World news

Expert predicts sustainable property prices by 2009

Expert predicts sustainable property prices by 2009. The next wave of supply coming in 2009 and 2010 may help bring stability to the Dubai market, says MAG Group Property Development.

Manhattan second-quarter apartment sales drop most since 1998

Manhattan apartment sales dropped the most for a second quarter since 1998 and unsold inventory approached an eight-year record, two signs prices may be poised to drop in the nation's most expensive urban housing market.

Singapore home prices show smallest rise in four years

Singapore's private home prices rose at the slowest pace in almost four years in the second quarter, the government said, signaling a real estate boom that began in 2004 may be coming to an end.

Malaysia: Growing shortage of materials a main concern for housing industry

With spiralling construction costs and more than a dozen ongoing projects to complete, Glomac Bhd group managing director Datuk F.D. Iskandar has every reason to be concerned.