This week’s International Property News in 1 minute
Posted By Overseas Property Mall On November 10, 2006 @ 5:26 pm In Property Industry News,Property News Summaries | No Comments
International real estate news articles worth reading in the past week in our opinion:
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 [2] [Seattle Times].
Top international property consultancy, Colliers [3] have been appointed by India´s leading real-estate developer, DLF Ltd [4]., 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 [5], with more than 300 shopping centres expected to come on line by 2010 [AME Info [6]]
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 [7] [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) [8], [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 [9] [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 [10]. [The Peninsula - Qatar]
Have a great weekend guys! 
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[1] 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.: http://www.iht.com/articles/2006/11/08/bloomberg/sxasia.php
[2] 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: http://seattletimes.nwsource.com/html/businesstechnology/2003375370_uli09.html
[3] Colliers: http://www.ameinfo.com/cgi-bin/cms/jump.cgi?ID=101182
[4] DLF Ltd: http://www.dlf-group.com/
[5] The Indian retail real estate market has a predicted double digit growth rate: http://www.economist.com/cities/displaystory.cfm?story_id=4323193
[6] AME Info: http://www.ameinfo.com/101182.html
[7] 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: http://www.marketwatch.com/news/story/story.aspx?siteid=mktw&guid=%7B7101C411-E2F4-4970-BB48-5F6A8275C21E%7D
[8] 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): http://www.moneycontrol.com/india/news/business/morganstanleymantridevelopers/morganstanleysgoteyeindia/market/stocks/article/249661
[9] 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: http://www.cbw.cz/phprs/2006110607.html
[10] 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: http://www.thepeninsulaqatar.com/Display_news.asp?section=Business_News&subsection=market+news&month=November2006&file=Business_News200611068952.xml
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