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
Coimbatore, Tamil Nadu's second fastest developing industrial city, is witnessing high-quality real estate development as local and national builders expand aggressively to capitalize on the emerging favourable market conditions. A recent study by Jone Lang Lasalle highlights the city's potential for growth, driven by its textile
Real estate industry
The California Association of Realtors (C.A.R.) has partnered with Seek Mobile Interactive (SMI) to develop applications for smartphones that enhance the Realtor value proposition in the mobile computing environment. The new company, Real Estate Mobile Technologies LLC (REMT), will develop the initial product offering, "My C.A.
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
JEMB Realty, a privately-held real estate and energy investment firm, has participated in the closing of a $1.5 billion debt and equity financing of Astoria Energy II LLC, a 550 MW natural-gas-fired power plant in Astoria, Queens, New York City. The facility will double the size of the Astoria
Real estate industry
Realty Income Corporation, a New York Stock Exchange real estate company, has announced that its Board of Directors has declared a common stock dividend of $0.142375 per share, payable on August 17, 2009 to shareholders of record as of August 3, 2009. This represents an annualized amount of $1.
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
