Hong Kong’s home prices and rents are expected to continue rising in the second half despite higher mortgage rates and other external factors.
Ricacorp Properties said yesterday that as of last Friday, there were 64,342 deals in the housing market in the first half – an 11-year high – driven by a 27 percent jump in sales in the secondary market to 56,468 units totaling HK$187.6 billion, a 48 percent increase over the previous year.
SOURCE: The Standard – Hong Kong’s First FREE English Newspaper.
African ministers of environment recently launched the Africa: Atlas of Our Changing Environment, which shows a rapidly changing landscape, prominent of which is the disappearance of glaciers on Mount Kilimanjaro in Tanzania and the Ruwenzori Mountains on the border of the Democratic Republic of Congo (DRC) and Uganda.
SOURCE: allAfrica.com: Africa: Environment Ministers Launch ‘Environment Atlas’
Urban authorities which have failed to allocate special trading areas for petty traders in most towns and cities in the country are to blame for the endless quarrels between street hawkers known as machingas and local government officials.
But poverty has also been fueling the increase of street hawkers as most youths flock into cities and towns in search of better lives. But with little education they find themselves unable to secure decent jobs, thereby resorting to petty trading.
SOURCE: IPPMedia.com – Poor planning in towns and cities fuels street hawkers.
Eco-towns should be built in urban areas and not in the countryside to stop them becoming “dormitory towns” where people have to drive somewhere else to work, town hall chiefs say.
Eco-towns should be built in urban areas, council chiefs claim
Eco-towns ‘should be built in urban areas’
A new report from the Local Government Association also warned that plans to create 10 eco-towns across the country were “significantly flawed” and risked creating “eco-slums” without proper urban planning.
SOURCE: Telegraph.co.uk – Build eco-towns in urban areas, not the countryside, say council chiefs
As part of the 2007-2011 Strategic Policy of Urban Apartment Developments, five projects are now underway in the city, including Menara Cawang in East Jakarta, City Park in Cengkareng and Kebagusan City in South Jakarta.
The development project came about after the failure of the Indonesian government’s 2003 National Development of One Million Houses program,
SOURCE: The Jakarta Post – Urban development project underway.