“Until only a few months ago, property developers in China thought they were at the forefront of one of the great booms of the age, the fastest urbanisation in history.
Even in China, however, where the financial system has been relatively isolated from the global meltdown, a sharp downturn in the property market has caused many companies to rethink their plans.”
SOURCE: FT.com / Home UK / UK – China’s developers suffer a pig of a year.
“Herzog & de Meuron’s Tenerife Arts Space (TEA) has been inaugurated in Santa Cruz de Tenerife in the Canary Islands.”
SOURCE: Building Design(UK) – Herzog & de Meuron Tenerife Arts Space officially opens
“Nanjing will spend another 30 billion yuan ($4.41 billion) to renovate 3 million sq m of dilapidated residential areas before the end of 2010, a government spokesman said yesterday.
The measures were announced after Nanjing won the top UN Habitat award at the ongoing World Urban Forum in the city.”
SOURCE: Chinadaily – Award-winning Nanjing to spend $4b on new housing.
Paul Farmer, chief executive officer of the American Planning Association, once summarized his planning concept as “honor history, celebrate the present, and choose the future.”
In reality, especially at the current development stage in China, we seem to have too many “celebrations” of the present at the expense of historical heritage and future generations’ well-being.
SOURCE: Xinhua – It’s time to rethink ideas on urban planning
Ajman continues to pave the way for big real estate projects to be developed in the emirate by continuing to execute various infrastructure projects, including road networks, and water and drainage systems.
SOURCE: AMEinfo.com – Ajman Marina prepares infrastructure for big projects with Dhs3bn | Ajman Marina.