Times Online reports
”The crisis in the Spanish construction sector claimed another victim yesterday as the country’s fifth biggest property development company went into administration.
Promociones Habitat said it had financial commitments of up to €2.3 billion (£1.93 billion).”
[SOURCE: Spanish developer falls with €2.3bn debt - Times Online].
Christopher Hawthorne of L.A. Times looks at “Amid a period in which bolder has meant bigger, the economic slowdown could help push architects to imagine, identify and define new paths.”
Looking at the current financial crisis and how architecture could benefit in the long term.
SOURCE: Los Angeles Times – Architecture can focus on L.A.’s shared spaces
“We need the environmental economists and others thinking outside the square to provide strategies and approaches to secure our social and ecological futures.”
read more @ the SOURCE: The Canberra Times – Green policies can save credit crisis and the planet
India’s cities face many challenges, and one looms larger than the rest: How much will it cost to build our urban infrastructure?
read more @ the SOURCE: livemint.com – Building urban India – Columnist –
Facing a housing market lull which could drag China’s economy further in the backdrop of a worldwide financial crisis, Beijing is probing possibilities to loosen its macro control to activate the real estate sector.
As many as 18 Chinese cities, including Shanghai,Guangzhou,Hangzhou and Xi’an, have announced detailed policies to boost their property market, which have seen at least four months of consecutive drops in housing prices.
SOURCE: Chinadaily.com – Government to boost Chinese property market.