News

UK: Rented homes more valuable than commercial property

The value of the housing stock in the UK private rented sector now exceeds that of all privately-owned commercial property, a new report finds.

India: realty PEs to execute real estate projects on their own

Private equity (PE) funds in the real estate space are starting to don the developers’ hat. Funds such as Trikona Capital, South Asian Real Estate (SARE) and Yatra Capital have started to create in-house teams that can execute real estate projects on their own.

Australia: Property nearing once-in-100-year slump

Plummeting property values have prompted warnings Australia is heading for a one-in-a-100-year real estate slump. New figures from property analyst Residex showed house and unit prices in nearly every city and country centre fell last month. The last time all states fell at the same time was just before the Great Depression.

City to bless US$200-mil. Horizon Place project today

Aseana Properties Group from the British Virgin Islands and its partner Binh Duong Corporation today will obtain an investment certificate from the HCMC government to develop a US$200-million real estate complex project in the city's District 4.

Firm balks at suspension of parking project

Dong Duong Co. Ltd., which won the rights to build and operate an underground parking lot in Lam Son Square in District 1, has been stunned by the news that the HCM City People's Committee has decided to suspend the project for safety reasons.