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Foreigners living in Indonesia will be able to secure the “right to use” property in the country for as long as they live under a newly planned state policy, The Jakarta Globe reported, citing a minister.
The scheme was suspended in 2011, but came under the spotlight after recent complaints by residents over defects in their new DBSS flats.
Real estate agencies say they typically experience 10 to 15 per cent attrition at the start of the year, partly a result of agents switching companies. But this year, many have left the industry because of the current market slump.
China's real estate investment growth continued on its downward track in the first five months of 2015, to reach its slowest rate since May 2009, but government stimulus policies appeared to all but end the decline in floor area sold.n.
Asia Properties are very pleased to offer this fabulous Hotel, Resort and Steak House business for sale in Chiang Mai, Northern Thailand and is located around 3 km from Mae on Cave, 10 minute drive from Sankampaeng Hot Springs and 20 minute drive from Chiang Mai international airport.
Tomoya and Naomi Sato, looking to buy a home in one of the world’s most expensive cities, bought a tiny plot of land in a crowded residential neighborhood in central Tokyo. The land was steps from a street lined with mom-and-pop shops and across from an elementary school. The couple hired an architect known for building small city homes with bold designs: 38-year-old Osamu Nishida of ON Design Partners. Still, when they received a building plan, they were flabbergasted.
Thailand continues to be one of the most popular destinations for real estate investors with Pattaya a key market for condominium purchases, it is claimed. Thailand's economy has proven extremely resistant against the global economic downturn, with an annual GDP growth almost unheard of today amongst the traditionally richer Western countries.
Singapore's private residential property prices experienced steady declines in September, according the latest quarterly data from the Urban Redevelopment Authority. Both private and public home prices continued to slip in the third quarter of the year. Private home prices fell 0.6% and are now down 3.8% on an annual basis. This is the fourth straight decline, albeit a slight deceleration, after a fall 1.0% in the second quarter. But private home prices are still 56% above the last trough in 2009.
The Chennai residential market is one of the steadiest in India and has proved its resilience just after the global economic downturn which was one of the toughest periods for the country’s property market. Between 2008 and 2009 it remained relatively stable in terms of sales volume and price, compared to cities like Mumbai, NCR, Bengaluru and Hyderabad, according to a new analysis from international real estate firm Knight Frank.