Bangkok – 27 February 2009 – Two of the ten largest transactions in the history of the Bangkok office market, including the largest ever, have been completed in the past three months, despite the fact that the Asian office markets entered a downward cycle in the fourth quarter, according to CBRE Research.
Archive for February, 2009
Press Release: Large Deals Continue In Bangkok Office Market
by Overseas Property Mall on Saturday, February 28th, 2009 in Property & Real Estate Press Releases
Cyprus Property Title Deeds Continues To Spark Confusion
by OP-Mall on Friday, February 27th, 2009 in Cyprus Property
A new ruling by the European Court of Justice in Luxembourg might put a lot of expat property owners in Northern Cyprus into financial hardship as they might be forced to pay thousands of pounds in damages to the original land owners, the Greek Cypriots.
Most Expensive Home Villa Leopolda Still On The Market
by OP-Mall on Thursday, February 26th, 2009 in Billionaire Homes, French Property
Mikhail Prokhorov, Russia’s richest man had to pull out on the much reported deal to purchase Villa Leopolda, a $750 million estate in Côte d’Azur, the South of France after seeing a good portion of his amassed fortune lost in the current global recession.
A Quick Guide For Foreigners Wanting to Invest In Mexican Real Estate
by VivaReal Network on Wednesday, February 25th, 2009 in Buying Property, Mexico Property
More and more foreigners, coming mainly from the US and Canada but others coming from Europe and other areas, have been buying up Mexican property despite economic turmoil and uncertainties in most parts of the world. Sales of both restricted as well as non-restricted property have been continuous in Mexico and more and more people are seeking expert advice on foreign investments and foreign home ownership in this tropical country in general.
10 Most Expensive Cities to Own a Home
by OP-Mall on Tuesday, February 24th, 2009 in Billionaire Homes, Buying Property, London Property, Luxury Property, Monaco Property, Moscow Property, Mumbai Property, New York Property, Property in Paris, Rome Property, Singapore Property, Tokyo Property
Provided you have the spare cash-flow and fancy a spot of sea change, then you might like to invest into a second home somewhere more exciting and away from home. But with investment usually comes cost and lifestyle change and we wonder, if it is really worth it?
Only those who have taken the plunge know this with certainty, for all others you can dream on by looking at the world’s most expensive cities to own a home. Compiled by the guys from Global Property Guide.
Press Release: Asian REITs Suffer Record Fall In Second Half 2008
by Overseas Property Mall on Tuesday, February 24th, 2009 in Property & Real Estate Press Releases
Bangkok – 23 February 2009 – Asian REIT markets suffered their deepest ever fall in the second half of 2008 as the global financial tsunami intensified and the availability of credit was further squeezed following the September collapse of Lehman Brothers, according to CB Richard Ellis’ 2H 2008 REITS Around Asia publication. Although the onset of a major downward cycle in Asian property markets was observed towards the end of the year, the impact of the weakened market fundamentals on REITs has been less serious as compared to basic investor concerns over whether Asian REITs generally can continue to obtain sufficient financing to ensure their survival during this tumultuous period.
International Property News Beat – Beijing Bust, Malaysian Billionaires & UK Property Jobs
by Overseas Property Mall on Monday, February 23rd, 2009 in Property News Summaries
- Beijing’s Olympic building boom becomes a bust [LA Times]
- UK – Door slams shut on property jobs [Sunday Times]
- Commercial Property Prices in U.S. Fell 15% in 2008 [Bloomberg]
- A Dubai Deal Called Into Question as Boom Ends [Wall Street Journal]
- Hong Kong Luxury Rents Fall to 2-Year Low on Supply [Bloomberg]
- Wealth of Malaysia’s top 40 tycoons down US$21.3b [AsiaOne]
- UAE Freehold property owners to get residency [The National]
- Amy Winehouse looking for a house in St. Lucia [Jewssip]
Aspen Sotheby’s To Be Taken Over By Morris & Frywald
by OP-Mall on Monday, February 23rd, 2009 in Aspen Colorado Property, United States Property
Aspen, Colorado’s prominent real estate firm Aspen Sotheby’s International Realty closed their doors to business on Feb 13th and have now been taken over by Morris and Fyrwald Real Estate.
This comes as a huge shock in the industry. With major player like Aspen Sotheby’s going bust people are starting to get worried. After the demise of Coates, Reid and Waldron, another big player that was acquired by Joshua & Co, was announced earlier this month, the Sotheby acquisition is proving to be the second major shake-up in the glittering resort town of Aspen, Colorado.
Twitter Weekly Updates for 2009-02-22
by Overseas Property Mall on Sunday, February 22nd, 2009 in Property News Summaries
Press Release: Cityscape Asia offers investors some eastern promise
by Overseas Property Mall on Friday, February 20th, 2009 in Property & Real Estate Press Releases
World’s largest B2B real estate investment & development event brand returns to Singapore – cash rich investors now looking for bargain buys
The global property world is turning its attention to Asia with investors hoping 2009 will be the year to begin picking up potentially ‘undervalued’ assets ahead of regional economies emerging from the global financial crisis, say the organisers of the world’s biggest international real estate investment event.
