A penthouse planned at Dubai’s Marsa Al Arab Hotel has sold for AED 420 million (US$114 million), making it the most expensive residential property ever sold in the city. A penthouse planned at …
Strong headwinds ahead for South Korea’s housing market
Korea’s housing market has experienced a significant slump since July last year. A number of factors, including high borrowing costs, tight credit conditions, and previously stringent tax and …
Hike property tax to curb accumulation of wealth, inequality
An increase in property tax is needed to curb rapid wealth accumulation and rising inequality as the rate in Bangladesh is one of the lowest in the world, said the Centre for Policy Dialogue (CPD) and …
Corruption, bureaucracy hold back property taxation: experts
The institutional culture of the existing property tax administration particularly for land development tax is dominated by corruption and bureaucracy, which is challenging for …
Vanke among three major Chinese property developers that are a step closer to selling shares under Beijing’s ‘three arrows’ rescue plan
Vanke, Poly Developments & Holdings and China Merchants Shekou Industrial Zone Holdings are leading smaller developers in the new A-share placements process so far “If A-share placement plans are …
A Texas Bill That Would Have Banned Chinese People From Owning Property Has Failed
A bill that would have banned people from China and three other countries from owning property in Texas failed to reach the House floor, with its death a huge relief to the states …
Hong Kong will require 300,000 more public housing tenants to declare property every 2 years under tightened rules
Tougher approach comes after authorities banned public housing tenants who are property owners from buying subsidised flats Tightened measures aimed at ensuring effective use of public resources, …
Inside Maldives’ only multi-island destination
Editor’s Note: This CNN Travel series is, or was, sponsored by the country it highlights. CNN retains full editorial control over subject matter, reporting and frequency of the articles and …
Singapore PM orders probe into ministers’ homes amid public anger
Singapore Prime Minister Lee Hsien Loong has ordered an investigation into the circumstances around the rental of state-owned homes in an exclusive location to two cabinet ministers following …
Singapore PM orders probe into ministers’ “pricey” homes
The matter has prompted comment in the wealthy city-state, which has long prided itself on a government free from corruption, with the annual salaries of many cabinet ministers exceeding S$1 million …