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Buying a house is mission impossible for many Americans

Buying a house is mission impossible for many Americans

Home for sale. To become the proud owner, simply make a quick offer, and outbid all interested buyers by US$100,000. In the red-hot US housing market, homebuyers are facing sticker-shock as prices have soared, and now they also have been hit with a surge in borrowing rates. “I’ve visited approximately 150 houses since 2019,” frustrated...

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EcoWorld International has received “large offers” from investors for its projects in the UK and Australia

EcoWorld International has received “large offers” from investors for its projects in the UK and Australia

Eco World International Berhad (EcoWorld International) has received several “large offers” for its projects in the United Kingdom (UK) and Australia from institutional and retail investors. According to the company’s president and chief executive officer, Datuk Teow Leong Seng, the offers are currently being evaluated. “Should we decide to proceed with these offers, our plans...

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NagaCorp continues with Naga 3, its third casino project in Cambodia despite setbacks in Russia

NagaCorp continues with Naga 3, its third casino project in Cambodia despite setbacks in Russia

NagaCorp Ltd will continue building its third casino, Naga 3, within the NagaWorld complex in Phnom Penh, Cambodia, while suspending operations in Russia following the war with Ukraine. The Cambodian hotel and casino complex operator announced last week that it had halted construction of the Naga Vladivostok gaming and resort development complex in Russia, which...

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Hong Kong Office Market Enjoys Stronger User Demand

Hong Kong Office Market Enjoys Stronger User Demand

According to JLL’s latest Hong Kong Property Market Monitor Report, overall Grade A office leasing activity recorded net absorption of 647,100 square feet in January 2022, just before the pandemic took a turn for the worse. Hong Kong’s office market recorded positive net absorption for the fourth consecutive month, thanks to improving occupier demand and...

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Apartment prices in Tokyo exceed bubble-era high to hit record

Apartment prices in Tokyo exceed bubble-era high to hit record

The price of new apartments in Tokyo toppled a 30-year-old record in 2021 as rising demand from dual-income households and increasing construction costs boosted the Japanese capital’s once-moribund housing market. The mean price of new condos in the Japanese capital and surrounding areas hit 62.6 million yen (US$550,000) last year, topping the 61.2 million yen...

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i-City and China Mobile to build the country’s first smart green corporate tower

i-City and China Mobile to build the country’s first smart green corporate tower

i-City Properties (i-City) will collaborate with China Mobile International (CMIM) to construct the country’s first smart green corporate tower in i-City, Malaysia No. 1 technology city. According to Monica Ong, director of i-City, the corporate tower will be outfitted with 5G internet-enabled cameras and sensors to monitor the environment, energy consumption, and human traffic flow...

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Google Spends Billions On Buying Office Buildings: Is This A Sign Of The Post-Pandemic Pushback Against Remote Work?

Google Spends Billions On Buying Office Buildings: Is This A Sign Of The Post-Pandemic Pushback Against Remote Work?

In light of the surge of Omicron, a large number of companies, across all sectors, have pushed back their return-to-office plans. After enduring a nearly two-year pandemic, it would seem that business executives would give up on telling people to return to an office setting. Goldman Sachs, the top-tier investment bank and one of the...

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China local land sales fall just as Beijing calls for spending

China local land sales fall just as Beijing calls for spending

Most Chinese local governments saw revenue from land sales fall in 2021, damaging their budgets just as Beijing calls for faster spending to counteract a housing-market slowdown and pull the economy out of a downturn. Thirteen of China’s 31 provinces saw income from selling land-use rights drop more than 20 per cent in 2021 from...

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Asia Pacific office market expected to be upbeat next year: C&W

Asia Pacific office market expected to be upbeat next year: C&W

SINGAPORE (Dec 14): Singapore, Japan, and South Korea are predicted to experience “above-average growth in 2022” driven by strong demand for exports, says Cushman & Wakefield report entitled Catch 22 — Asia Pacific Commercial Real Estate Outlook 2022. C&W expects the Asia Pacific economy to regain its position as the highest-growth economy with an expected...

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