Real estate industry
Japan's top general contractors are expected to win significantly fewer condominium orders this fiscal year, with combined orders projected to drop by 30% from 2007 levels, totaling 846 billion yen (US$8.6 billion). The decline is largely attributed to a decline in demand following a series of
Real estate industry
Sunderland City Council, Housing 21, and Frank Haslam Milan (FHM) have marked the start of work on a £5.5m extra care housing development for older people with a ground-breaking ceremony. The Woodridge Gardens project, located on the site of the former Woodlands Residential Home in Oxclose Road, Washington, will
Real estate industry
The American Recovery and Reinvestment Act of 2009, signed by President Barack Obama, aims to revitalize Florida's housing market with a boost of almost $79 billion in economic stimulus proposals. One key provision targets first-time homebuyers with an $8,000 tax credit, aiming to stimulate the state'
Real estate industry
The F-35 Joint Strike Fighter, manufactured by Lockheed Martin Corp, has received expressions of interest from Finland and Belgium, marking the latest countries to engage with the Pentagon about potential purchases. The F-35 is a multinational fighter aircraft under development with financing from the United States and eight other countries.
Real estate industry
The Penang state government has announced plans to participate in the 38th Medan Fair in Pekan Raya, northern Sumatra, from March 20 to April 15, with the aim of promoting the state's products and drawing Indonesian investors to Penang. The fair will showcase a range of sectors, including
Real estate industry
The recent devaluation of the Kazakh currency, the tenge, has sent shockwaves through the Almaty real estate market, creating uncertainty for buyers and sellers alike. According to Nina Lukyanenko, the director of DIXL, a local real estate agency, the market was initially slow to react to the devaluation, with prices
Real estate industry
Minnesota nonprofit housing agencies are welcoming the recent announcement of a $75 billion mortgage relief plan, which they see as a step in the right direction to address the foreclosure crisis. The plan aims to help homeowners still current on their payments but at risk for default by reducing their
Real estate industry
Fitch Ratings has dealt a fresh blow to the troubled Parsvnath real estate developer, downgrading its ratings by two notches in recognition of the company's struggling operating performance and the stagnant housing market. According to Fitch, the prolonged housing downturn is expected to continue in 2009, exacerbating the
Real estate industry
The Indonesian automotive industry is bracing for a significant decrease in output, ranging from 30 to 50%, due to a sharp decline in orders. The Chairman of the Association of Indonesian Businessmen (Apindo), Sofjan Wanandi, attributed the downturn to the government's failure to implement its promised stimulus package,
Real estate industry
Real estate couple Robert and Loraine Dyson, known for their high-end property deals and charitable foundation, have filed for bankruptcy amid the economic downturn. The couple, who once boasted annual sales of over $1 billion and owned a $7 million estate in Rancho Santa Fe, have estimated their debts at
Real estate industry
The National Association of Realtors has been strongly advocating for legislation that would permanently ban large national banks from entering into real estate brokerage and property management, citing concerns over the potential devastating impact on the nation's economy. Senators Barbara Boxer and Richard Burr have introduced the Community
Real estate industry
As the Vietnamese real estate market remains frozen and shows no signs of recovery, many businesses have turned to foreign markets for investment opportunities, marking a significant change in their development strategies. The Housing and Urban Development and Investment Corporation (HUD) has taken a pioneering approach by partnering with Cuba&
