Headlines

Canadian urban existing home sales softer in first half of 2008

Ottawa - Canada's urban real estate market saw existing home sales rise marginally in June, but sales in the first half of 2008 continue to be off the pace set in 2007.

UK commercial property fell 2 pct in June

Commercial property values in Britain sank by a bigger-than-expected 2 percent in June, extending the market's slide to more than 19 percent since it peaked a year ago, key data showed on Friday.

Work starts on Thang Long apartment, office complex

Three local firms and one Korean company yesterday commenced work on a 14-story apartment, office and retail building in HCMC capitalized at some US$32 million.

Home sales forecast to plunge in '08

Sales of residential houses in this southern city are forecast to plunge this year to the level 10 years ago as homebuyers and investors continue to adopt a wait-and-see attitude as prices nosedive.

U.K. house-price drops stay close to most widespread since 1978

U.K. house-price declines in June stayed close to the most widespread since the Royal Institution of Chartered Surveyors started measuring the property market in 1978, pushing the country closer to a recession.