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International
Experts predict a gradual recovery for Bangkok property transactions
The property market, especially the residential sector in the greater Bangkok area, will gradually recover in 2010, thanks to the effects of government stimulus packages, property experts said.
Thai risk from Dubai crash Bangkok Post 01/04/2010 | Thai developer 'expanding aggressively'Catherine Deshayes Property Wire 01/04/2010 |
 Thailand's direct exposure to the Dubai market crash has been very limited, but a greater impact could come from deteriorating global sentiment if the situation worsens, says international property consultant Colliers International Thailand. |  A leading Thai developer is to expand aggressively in 2010 and looking to invest in China, Indonesia and the Maldives... |
Luxury-Property Owners Sue Credit Suisse for $24 BillionJACQUELINE PALANK The Wall Street Journal 01/04/2010 | Many homeowners in S. California forced to buy flood insuranceMu Xuequan Xinhua 01/04/2010 |
 Property owners at four U.S. luxury ski and golf resorts are suing Credit Suisse Group AG for $24 billion, accusing the Swiss bank of running a "loan-to-own" program that loaded the resorts up with debt so it could foreclose on their assets when the debt couldn't be repaid. |  LOS ANGELES, Jan. 4 (Xinhua) -- The U.S. government is forcing tens of thousands of homeowners in Southern California to buy costly flood insurance because they live in a high-risk flood area, a newspaper report said on Monday. |
Commercial Real Estate Poses Risk to U.S. Recovery, Ryding SaysVincent Del Giudice and Ken Prewitt Bloomberg News 01/04/2010 | How To Buy Real Estate In Canada International Property Journal 01/04/2010 |
 Jan. 4 (Bloomberg) -- The commercial real estate market poses a threat to the U.S. recovery, said John Ryding, chief economist at RDQ Economics in New York. |  The Canadian property purchasing process closely resembles its American counterpart, with oversight and listing information provided by the Canadian Real Estate Association. Prospective buyers should factor in taxes and fees when pricing properties, including a Goods and Services Tax on new housing, Realtor and attorney charges and costs associated with land transfer and mortgage loan coverage. See the following article from International Property Journal for more on this. |
Property restrictions knock-on effect China Economic Review 01/04/2010 | Dubai Festival City launches ghostly mega projectSarah Blackman Construction Week Online 07/26/2009 |
 China seems to be taking serious precautions so that it does not get caught with a property bubble. Shanghai tightened tax and mortgage rules, bolstering prospects the government will step up measures to curb property speculation. |  Dubai Festival City has announced the launch of Casper Theme Park today, adding that it is scheduled to open in the first quarter of next year. |
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