Foreign Property News | Posted by Si Thu Aung
(1) Qatar to launch $5.4bn road development projects Qatar is set to launch QR20 billion ($5.49 billion) construction projects next year including rebuilding of internal roads in Doha, besides development of pavements, walkways and cycling paths, said a report.
(2) Nearly 300 leading players from the real estate and property sector will be showcasing their innovative projects at Cityscape Global, the largest real estate and investment event in the Middle East, which opens its doors tomorrow in Dubai.
(3) Egyptian Ministry of Transport has signed a E£22 billion ($1.2 billion) agreement with a Hungarian joint venture group being led by Russia’s TransMach Holding for the development of rail infrastructure projects across the country. said a report. As per the deal, the Russian-Hungarian JV will be manufacturing and supplying 1,300 new railway passenger vehicles, in what might be considered the biggest deal in country railway history, reported Daily News Egypt.
(4) Happiness will be the overarching theme of this year's Cityscape Global in Dubai, the three-day real estate and construction exhibition.
(5) The Dubai Land Department’s Real Estate Regulatory Agency (RERA) has issued almost 500,000 real estate permits of various kinds through its “Trakheesi” online system, RERA announced on Saturday.
(6) Anbang Insurance Group Co. Ltd. aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP, about two years after buying them from the U.S. investment firm, two people with knowledge of the matter said.
(7) Singapore private home prices are still inching higher – albeit at the slowest pace in five quarters – even after the government imposed additional property curbs to avoid the risk of a sharp correction that could be destabilising to the city-state’s economy. An index tracking private residential prices increased 0.5 per cent in the three months ended September 30, compared to a 3.4 per cent advance in the June quarter, according to a flash estimate from the Urban Redevelopment Authority on Monday.
Ref : Property Report
