China relieves commercial property sales

Removes barriers to commercial real estate sales in Guangzhou, one of China’s most important cities. China’s government imposed restrictions on commercial property purchases last year. Therefore, many Chinese investors did not invest in commercial real estate. Guangzhou Housing and Urban-Rural Construction Committee on wednesday said “That restriction will now be eased” It said that developers …

Central China Real Estate achieved record high contracted sales of RMB20.1 bln in 2016, up 28% yoy

Central China Real Estate Limited , the Henan-based property developer,  announced that for the twelve months ended 31 December 2016, the Group has achieved total property contracted sales of RMB20.1 billion, representing a y-o-y increase of 28.0% and overachieved the annual contracted sales target of RMB18 billion. Achieved a total contracted sales gross floor area …

Abu Dhabi’s Aldar Properties Q3 2016 net profit up 16 pct

Aldar Properties PJSC (“the Company”), Abu Dhabi’s leading listed property development, investment and management company, has announced its financial results for the third quarter of 2016. Q3 Financial Highlights: -Net profit increased 16% to AED 737 million, up from AED 638 million in Q3 2015 -Gross profit from recurring revenue assets up 4% to AED …

Pending home sales in March reach highest level in almost a year in U.S

  Pending home sales in U.S increased slightly in March for the second consecutive month and reached their highest level in almost a year, according to the National Association of Realtors. Only the West region saw a decline in contract activity last month. The Pending Home Sales Index, a forward-looking indicator based on contract signings, …

Off-plan project sales increase significantly in Saudi Arabia

According to the MCI Real Estate off-plan sale program, the total value of the projects under this program reached more than 34 billion riyals($9 billion) since its approval in Saudi Arabia, including projects of more than 13 billion riyals($3,4 billion) that had been licensed during 2015. Korean builder signs MoU with Saudi Arabian Housing of …

JLL full-year gross revenue increases 18 percent to $6 bln

Jones Lang LaSalle Incorporated reported strong, diversified revenue increases for the full year and fourth quarter of 2015. Adjusted earnings per share were $4.53 for the fourth quarter, up 14 percent reflecting a $0.42 currency headwind. Fourth quarter gross revenue was up 15 percent to $1.9 billion; fee revenue of $1.7 billion was up 14 …

New York City’s biggest deals in commercial real estate

According to the observer.com report, within the last year, the priciest sale reached $2.59 billion in New York.The top 10 sales, listed here, total $13.06 billion and span nearly 11 million square feet, according to data from Colliers and CoStar Group. 1- 11 Madison Avenue, $2.29 Billion Buyer: SL Green Realty Corp. Seller: Sapir Organization …

Emlak Konut REIT sold 8 thousand houses in 9 months

While Emlak Konut GYO(REIT) independent units sales were 1,087 in September , in the first 9 months sale figures reached 8 thousand 106 houses in all projects. While Emlak Konut GYO(REIT) independent units sales were 1,087 in September , in the first 9 months sale figures reached 8 thousand 106 houses in all projects.The sales …

Kartallar Group Teona Ümitköy Project in Ankara,Turkey

Teona (Sun Garden) project is being built by Kartallar Group in Ümitköy region of capital Ankara in Turkey.The project is situated in the center of Ümitköy and is very close to the subway and shopping malls. Teona (Sun Garden) project is being built by Kartallar Group in Ümitköy region of capital Ankara in Turkey.The project …

Ankara Eryaman Akın 688 residence project

Developed by Akın Inşaat that Akın 688 residence project is located in Eryaman region of Ankara city at Turkey.Akın 688 project is composed of 664 apartments and 24 commercial units on 19.320 construction of land. Developed by Akın Inşaat that Akın 688 residence project is located in Eryaman region of Ankara city at Turkey.Akın 688 …