The Senate Banking Committee is scheduled on Thursday to question President George W. Bush’s nominee to run the Department of Housing and Urban Development.
In mid-April, Bush nominated Steven C. Preston to head the nation’s largest government housing agency and replace Alphonso Jackson who resigned from the post in late March after facing accusations that he [...]
The region’s rental market appears to be benefiting from the nationwide housing slump. With fewer folks moving into a place of their own, demand for rentals is high and landlords are reaping the benefits.
More tough times may be on the horizon for the nation’s housing market. But as the credit crunch deepens and mortgage defaults [...]
At 12noon (AEST), the Australian dollar was trading at $US0.9372/77, down from Friday’s close of $US0.9421/25.
During the morning, the local unit traded between a low of $US0.9377 and a high of $US0.9423.
The housing finance data came in well below expectations and pushed the Australian dollar below a key support level of $US0.9380, Easy Forex senior [...]
The Housing Industry Association (HIA) has blamed the Reserve Bank for a sharp drop in housing finance in March.
Australian Bureau of Statistics figures show there was a 5.3 per cent fall in the value of borrowing for housing.
The biggest fall was in the construction and purchase of new housing, which declined by 11.5 per [...]
The housing slump continues to deepen, gathering pace across new and existing home sales; something investors will have to keep in mind as they assess the Westpac move on St George.
Housing finance is the safest and most profitable form of bank lending, especially with all the added services for personal banking like credit cards, personal [...]
The Toyoko Inn Co., Japan’s largest business hotel chain operator, plans to open a business hotel next year in the city of Daejeon, central South Korea, officials from the Daejeon municipal government said Thursday.
The Toyoko Inn Development Korea Co., the Japanese firm’s South Korean unit, and local firm Solomon Holdings Co. have signed a deal [...]
Berjaya Land Berhad (KLSE:4219) is teaming up with Jeju Free International City Development Center (JDC) to develop a resort-type residential and commercial complex in Jeju in South Korea at a cost of US$2.6 billion.
Berjaya Land’s wholly-owned unit Berjaya Leisure (Cayman) Limited signed the joint venture agreement with JDC on 29 April 2008.
Under the agreement, Berjaya [...]