All Property Week articles in 26 June 2009 – Page 7
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Online
HK Home loan approvals up for sixth month
New home loan approvals in Hong Kong rose 28.4% in May, the sixth consecutive month of growth, as developers stepped up apartment sales and lenders lowered mortgage rates.
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Online
Banks buy into Damac Egypt scheme
A consortium led by Egypt’s Housing and Development Bank has signed an agreement to buy a 60% stake in Hyde Park, a project being developed in Cairo by Damac Properties, based in Dubai.
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Online
Khoie exec jailed
A senior executive of Khoie Properties, the developer behind a Dh2 billion (US$545m) project on Ras al Khaimah’s man-made island of Al Marjan, has been sentenced to three years’ imprisonment for bouncing two cheques worth a total of Dh114m.
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Online
Nakheel may buy back sukuk
Nakheel, the real-estate developer controlled by Dubai’s government, may offer to buy back its $3.52 billion Islamic bonds before they come due in December, Barclays Capital said.
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Online
California and Vegas see house price drops
Home prices throughout California and in the Las Vegas area fell from a year earlier in May as a glut of foreclosed property pushed down the value of single- family houses and condominiums.
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Online
Mortgage bond yields hit three-week low
Yields on Fannie Mae and Freddie Mac mortgage securities declined to the lowest in more than three weeks, signaling that interest rates on new home loans will fall and ease the U.S. housing slump.
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Online
Chinese Estates to scrap share sale?
Chinese Estates Holdings the Hong Kong developer controlled by billionaire Joseph Lau, canceled a share sale to raise as much as HK$1.7bn, according to three people familiar with the matter.
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Online
Jackson death leaves O2 Arena with £300m hole
AEG Live, the company that persuaded Michael Jackson to sign up for 50 nights at the O2 arena, is facing a liability of up to £300m and a dark house for the next nine months.
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Online
City sees housing recovery approaching
The housing market slump is close to ending, with prices set to bottom out later this year and begin rising again by 2011, the City is predicting.
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Online
Banking Act will boost FSAs role
Alistair Darling is planning a new Banking Act this year that will strengthen the role of the Financial Services Authority, in an unexpected move that follows criticism that the Bank of England failed to warn adequately of the impending banking crisis.
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Online
DSG sees no recovery before 2010
DSG International, which owns Currys and PC World, posted losses for the second consecutive yesterday and warned its market wouldn't recover until after next summer. Total losses at the electricals group hit £140.4m before tax for the 12 months to 2 May as it continued to suffer from the slump ...
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Online
Morrisons to operate farm
Wm Morrison is taking its vertical business model one step further with plans to farm 700 acres in Scotland.
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Online
Costain in line
The construction company, based in Berkshire, said that it had continued to perform in line with its expectations with a strong order book and significant new contracts. It added that its forward order book had risen by 20% to £2.4bn and included more than £900m of work secured for this ...
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OnlinePPG 's Lime Street letting
Premier Property Group (PPG) has let 21,000 sq ft at its recently launched 10 Lime Street development to a French re-insurance company.
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MarketsSuburban warriors
The capital’s heavyweights fought for a holistic approach to developing its boroughs at Property Week’s Outer London Summit
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News
Sheppard Robson’s Nigerian plan
Sheppard Robson has been appointed to lead a design team that includes Arup and Davis Langdon to masterplan the regeneration of a state in Nigeria
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News
Liverpool Victoria palace purchase
Liverpool Victoria’s LV=UK Property Fund has bought 19 Buckingham Gate at St James’s Park in London for £4.22m
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MarketsOn the shopping list
Ex-Modus man Mike Riddell has launched a one-stop shop for investors and landlords
