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
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. This is the second phase of the Astoria Energy
Real estate industry
The Mobile Flyer, a Jacksonville-based mobile marketing and technology firm, has launched its mobile messaging service for Real Estate Agents and Brokers. This move is part of the company's mission to "Expand the Reach of Real Estate" by providing modernized market approaches and driving real-time leads.
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
Real estate industry
As the real estate market slowly recovers, developers are turning to unconventional methods to sell their luxury properties, including auctions. In Oceanside, California, the developer of the Oceanside Terraces condominium project is auctioning off 29 unsold units, with starting bids ranging from $295,000 to $625,000. This move is
Real estate industry
Apartment Analytics Software, LLC, a leading provider of easy-to-use, Excel-based real estate investment software, has announced the release of its single-family version, the iProfit Analyzer(TM). This innovative tool is designed for real estate investors focused on single family homes, town homes, and condos. With home foreclosures reaching record highs,
Real estate industry
Australian building giant Meriton's large apartment block development in western Sydney has been halted due to environmental concerns surrounding contaminated soils. The Construction Forestry Mining Energy Union (CFMEU) claims that up to 100 construction workers have been stood down from the site at Rhodes, in Sydney's
Real estate industry
Beverly Hills-based Shapell Industries, a parent company of S&S Construction and Shapell Homes, has maintained profitability despite the severe housing market downturn. Contrary to other developers that have filed for bankruptcy or ceased operations, Shapell has continued to build and sell homes, with evidence of a robust market
Real estate industry
Taisei Corp., Kajima Corp., Obayashi Corp., and Shimizu Corp., Japan's largest general contractors, are bracing for lower profits from real estate development operations due to a decline in market prices. In response to declining profit margins in construction, these companies have increasingly turned to real estate development as
Real estate industry
The South Korean government has announced plans to extend tax breaks aimed at boosting the country's real estate market, which has been hurt by a global downturn. The Ministry of Strategy and Finance and Ministry of Public Administration and Security have agreed to maintain the 50% cut on
Real estate industry
Industry bodies NAREDCO, CREDAI, and FICCI have submitted a pre-budget memorandum to the Housing and Urban Poverty Alleviation Ministry, urging the government to reintroduce section 80IB (10) of the Income Tax Act for the housing sector. This move would grant 100% tax exemption on income from housing projects with a
