Official estimates put the country’s inflation rate at nearly 85 per cent last month, while rents have increased by more than 100 per cent in some cities, writes Borzou Daragahi …
Residential, retail activities gaining momentum in Tier-II cities in India
According to UN’s World Cities Report 2022, more than 37 per cent of India’s population would reside in urban centres by 2025, and this number is likely to touch 43 per cent by 2035.
Dubai real estate: $2.5bn property deals this week
A total of 2,926 real estate transactions worth more than $2.478bn (AED9.1bn) were conducted during the week ending 23rd December, 2022, according to figures released by the Dubai Land Department (DLD …
Dissident Sunni Cleric’s Advice to Iran: Don’t ‘Beat up Citizens’
Molavi Abdolhamid made the remark in a sermon at Friday prayers in Zahedan, capital of Sistan-Baluchistan province …
Last Christmas? Not any more, as Indonesia’s expat pensioners get visa reprieve
Foreign retirees were worried that this Christmas would be their last in cheaper-living warm nation, as Indonesia is altering its visa rules.
Great Escapes: Goa, India’s Unique Place on the Subcontinent
Portuguese rule in Goa lasted from 1510 through the end of 1961, a staggering 450 years that hasn’t been washed away in the past half century since, a period including two and a half decades as part …
China Central Banker Calls for Strengthening Property Sector Policies
A top advisor to the People’s Bank of China on Saturday called for strengthening of real estate policy in light of sluggish economic growth over the past several years as China has pursued its …
China’s haphazard ‘three arrows’ could shrink the property sector. Is that more sustainable?
Beijing’s ‘three arrows’ liquidity package is unlikely to trickle down evenly to all affected developers. The sector will see consolidation as some are likely to fail along the way.
China is a minefield for international creditors
This month in China, a rumor spread that the founder and chairman of Chinese real estate developer Evergrande had jumped off a building to take his own life. Subsequent reports indicate that Hui Ka …
A Detached House at Hong Kong’s Shouson Peak Asks HK$298 Million
One of the two houses available for sale at the celebrity-studded new development Shouson Peak in Hong Kong has come to the market for HK$298 million (US$38.3 million). The house has approximately …