Abstracts » Business, international

Bloated prices won't keep Southeast Asian builders afloat

Article Abstract:

Developers are urged to drop prices for residential and office space or risk heightened pressure from their respective banking industries. Developers report a drop in the number of closed deals and the number may drop further as homeowners and office tenants seek to withdraw their applications in favor of waiting for lower prices. Developers are helping one other maintain their prices despite reduced sales and increased risk of bad loans that may result in increased volatility of the real estate market.

Prices and rates, Southeast Asia

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U.S. Suburbia lies just behind gates of Shanghai links: manicured oasis near city's congestion attracts top corporate managers, prestigious investors

Article Abstract:

Shanghai Links is the newest real estate project in Shanghai, China that has caught the interest of several top corporate managers and investors. The project boasts of an American neighborhood concept complete with amenities such as an 18-hole golf course, an American International School, ranch-style houses and tree-lined streets. The project, however, has suffered from major setbacks including unfinished development of the golf course and first 50 houses as well as filling up troubles.

United States, Facilities & equipment, Contracts, Buildings and facilities, Shanghai, China, Sealand Housing Corp.

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Land sale in Hong Kong spurs intense bidding

Article Abstract:

Hong Kong's first land auction since the handover exceeded expectations and sold for $716.8 million. The upscale land sale helped placate an apprehensive Hang Seng Index as well as proved that the luxury-home market is still viable. Still, analysts claimed the sale was not a true measure of the mass residential market, which many see is capable of dropping by 10% to 15% since the government vowed to boost the supply of new houses.

Finance, Hong Kong

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