Property News Summaries

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International real estate news articles worth reading in the past week in our opinion:

Malaysia’s biggest property developers; Maxisegar & MK Land who account for 37 percent of outstanding corporate bonds worth $5.4 have had their debt ratings lowered by The Central Bank – Bank Negara Malaysia. [IHT]

In the US, Seattle’s metro area has been ranked as the No. 1 most desirable place to buy and own office property in the US by 600 real-estate professionals [Seattle Times].

Top international property consultancy, Colliers have been appointed by India´s leading real-estate developer, DLF Ltd., to offer retail development consultancy on its flagship shopping centres, Mumbai Mall and Mall Of India. The Indian retail real estate market has a predicted double digit growth rate, with more than 300 shopping centres expected to come on line by 2010 [AME Info]

In Hongkong, HSBC (Hongkong & Shanghai Banking Corp.) said it will cut its prime lending rate, to 7.75% from 8.00% revive HK’s moribund property market [MarketWatch]

India is looking forward to Morgan Stanley’s biggest ever property fund that is going to pour in US$8billion (US$2billion of which will be invested in India & China), [Moneycontrol India]

There has been suprising growth in The Czech Republic’s commercial real estate sector with office, retail, logistics & warehousing space experiencing record level rents and sales [Czech Business Weekly]

According to the Central Bank of Bahrain, bank credit to Bahrain’s private sector hit a record high in June with loans to construction and real estate growing 50 per cent from a year earlier. [The Peninsula – Qatar]

Have a great weekend guys! :)