APRIL 2013 |
www.opp-connect.com
NEWS
WORLD ROUND-UP | 07
1 - CHINA
Fears over housing market Two leading economists are warn-
ing that the Chinese economy is show- ing similar signs to those that led to America’s 2008 housing crisis. High property prices, a rapid in-
crease in leverage and a fall in growth potential are warning signs that cannot be ignored, say Zhiwei Zhang and Wendy Chen, from the Nomura financial services company.
2 - HONG KONG
Global house prices rise 4.3% The world’s housing markets have
improved by 4.3% during 2012 on average led by Hong Kong, Dubai and Brazil, according to new data. As well as the annual increase, the
Knight Frank Global House Price Index rose by 0.3% on average in the final quarter of 2012. Of the 55 housing markets it tracks, 20 saw prices fall in 2012, down from 25 the previous year.
8 - NEW ZEALAND
Survey refutes rumours The latest housing sector statis- tics in New Zealand do not support rumours that Chinese buyers are pur- chasing properties in large numbers, it is claimed. Instead, the most active overseas
property investors in the Auckland area are Britons, according to the latest NZ-REINZ Residential Market Survey.
10. DUBAI
10-storey ‘fl ower tower’ Proposals for a skyscraper covered in trees and plants, which creates the impression that residents are surrounded by a forest, are being un- veiled in Dubai. The aim is to create a calming atmosphere for the residents with the gentle rustling of bamboo and a defused light filtering through the foliage. It also has a glass elevator on the outside allowing light into the common areas.
6 - PAKISTAN First island city
A US$20billion agreement has been signed for Pakistan’s fi rst ever Island City, which will include the world’s tallest building and largest shopping mall. Bundal & Buddo Islands, Karachi, are being masterminded by Thomas Kram- er and Bahria Town, and will house a population of one million, help create 2.5 million jobs, and boost 55 national Industries, it is claimed.
4 - INDIA
India to outstrip China India is likely to outstrip China in the long-term, including in development and economic growth, says a property analyst. The comments have come after a
report from the Royal Institution of Chartered Surveyors (RICS) suggested that China, India and Brazil were likely to enjoy the highest real estate growth over the next decade.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68