(AFX UK Focus) 2010-05-24 04:03 China shares rise 3 pct, property surges

Posted by property | Posted in Real Estate | Posted on 24-05-2010-05-2008

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(AFX UK Focus) 2010-05-24 04:03 China shares rise 3 pct, property surges
SHANGHAI, May 24 (Reuters) – China’s key stock index surged more than 3 percent on Monday, buoyed by a surge in property shares after a local media report quoted a government official as saying a new property tax recently under discussion would not be implemented within the next three years. The Shanghai Composite Index rose as high as 2,665.8 points, its highest in more than a week and …
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Moody’s: Negative Outlook For Arabian Gulf Property Driven By Supply-Demand Imbalance
DIFC, May 24, 2010 — The supply-demand imbalance remains a key driver of the continued negative outlook for the property industry in the Arabian Gulf, says Moody’s Investors Service in a new Industry Outlook report.
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