So She Thought: Hopefully hopeless? Or hopelessly hopeful? Nov 3, 2009
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
China Said to Plan Review of Developer Loans on Concern at Surging Prices Nov 3, 2009
A gauge tracking 24 real estate firms traded in Shanghai has climbed 120 percent this year, the best-performing group on the benchmark ... Some banks loosened mortgage down-payment requirements this year to boost market share, and some paid commissions to developers and real estate agents for referring borrowers, the person said ... The regulator will mainly target state-owned companies whose main businesses are outside of real estate, the person said. (Bloomberg -- Asia)
Asian Banks Tighten to Avoid Bubbles Nov 3, 2009
Central banks across Asia are tightening policy to avoid unsustainable rises in stock, bond, and real estate prices. They are seeking to avoid a credit bubble, like that in the United States which caused the current financial crisis. (Newsmax)
Banks likely to hike lending rates for commercial real estate Nov 2, 2009
MUMBAI: The Reserve Banks decision to raise commercial real estate property loan provision may force banks to hike lending rates to the sector in the near term, said bankers ... 5% and 1% in commercial real estate loans in the near future to pass on the burden of high provision to customers, a senior official of Union Bank said ... This (high provisioning) will impact the credit flow to the real estate sector and will leave no option to banks but to increase their lending rates on commercial... (India Times, India -- Intl Business)
* EDITORIAL : The problem of surplus capital Nov 1, 2009
Another concern is that, as risk appetite begins to build in Asia along with the rebounding economy, a quick rate hike would likely boost the so-called carry trade X in which investors borrow from countries with ultra-low interest rates and invest in countries with higher rates X thus aggravating what we have already seen in Asia with price surges in equities, real estate and other assets ... Rather than use credit-tightening measures to quietly discourage speculative financial... (Taipei Times, Taiwan -- Business)
NUS gears up to take on the world Oct 31, 2009
" onclick="Next();" src="/images/butt_next. "This would be valuable ... particularly as many challenges, going forward, will be more complicated and you will need a broader-based understanding of more disciplines.". (Channelnewsasia.com)
Invest in property now Oct 31, 2009
So what if residential real estate prices are going up, a majority of the middle class that aspires to own a home is still taking the plunge ... It is perhaps the best time to look around for a value purchase in real estate. (India Times)
Grasim net profit up 61% at Rs 674cr Oct 30, 2009
In the ready-mix concrete business, the performance was impacted by the slowdown in the real estate sector. "Higher volumes, softening of fuel prices and enhanced share of captive power resulted in better operating margins," said the company. (India Times, India -- Intl Business)
Taiwan Central Bank Asks Lenders to Monitor Risks as House Prices Advance Oct 29, 2009
Any restriction to lending will suppress real estate purchases on the island, Hung Chih-hung, a spokesman for Farglory Land, said. Taiwans third- largest developer by market value, lost 6. (Bloomberg -- Asia)
Sensex sheds 387 on selling spree Oct 28, 2009
Real estate stocks led the fall after RBI indicated there were signs of an unwarranted price rise in the sector and decided to rein in banks' exposure to the commercial real estate sector by hiking risk weight for loans to this sector ... 15am that indicated the central bank was slowly on track to exit the easy money policy that it had embarked on about a year ago, including tightening of money flow to the real estate sector, dealers said ... Among the real estate majors, DLF lost 6. (India Times, India -- Intl Business)
Money transfer options for NRIs Oct 28, 2009
Funds are sent to their home country for various uses financial aid for their parents, investing in real estate, shares, putting money in bank deposits, for gifting purposes and so on. In these transactions, the most important factor is the options available for transferring money from countries across the world to India. (India Times, India -- Intl Business)
India Begins Exit From Monetary Stimulus With Order to Buy Government Debt Oct 27, 2009
The Reserve Bank of Australia increased rates three weeks ago, citing costlier real estate. Norways Norges Bank is set to raise borrowing costs tomorrow, according to a Bloomberg survey. (Bloomberg -- Asia)
Home loan approvals become tougher Oct 26, 2009
CHENNAI: The emergence of 'affordable' housing has revived the real estate market, but prospective buyers have found out that getting a home loan approved has just got a little more difficult ... The emergence of 'affordable' housing has revived the real estate market, but prospective buyers have found out that getting a home loan approved has just got a little more difficult. (India Times, India)
