Philippine Property Stock Valuations May Rise on REITs, First Metro Says

Posted by property | Posted in Real Estate | Posted on 28-07-2010-05-2008

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Philippine Property Stock Valuations May Rise on REITs, First Metro Says
The Philippines’s plan to offer tax breaks for real estate investment trusts may boost the valuation of property stocks and offer a new avenue for fundraising, according to the nation’s second-best performing fund manager.
Read more on Bloomberg

Property to keep on booming, says expert

Posted by property | Posted in Real Estate | Posted on 23-07-2010-05-2008

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Property to keep on booming, says expert
Commercial property rents will double and residential property prices will rise by up to 40 per cent during the next four to five years, economists say.
Read more on Business Day

Property Prices May Tumble 30 Percent in China as Growth Slows, Nikko Says
China’s property prices may drop as much as 30 percent and economic growth will slow below 8 percent following government measures to cool the real-estate market, according to Nikko Cordial Securities Inc.
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China May Start Property Tax Trials in Some Cities in 2012, Netease Says

Posted by property | Posted in Real Estate | Posted on 21-07-2010-05-2008

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China May Start Property Tax Trials in Some Cities in 2012, Netease Says
China plans to start implementing a property tax in 2012 on a trial basis, the 163.com website run by Netease said in a report today, citing a finance ministry meeting in Beijing.
Read more on Bloomberg

AMB Property Corporation® Announces Second Quarter 2010 Results
AMB Property Corporation® , a leading owner, operator and developer of global industrial real estate, today reported results for the second quarter 2010. Funds from operations, as adjusted, per fully diluted share and unit was Property/casualty rates drop in latest quarter: CIAB
Commercial property/casualty insurance rates dropped an average of 6.4% during the second quarter this year, according to the Council of Insurance Agents & Brokers’ “Commercial P/C Market Index Survey” released Monday.
Read more on Business Insurance


.30 for the second quarter of 2010, as compared to .37 for the same quarter in 2009.
Read more on PR Newswire via Yahoo! Finance

Cathay Life to Sell China Property Insurer Stake, Commercial Times Says

Posted by property | Posted in Real Estate | Posted on 17-07-2010-05-2008

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Cathay Life to Sell China Property Insurer Stake, Commercial Times Says
China Life Insurance Co. plans to sell its stake in a property insurance venture in China, the Commercial Times reported, without saying where it got the information.
Read more on Bloomberg

Westport assessors office says property meets tax break guidelines
Town assessors are defending farming tax breaks for the property in the woods off American Legion Highway being investigated for animal cruelty and building and other violations. The land qualifies under a state law because it has pasture land, Board of Assessors Chairman Stephen Medeiros said Friday.
Read more on Fall River Herald News

Shanghai’s Fang Says China Should Start Property Tax, Securities Reports

Posted by property | Posted in Real Estate | Posted on 16-07-2010-05-2008

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Shanghai’s Fang Says China Should Start Property Tax, Securities Reports
A Chinese property tax would be well-timed, the China Securities Journal cited Fang Xinghai, director general of Shanghai’s financial services offices, as saying.
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N.J. property tax cap meets first challenge in 12 percent health care costs hike
TRENTON — New Jersey’s new law to limit property tax collections by 2 percent a year took its first hit Wednesday when state officials announced health care costs for towns enrolled in the state’s plan will likely rise by about…
Read more on The Star-Ledger

Over 40 Property Projects Showcased At MAPEX 2010
KUALA LUMPUR, July 16 (Bernama) — Thirty-seven developers are showcasing 40 over property projects in the Klang Valley at the Malaysia Property Exposition (MAPEX) 2010 from today till Sunday at the Mid Valley Exhibition Centre.
Read more on Bernama

Office property markets stable, says ING

Posted by property | Posted in Real Estate | Posted on 14-07-2010-05-2008

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Office property markets stable, says ING
ING Office Fund says international office property markets have stabilised as recent valuations have shown improvements in the value of its portfolio.
Read more on Yahoo!7 Finance

Singapore CityDev says sold property for S$250 mln

Posted by property | Posted in Real Estate | Posted on 14-07-2010-05-2008

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Singapore CityDev says sold property for S0 mln
SINGAPORE, July 13 (Reuters) – Singapore property developer City Developments said on Tuesday it has agreed to sell a property for S0 million (1 million) to Perennial China Point LLP.
Read more on Reuters via Yahoo! Philippines News

Assessed property values may drop
For the first time in recent memory, the county Assessor’s Office is projecting a decline in assessed property values in San Mateo County over the budget year that began July 1.
Read more on The Almanac

Housing Ministry Official Says China Property Tax Certain, Securities Says

Posted by property | Posted in Real Estate | Posted on 12-07-2010-05-2008

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Housing Ministry Official Says China Property Tax Certain, Securities Says
China’s introduction of a property tax is certain, the Securities Times reported, citing Qin Hong, a vice director at the policy research center of the Ministry of Housing and Urban-Rural Development.
Read more on Bloomberg

China economist says property bubble a threat

Posted by property | Posted in Real Estate | Posted on 10-07-2010-05-2008

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China economist says property bubble a threat
BEIJING, July 9 — China’s property market remains dangerously overheated and failing to tame the speculative bubble could threaten financial and social stability, a prominent economist said in an official newspaper today. Yi Xianrong, an economist at the Chinese Academy of Social Sciences, a government think tank in Beijing, noted estimates from …
Read more on The Malaysian Insider

Senate vote positions property tax cap for passage Monday
TRENTON — Senators voted 36-3 Thursday to cut New Jersey’s cap on local property tax increases from 4 percent to 2 percent and significantly trim the exemptions to the limit, sending the bill to the Assembly for final approval.
Read more on Daily Record

Government shelves property tax proposal for next budget
THE GOVERNMENT has shelved consideration of a property tax and the issue is now off the Fianna Fáil-Green Party Coalition’s agenda.
Read more on The Irish Times

China economist says property bubble a threat-paper

Posted by property | Posted in Real Estate | Posted on 09-07-2010-05-2008

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China economist says property bubble a threat-paper
China’s property market remains dangerously overheated and failing to tame the speculative bubble could threaten financial and social stability, a prominent economist said in an official newspaper today.
Read more on Hindustan Times

Property tax being doubled in Islamabad
After committing to “no increase in taxes” in its fresh budget documents last month, the Capital Development Authority (CDA) is readying to double the property tax and the water charges in Pakistani federal capital Islamabad, an insider revealed yesterday.
Read more on Gulf Times

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