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This week’s International Property News in 1 minute

by Overseas Property Mall on Friday, November 10th, 2006 in Property Industry News, Property News Summaries

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! :)

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