'Taj Mahal' of Illinois up for sale Oct 25, 2009
According to the real estate broker and auctioneer Mike Berland, the home briefly was listed on the market for $25 million but got no takers. Berland said the home owners -- dentist Husam Aldairi and his wife Rawaa Atta-Aldairi -- decided to sell the property as the woman thought she could not stand the Chicago winters anymore and the couple moved to Florida. (India Times, India)
Number of failed US banks exceeds 100 Oct 24, 2009
That number is expected to continue rising as the industry tries to get a handle on commercial real estate loans that will continue to deteriorate as more strip malls go vacant and condo developments remain stalled ... Community banks, especially, built up high concentrations of commercial real estate loans for developments that have failed to attract tenants or have become vacant. (India Times, India)
* More people expect property prices to fall in the next year Oct 24, 2009
An increasing number of Taiwanese are predicting that house prices will fall on speculation that the central bank will raise borrowing costs next year, the nations biggest real estate broker said. Sinyi Realty Co (Hq) said 33 percent of people surveyed this month anticipate a fall in house prices in the next 12 months, compared with 28 percent in a July poll. (Taipei Times, Taiwan -- World)
Departing Pastor Page says go find 'lost people' Oct 23, 2009
() Receptionist needed (real estate license a plus) Property Manager needed, Part-Time on-site (real estate license a plus). Please fax or email resumes for both positions to: resume12370@ yahoo. (The Augusta Chronicle)
Ambani brothers' feud over gas prices hits energy-starved India Oct 21, 2009
Anil Ambani speaks to shareholders at Reliance Communications' annual general meeting in Mumbai on September 22. India's Supreme Court began hearing arguments in the Ambanis' faceoff over the price of gas extracted from the country's biggest-ever discovery. (Christian Science Monitor -- World)
Indian vehicle sales rise 17 percent in September Oct 13, 2009
A Walnut Creek real estate agent has been convicted of charges that she lured a Peruvian nanny to the East Bay with promises of a better life but instead kept her as an indentured servant for nearly two years. Mabelle. (San Francisco Chronicle -- Business)
SunCity sees strong recovery Oct 12, 2009
For its maiden project in China, SunCity has partnered with Sunway Holdings Bhds subsidiary, SunwayMas Sdn Bhd, and Shanghai Guanghao Real Estate Development Group Co Ltd for a mixed high-rise development in the central business district of Jiangyin New Harbour City in Jiangsu Province. The 39:26:35 joint venture to develop the RM492mil project will be launched in mid-2010. (The Star Online, Malaysia -- Business)
India, China deals add up for Roswell Park Oct 9, 2009
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Realty IPO rush raises doubts over success Oct 5, 2009
MUMBAI: In the last two weeks, five real estate companies have filed prospectus with Sebi for going public, while another four to five are expected to follow suit ... All these realty offers are coming on the heels of a series of institutional placements by some of the large realty firms that include Unitech, Indiabulls Real Estate, HDIL, Sobha Developers and Orbit Corp, and also a sizeable sell-off by DLF promoters ... About 10 real estate firms had gone public in the last three years, but... (India Times, India -- Intl Business)
US super-rich lose $300bn: Forbes Oct 1, 2009
Forbes attributed the loss of wealth to "faltering capital markets and real estate prices, along with fraud and divorce.". The losses affected 314 returning members and forced 32 plutocrats to fall off the list, including disgraced and jailed financier Allen Stanford, former chief of troubled Citigroup Sanford Weill and former Google billionaire Omid Kordestani, who faced a costly divorce. (India Times, India)
Water find sparks a mad rush for lunar property Sep 30, 2009
Though the international Moon Treaty, finalised in 1979 and in force since 1984, forbids private ownership of extra-terrestrial real estate, as of January 1, 2008 only 13 states ratified the agreement and more importantly not a single country has legally contested Lunar Embassy's claims to ownership of Moon land. Thus, anyone who made the first claim before the UN becomes the first owner. (India Times, India)
Comment: Over the moon with mission Sep 26, 2009
We see the cosmos or those parts of the cosmos that promise water as an extension of the earth's real estate, for us to do with it as we think fit. In other words, discoveries that open up windows of knowledge and reveal new truths are often reduced to how useful they are in catering to human needs. (India Times, India)
