's open to dialogue and had entered the "completion phase" of developing highly enriched uranium. from the September 4, 2009 edition. (Christian Science Monitor -- World)
Summer traffic up for Google, down for Microsoft Sep 4, 2009
Knol will only increase the time spent on Google real estate. The analysis is fine. (Yahoo News -- Internet and WWW)
Overhaul for growth transition Sep 3, 2009
The third issue is paying close attention to the "capital asset price bubble" problem and the stable and healthy development of the real estate market ... Yet, we should give necessary attention to the rapid rise of asset price in the real estate market, as some people have raised questions about the re-emergence of asset bubbles ... Recent months have seen a slight growth in China's stock, auto and real estate markets, which was a general reflection of national economic performance. (Xinhuanet, China)
China Shares up 5 Percent on Strong Lending News Sep 3, 2009
Real estate, financials and other market heavyweights were among the biggest gainers. Propery developer China Vanke is up 9 percent and Poly Real Estate has gained 8. (ABC News -- Business)
China fund assets set to top US$1 trillion Sep 3, 2009
Chinas 18-year-old fund industry is stepping up innovations under Beijings financial reforms, preparing for products such as global exchange-traded funds (ETFs), overseas index-tracking products and real estate investment trusts. (An) irreversible trend of bank disintermediation, especially on the retail side, and the increasing attractiveness of financial products will be the main driver of growth, said Zhang Haochuan, analyst at fund consultancy Z-Ben Advisors, which sees Chinas fund... (The Star Online, Malaysia -- Business)
China expansion goes on Sep 2, 2009
Turnover of private-sector real estate has also slowed, although prices remain resilient. Ms Ye, the financial commentator, said the Government would step in to support the private real estate market if necessary, placing a floor under global commodities demand. (Sydney Morning Herald -- Business)
