Emivest Aerospace Corporation, manufacturer of the world record-breaking SJ30 light business jet, which is displayed at the Middle East Business Aviation (MEBA) 2008, is being showcased at the Action Aviation pavilion, distributor of the SJ30. Action Aviation’s own SJ30 S/N ‘007’ took a new world speed record by flying seven hours and seven minutes from [...]
Troops stationed overseas will test their skills in one of this year’s hottest new video games from Activision, Call of Duty®: World at War. Pro vs. GI Joe, the USO, and the Cleveland Browns are teaming up with Activision Publishing, Inc. for a series of online matches featuring the newest installment of the blockbuster Call [...]
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 [...]
Boracay Beach Condo Hotel, a flagship development of Boracay Trans Pacific Properties Inc. (developers) and Asiana Villas (land owners), has finally held its ground breaking ceremonies at Barangay Balabag, Boracay Island in Malay, Aklan last February 2, 2007.
In attendance were directors of both Asiana and Boracay Trans Pacific as well as well-wishers, suppliers, architects and [...]
Manhattan’s condo market is showing signs of reversing its cooling trend, and the capital markets are taking heed. Palisades Financial disclosed yesterday that it has acquired a $93 million B note for the first mortgage of a condominium conversion project in Manhattan’s Chelsea/Flatiron district.
“The market’s going wild,†Palisades principal Billy Procida told CPN this afternoon. [...]
The South Korean property market’s growth prospects are good because of higher institutional and retail demand for real estate investment products, a foreign expert said Thursday.
Paul Keogh, president of RREEF Korea, the real estate and infrastructure investment management division of Deutsche Bank, made the statement in a speech during a seminar titled “Prospects for the [...]
The ski resort at Russia’s 2014 Winter Olympics candidate city Sochi was closed by the local authorities because of poor safety equipment, Reuters news agency reported Wednesday.
On Tuesday, Economy Minister German Gref briefed Russian President Putin in Sochi on the resort’s readiness for the visit of International Olympic Committee (IOC) inspectors, planned for February. Putin, [...]
Land prices are soaring, ordinary citizens are taking out loans just to grab some of the available real estate, and the government has taken measures to prevent the situation from spiraling out of control.
Yes, South Korea is now in the midst of an asset-inflated “bubble economy” like the one Japan experienced in the 1980s and [...]
The South Korean government will require private builders to disclose their costs for the construction of new apartments starting September in an effort to rein in high-flying housing prices, officials said Thursday.
The country has been plagued by soaring property prices, which some analysts say border on a price bubble that could burst at any time [...]
Disclosing the costs for building private apartments is not desirable since it goes against market principles, South Korea’s vice finance minister said Tuesday, standing by the government’s firm stance against a tough property regulation package proposed by lawmakers.
“A policy to make building costs public creates an obstacle for private builders who seek to make profits [...]
A new and brighter $2 million sign is shining outside the Grand Sierra Resort and Casino, replacing the former Reno Hilton’s marquee and bringing what a casino official calls one of the largest signs of its kind in the world.
The first words on the marquee were “Happy Holidays” in two shades of blue on Thursday. [...]