Trico Marine to sell 2 vessels for $40M Sep 26, 2009
Trico Marine to sell two vessels for $40 million - Houston Business Journal. for free extra services. (Houston Business Journal, TX)
Buying home to get safer, new real estate bill mooted Sep 26, 2009
NEW DELHI: The aam aadmi looking to own a piece of real estate might be able to breathe easier. The possibility of being hoodwinked by a smooth-talking builder or salesman might be reduced sharply as developers will soon be required to post project details, including civic clearances, on the website of the real estate regulator ... The model Real Estate (Regulation of Development) Bill has been long awaited and states are expected to legislate in keeping with the detailed provisions of the... (India Times, India)
No sign that US bailout will expire at year's end Sep 24, 2009
Foreclosures are still rising, unemployment is expected to remain high for months, banks still hold bad assets on their balance sheets and the commercial real estate market poses a significant threat to small banks whose failure rate has not abated. Many economists warn that a too-slow recovery could dip into recession again. (India Times, India)
India's a Big Hit Among Foreign Investors Again Sep 24, 2009
"We are getting good response from high net worth individuals (HNIs) for our real estate fund," said Shashi Kumar, real estate (head), Birla Sunlife Asset Management. "Investors, for sure, have become very cautious, while investing into funds. A lot of research is done by investors themselves before investing in an offshore fund," Mr Kumar added. (BusinessWeek)
Singapore move to burst bubble Greenspan missed Sep 22, 2009
This week, Singapore's National Development Minister, Mah Bow Tan, unveiled measures to prevent excessive price swings in real estate. The reason: Singapore sees the signs of rampant speculation in home buying that central bankers such as Greenspan long argued could not be spotted or headed off. (Sydney Morning Herald -- Business)
Timely tweet: Gimme performance, stop posturing Sep 20, 2009
Real austerity (and real cash generation) can come from three main items: a) cutting down government debt our interest burden is close to a thousand crores a day and is the real reason for crippling inflation; b) cutting down defence expenditure a mere 1% cut in defence budget means Rs 1,400 crore; and c) the government shifting base, at least partially, from the super-prime real estate areas it occupies around the country to the suburbs, selling that land and using the money to improve... (India Times, India)
$100m annual pay is too much: Vikram Pandit Sep 18, 2009
The assets widely perceived as being likely to suffer next, such as commercial real estate loans, are not a large part of the bank's balance sheet. Pandit noted that the bank's shares trade at about their tangible book value, or accounting value, while most banks' shares trade above their book value. (India Times, India)
Investing for the recovery: Where to place your bets Sep 17, 2009
Real solutions for your real estate needs ... And commercial real estate could crumble ... For investors, that means it's a good time to diversify broadly not just in stocks and bonds, but in money funds, real estate and possibly even commodities. (USA Today -- Money)
Now, hotels can get loans at lower rates Sep 16, 2009
NEW DELHI: In a bid to encourage investment in the hospitality sector, the RBI recently notified that hotels be taken out of the high risk category of real estate exposure ... A ministry statement said, RBI has notified that hotels be taken out of the real estate exposure for banks to those entrepreneurs who themselves run these ventures ... In a bid to encourage investment in the hospitality sector, the RBI recently notified that hotels be taken out of the high risk category of real... (India Times, India -- Intl Business)
Temasek's Mapletree Plans to List $2.8 Billion Property Trust in Singapore Sep 12, 2009
Sept. 12 (Bloomberg) -- , the property unit of Singapores , said it plans to list a real estate investment trust in the city-state that may hold as much as S$4 billion ($2 ... Developments of the last six months have been supportive of some increased risk-appetite compared to six months ago, and real estate would be an area that would benefit ... It now holds stakes in financial services, real estate, telecommunications, energy and transportation companies in at least four continents. (Bloomberg -- Asia)
Mumbai: 7000 slums in Dharavi sold for Rs 700cr Sep 11, 2009
MUMBAI: While tony Cuffe Parade recently witnessed the countrys second highest apartment deal at Rs 93,000 a sq ft, a real estate goldmine is quietly developing at the other end of the island city ... According to sources both in the government and within the real estate industry, a few of the 14 shortlisted developers for the Dharavi project are backed by powerful state politicians. (India Times, India)
