Monthly Archives: May 2011

China’s Property Market Cooling

More cities see home prices drop or remain unchanged as policies bite BEIJING – More cities reported lower or unchanged real estate prices in August than in July, the National Bureau of Statistics (NBS) said on Sunday, in the latest … Continue reading

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UK Home Repossessions Surge 15%

A total of 9,100 UK homes were repossessed in the first quarter of 2011, an increase of 15 percent from the previous quarter, according to the Council of Mortgage Lenders (CML). This figure is 10 percent lower compared to the … Continue reading

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China’s Home Sales Value Down 21%, Says New Data

The transaction value of homes sold in China dropped 21 percent in April, after the central government expanded its cooling measures to curb the risk of asset bubbles. Based on Statistics Bureau data, China’s home sales transaction value fell to … Continue reading

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France To Slap Tax On Foreign-Owned Second Homes

PARIS : France is to hit non-resident owners of 360,000 second homes – many of them British or Dutch – with a new tax equal to 20 percent of the properties’ rental value, under a draft law unveiled on Wednesday. … Continue reading

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HK Luxury Residential Sites Sparks Bidding War Among Developers

HONG KONG: The public land auction was jam-packed, with three residential sites sparking a bidding war among developers. Putting up more sites for sale is part of the government’s bid to boost land supply, to tame heated property prices. But … Continue reading

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Residential Site Opposite Parkway Parade Up For Sale

SINGAPORE: A residential site sitting on a land area of about half a football field opposite Parkway Parade is up for sale by tender. The 47,400 square foot site on 37 East Coast Road holds a 113-year-old former beachside villa … Continue reading

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Risk Of Major Economic Crisis If US Bonds Loses AAA Rating: GIC

SINGAPORE: Government of Singapore Investment Corporation (GIC) Deputy Chairman Tony Tan said on Monday a major financial and economic crisis could erupt if U.S. bonds loses its triple A credit rating in a disorderly manner, while significant structural problems still … Continue reading

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