Real estate industry
A recent marketing mission by Malaysia's MATRADE to Vietnam has unveiled RM102 million (US$28.8 million) in potential construction business opportunities, particularly in the construction of resorts, residential, and commercial buildings, among others. The mission, led by MATRADE Chief Executive Officer Noharuddin Nordin, aimed to showcase Malaysian
Real estate industry
Taiwanese Premier Liu Chao-shiuan has agreed to allow state-owned banks to cancel outstanding mortgage balances for borrowers whose homes were completely destroyed or washed away during Typhoon Morakot. The decision aims to provide relief to affected individuals and families, particularly farmers and aquaculture operators who tend to mortgage their land
Real estate industry
The global economy is showing signs of recovery, with various sectors experiencing significant growth and positive trends. Ben Bernanke, the U.S. Federal Reserve chief, has signaled that a global recovery is at hand, although growth is expected to be sluggish and unemployment persistent. Meanwhile, sales of previously owned U.
Real estate industry
Base metals on the London Metal Exchange traded higher due to the US dollar's weakness and higher-than-expected US home sales figures. The US economy, and that of other countries, is showing signs of stabilizing, according to US Federal Reserve Chairman Ben Bernanke. This sentiment boost has driven up
Real estate industry
The Edinburgh City Council has announced that the construction of a new Castlebrae Community High School in Craigmillar will be delayed until 2018 at the earliest, citing the economic downturn and reduced demand for housing in the area. This setback comes as a blow to the Craigmillar regeneration project, which
Real estate industry
A major housing development is set to transform northeast Glasgow's landscape, providing homes for families cleared from the notorious Red Road flats. The £27 million project will deliver 122 new homes on a 16-acre site on Broomfield Road, with construction starting this month and expected to take 16
Real estate industry
The nation's housing market received positive news with the Case-Shiller index showing a monthly increase in 13 of 20 cities, but market watchers caution that prices are still declining due to foreclosures and rising unemployment. The recent good news comes on the heels of a 11 percent increase
Real estate industry
China's listed companies may invest in the stock and real estate markets using part of the bank lending they have received, according to a report by the Ministry of Finance's accounting department. This move could lead to asset bubbles and inflation, introducing uncertainty into China'
Real estate industry
Malaysian Ambassador to Morocco, Othman Samin, has emphasized the need for more Malaysian companies to invest in Morocco's booming construction industry, particularly in the housing sector. The ambassador highlighted the success of Kausar Corporation, a flagship company of the Al-Hidayah Group of Companies, which is building houses in
Real estate industry
South Korea's financial regulator is taking a cautious stance on the country's rapidly rising housing market, warning of a potential bubble and urging local banks to rein in their mortgage lending. The Financial Services Commission, led by Chairman Chin Dong-soo, has strengthened home-backed lending rules to
Real estate industry
The discussion surrounding tax incentives for owner-occupied housing is intricate and influenced by various factors. In a panel discussion at the Brookings Institute, expert analysts explored the nuances of the mortgage interest deduction, its effects on households, and potential policy changes to improve its fairness and effectiveness. Key statistics highlight
Real estate industry
The Bangladeshi city of Chittagong is facing a severe environmental threat due to the rapid disappearance of its water bodies, including ponds, which are being filled up for commercial and residential purposes. According to researchers, there were approximately 16,000 ponds and water bodies in and around the city 28