Manhattan was bought for $24 Sep 11, 2009
Yet it is the failure of Holland to hold on to that extraordinary piece of real estate, or even to foresee the island's importance, that overshadows Hudson's achievement. "No one, absolutely no one, knew that this little settlement would one day become New York," Martin Berendse, director of the National Archives of the Netherlands, said at a preview of the exhibition. (India Times, India)
Comment: Turn Bengal Around Sep 10, 2009
As it turns out now, land for the project was acquired through dubious means and one of the real estate promoters is in jail. The situation doesn't look very good for Bengal. (India Times, India)
Mumbai flat fetches record Rs 28 crore Sep 10, 2009
"This is a freak sale and a rare transaction in south Mumbai. Unfortunately, every time such a high value deal goes through there are a slew of builders and flat owners, who take advantage of this and jack up price of their own properties to ridiculous limits," said a real estate source. The 19th floor flat has a panoramic view of Marine Drive and Malabar Hill. (India Times, India)
Boeing: Asia Pacific now is biggest market Sep 10, 2009
Boeing says Asia Pacific region will need $1. 1T worth of planes - Puget Sound Business Journal (Seattle). (Puget Sound Business Journal, WA)
Top Five Investment Themes for the Rest of 2009 Sep 9, 2009
The top-performing asset classes have been emerging markets, timber and global real estate. With such strong bounces in the prices of alternative assets, Harvard and its rivals are in much better shape than they were just six months ago. (Human Events Online)
Global economic outlook still gloomy, says UN report Sep 8, 2009
"Tumbling profits in the real economy, previous overinvestment in real estate and rising unemployment will continue to constrain private consumption and investment for the foreseeable future," said the report. According to the report, the current crisis is unprecedented in depth and breadth, with virtually no economy left unscathed. (Xinhuanet, China)
Farmers take to streets as Doha trade talks start in India Sep 4, 2009
Indian farmers shout slogans at a rally against the World Trade Organization in New Delhi, Thursday. Trade officials from 35 countries are meeting in New Delhi for an informal Ministerial meeting. (Christian Science Monitor -- World)
50 fun facts about Hawaii as 50th star hits 50 Aug 31, 2009
The cheapest real estate being sold in the islands is on Loihi, the volcanic seamount slowly rising from the ocean floor southeast of the Big Island - still 3,100 feet underwater, and possibly 10,000 years from surfacing. Online pranksters, however, began offering lots at "Loihi Seaview Estates" for $39. (San Francisco Chronicle)
Frutarom Sales in the Second Quarter Reached US$ 106.7 M, With net Profit of US$ 10.1 M Aug 27, 2009
Their merger advances according to plans - Ori Yehudai, the President and CEO of Frutarom: "Frutarom will continue to determinedly act for the implementation of its rapid growth strategy, which combines organic growth and strategic acquisitions. We estimate that with the stabilization of the global markets, the moderation of the fluctuations in exchange rates in the world, the discontinuation of the inventory reduction trend and the gradual improvement in consumption, mainly in countries... (PR Newswire)
Supreme Court judges to disclose assets Aug 27, 2009
"Resolved further that every judge should make a declaration of all his/her assets in the form of real estate or investments (held by him/her in his/her own name or in the name of his/her spouse or any person dependent on him/her) within a reasonable time of assuming office and in the case of sitting judge within a reasonable time of adoption of this resolution and thereafter whenever any acquisition of substantial nature is made, it shall be disclosed within a reasonable time. "The declaration... (India Times, India)
Bangkok's surprising touch of India Aug 26, 2009
In fact, large chunks of real estate in this area are owned by Thai-Indians. On the other side of town, far from Sukhumvit's modern buildings and Western chain restaurants, Bangkok's official "Little India" borders the vast markets of Chinatown. (Atlanta Journal-Constitution -- Travel)
Sensex surges 3rd day in a row Aug 25, 2009
On the sectoral front, real estate gained the most, followed by consumer durables, FMCG and capital goods. Among the sensex shares, Tata Motors ended 5. (India Times, India -- Intl Business)
Axis Asset Management Aims to Be Among India's 10 Biggest Money Managers Aug 23, 2009
Lower costs including for real estate and hiring are conducive for setting up a new business, he added. Anand will seek to tap the client base at more than 550 cities across India where Axis Bank Ltd. has its branches. (Bloomberg)
