Real estate industry
The Commonwealth Bank of Australia is increasing interest rates on its fixed rate mortgages, despite widespread criticism from the government and industry players over the banking sector's failure to pass on the full amount of interest rate cuts to customers. The bank's move comes as the
Real estate industry
Australia's recent interest rate cuts have led to a housing market boom, with Sydney property prices increasing by 1.3% and Melbourne by 1.1% in the last quarter alone. These low interest rates have created an environment where borrowers can take advantage of low variable rates, but
Real estate industry
As gold prices continue to rise and investor interest grows, mutual fund houses are seizing the opportunity to launch gold-related schemes. Kotak Mutual Fund is set to introduce its second gold fund, while Sundaram BNP Paribas AMC and SBI Funds Management are gearing up to add gold fund products to
Real estate industry
In a premier event of real estate auctions in the country, J. P. King Auction Company, the leading real estate auction marketing firm, is set to host the developer close-out sale for Villas at Sabino Canyon in Tucson, Arizona. The sale will feature 58 high-end condominiums, with 16 units being
Real estate industry
Researchers at CoStar Group, Inc., a leading provider of commercial real estate information, have made a groundbreaking discovery on the economic benefits of green buildings. The study, "Does Green Pay-off?", co-authored by Andrew Florance, CEO of CoStar Group, and Jay Spivey, Senior Director of Research and Analytics, found
Real estate industry
The Reserve Bank of Australia (RBA) sees scope to cut interest rates further if needed, with domestic economic growth expected to fall in 2009 due to a global economic downturn. RBA deputy governor Ric Battellino said Australia was better placed to ride a revival in the global economy, with some
Real estate industry
China's Ministry of Finance and Ministry of Housing and Urban-Rural Development have jointly launched a solar photovoltaic (PV) roof plan, granting a 20 yuan/watt-peak subsidy to eligible solar PV projects. The subsidy can cover more than 30 per cent of the cost, with a total budget of
Real estate industry
The Middle East region is taking a serious stance against the environmental impact of buildings, with construction projects accounting for 50 per cent of regional carbon emissions. Dubai Electricity and Water Authority (DEWA) is at the forefront of the movement, hosting a conference program at the 11th Water Technology, Energy
Real estate industry
The North Kesteven district council in the UK is set to become the first local authority to build homes from straw, with the villages of Martin and Waddington earmarked for two semi-detached homes designed by specialists Amazonails. The high insulation levels and reduced building costs of straw as a construction
Real estate industry
SL Green Realty Corp., a self-administered and self-managed real estate investment trust (REIT), has announced the declaration of a dividend of $0.375 per share of common stock for the quarter ending March 31, 2009. The dividend is payable on April 15, 2009, to shareholders of record at the close
Real estate industry
Developers Diversified Realty, the nation's leading owner, developer, and manager of market-dominant shopping centers, declared its first quarter 2009 Preferred Class H stock dividend of $0.460938 per depositary share and Preferred Class I stock dividend of $0.46875 per depositary share. These dividends cover the period from
Real estate industry
Tourism Development & Investment Company (TDIC), the master developer of Abu Dhabi's key cultural, residential, and tourism destinations, has received triple-A credit ratings from Moody's, Standard & Poor's, and Fitch Ratings, solidifying its strong financial position backed by the Abu Dhabi Government. This high
