A property boom in Dubai that pushed the number of residential transactions to a record high last year has continued into 2023, with sales surpassing those levels in the first 10 months of this year.
Dubai’s 10-month residential property deals surpass full 2022 level
Residential transactions in Dubai during the first 10 months of 2023 surpassed last year’s record total transactions, underscoring the sustained demand surge for secondary market and off-plan …
At least 30 pro-govt forces, soldiers killed in IS attacks in Syria
The Islamic State proclaimed a ‘caliphate’ in June 2014 across swathes of Syria and Iraq. (AP pic) COVENTRY: The Islamic State’s attacks killed at least 30 pro-government forces and soldiers in the …
US to fund $553m deep-sea terminal in Sri Lanka
The United States will lend more than $550m for a deep-sea container terminal in Sri Lanka, officials say, with the project seen as countering China’s rising influence in the Indian Ocean. Sri Lanka …
STT GDC acquires land in Johor, Malaysia
Founded in 1989, Crescendo is a publicly-listed Malaysian property development firm … provides colocation and managed data center services from two data centers in Malaysia: one in Glenmarie and the …
Turkey sells $2.5bn five-year sukuk paper at 8.51% coupon
Turkey’s Treasury has sold $2.5bn of a sukuk paper (XS2689091846 … took over 60% of NYC’s office space with it—the last thing the reeling commercial real-estate sector needed …
Turkey passes law enabling government to designate any property ‘reserve building zone’
In the rationale for this change, it was stated that in practical terms, judgments have been made that for any property to be designated as a reserve building area, it should be located outside of …
Marcos says gov’t to speed up distribution of houses for Yolanda survivors
Ten years after one of the world’s strongest storms obliterated communities, the government still has not finished building 44,283 housing units intended for families displaced by the storm, according …
Commercial Property Investment in Japan Dips 9 Percent Annually in Q3
According to new data by CBRE, commercial real estate investment volume in Japan fell by 9% year-over-year to JPY 945.0 billion in Q3 3023, largely because of an 80% decline in investment by foreign …
‘A Global Outlier’: Japan Is APAC’s Bright Spot for Institutional Real Estate Investments, Goodwin Report Finds
Japan, with its stable economy and low interest rates, has out-competed most of its peers in the Asia Pacific for institutional real estate investments.