India's biggest land deals Aug 20, 2009
DLF, Indias largest real estate developer, has emerged as the sole bidder for the 350 ... Mega land deals, however, are not new to the Indian real estate industry which has already witnessed many such deals in the past few years, particularly during the property boom of recent years. (India Times)
Norway's Oil Fund Investments Post Record 12.7% Advance in Second Quarter Aug 16, 2009
The fund has raised the limit it can hold in any individual company to 10 percent from 5 percent and plans to invest in real estate, as well as add investments in emerging markets such as Russia, India and China. The oil fund will focus on U.K. real estate and other Anglo-Saxon markets when it starts property investments relatively soon, Slyngstad said in an interview in Oslo. (Bloomberg -- Europe)
Stocks Rally On Housing, Fed News Aug 14, 2009
Before the open, the Chinese real estate firm delivered Q2 results that smashed views and guided Q3 sales well ahead of analysts' estimates. Salesforce. (Investors Business Daily)
Krugman Warns of Chinese Bubble Aug 13, 2009
There may be some even real estate bubbles in Asia resurfacing, which is frightening. So, people who were terribly burnt on the US real estate market are saying: Well, but this is Chinese real estate and it can't have the same problems, but of course, it can. (BusinessWeek)
Golden age for the Indian small investor? Aug 10, 2009
From mutual fund investments to putting money in stocks, buying an insurance policy, buying or investing in real estate or filing tax returns, all the deals that one can possibly think of are simple and painless. However, the flip side is that this is just the beginning and a lot remains to be done. (India Times)
Outsourcing Benefits U.S. Workers, Too Aug 3, 2009
50-an-hour job is considered very solid and real estate prices are low enough to allow someone to buy a house with this level of take-home pay. Plus, highly skilled workers can make much more. (BusinessWeek)
Find those perfect gifts in Truckee's shops Aug 3, 2009
And there are myriad options at nearby Northstar, where the real estate market crash has put some would-be residences in the rental pool. Studios start at $139, condos $175, and the new Hyatt Residence Club has two-bedroom condominium homes starting at $319. (San Francisco Chronicle -- Travel)
India's pockets of prosperity? Aug 1, 2009
India's pockets of prosperity. India's pockets of prosperity. (Christian Science Monitor)
India property giant DLF post 79% fall in profit Aug 1, 2009
NEW DELHI (AFP) - India's top real estate developer DLF on Friday posted a 79 percent plunge in first-quarter net profit, hit by a drop in demand for housing and commercial property, but said it saw signs of a rebound ... The real estate market has been hit by high borrowing costs, tighter credit and construction oversupply, especially at the high end buyers' confidence has been hit ... "The economy on the whole has been showing signs of recovery and activity in the real estate sector has picked... (Yahoo! Asia News)
Uganda: Why Indian and Chinese Firms Are Most Likely to Pay Bribes Jul 31, 2009
The sectors found the most affected by bribery were construction, public works contracts, real estate and property development, oil and gas, and mining. In these sectors, according to Transparency International, two types of bribery exist: the direct bribery of public officials to obtain contracts, and 'state capture', meaning efforts by firms to shape and influence the underlying rules of the game. (allAfrica.com)
> No golden age for construction profits, but costs are coming down Jul 30, 2009
Construction: No golden age for construction profits, but at least costs are coming down - The Business Review (Albany). for free extra services. (Albany Business Review, NY)
Gates Found.: $41M for India, Africa aid Jul 30, 2009
Gates Foundation gives $41M for Indian, African aid - Puget Sound Business Journal (Seattle). for free extra services. (Puget Sound Business Journal, WA)
India's new antipoverty measure: national ID card Jul 28, 2009
An Indian family cooks on a New Delhi street. The country is launching an ambitious bid to improve delivery of food subsidies by issuing a national identity card. (Christian Science Monitor -- World)
A carbon protection racket Jul 28, 2009
The Waxman-Markey bill's 'international offsets' amount to paying polluting countries not to pollute. By Steven Stoft and Daniel Kirshner. (Christian Science Monitor)
Gates Found. gives $80M for AIDS program Jul 24, 2009
Gates Foundation gives $80M for AIDS program in India - Puget Sound Business Journal (Seattle). for free extra services. (Puget Sound Business Journal, WA)
Here's How To Deepen the Recession Jul 24, 2009
Then to compensate for the poor wages they had sub prime mortgages so the real estate people could continue skimming off the top. money for nothing. (CBS News)
