News

London office prices to fall further, developer says

Great Portland Estates Plc, a property company focused on central London with assets of more than 1.5 billion pounds ($3 billion), said prices for offices and stores in the city will probably fall further as purchases become harder to finance.

China's urban housing prices up 9.2% in Q2, rents up 2.2%

Second-quarter housing prices in 70 large and medium-sized Chinese cities rose 9.2 percent year-on-year, said the National Development and Reform Commission and the National Bureau of Statistics on Monday.

Vincom to issue international convertible bonds

Vincom Joint Stock Company, one of Vietnam's leading real estate firms, has plans to issue convertible bonds on the international market and trade the firm's shares on a foreign stock exchange, a top executive said yesterday.

VNSTEEL plans mill in Binh Dinh

Vietnam Steel Corporation, or VNSTEEL, expressed keen interest in building a large-scale steel mill in the central province of Binh Dinh, telling provincial leaders on Saturday that it would spend US$500 million to build the one-million-ton mill there.

Market towns prove most desirable

Homebuyers are proving the enduring appeal of the quintessential market town, pushing prices for property ever higher. According to research from Halifax, some 67 percent of the towns – which are defined as those with a population of between 3,000 and 30,000 inhabitants – attract higher average property prices than neighbouring conurbations.