The National Newspaper reports “Dubai’s largest property developers say they are cutting back on activity and reviewing the project timetables in response to the worsening economic climate.
The admissions, made yesterday, were the clearest sign yet that developers now consider the lack of credit and slowdown of sales as serious impediments to growth in the months to come.”
SOURCE: The National Newspaper – Developers say they will scale back activity
courier mail reports that “BRISBANE may have to sacrifice some middle-ring character suburbs to medium-density housing to achieve population targets, an academic says.
Brisbane has to accommodate an extra 140,000 people over the next 20 years through what is known as infill development, or redeveloping areas with higher density.”
read more @ the SOURCE: Character suburbs may make way for medium density | The Courier-Mail.
Helsingin Sanomat reports that “Helsinki’s City Council approved plans to build a bridge for tram and light traffic that would span the area of water known as Kruunuvuorenselkä, dividing the eastern central part of the capital from suburbs such as Laajasalo.
The envisioned 900-metre bridge would be Helsinki’s longest and largest. By comparison, the Lapinlahti Bridge carrying the Länsiväylä urban motorway west is just 600 metres in length.”
Read more @ the SOURCE: Helsingin Sanomat – International Edition – Metro.
AJC.com reports that “the construction activity in Buckhead is “goofy.”
That description comes not from a disgruntled neighbor but the Urban Land Institute, a national organization of developers, many of whom are in Atlanta.
Buckhead absorbs less than 500,000 square feet of office space annually, but more than 2 million square feet is under construction, the report said.
ULI presented its annual Emerging Trends in Real Estate Report on Tuesday and once again Atlanta is portrayed as overbuilt and not a particularly attractive place to invest.”
SOURCE: ajc.com – Atlanta a poor choice for real estate investing, report says | ajc.com.
THE first Sichuan earthquake relic park opened today in Qingchuan County of Guangyuan City.
The park covers nearly 50 square kilometers and includes five villages and one town, Chengdu Business Daily reported today.
The area was the most heavily damaged by the May 12 earthquake that measured 8.0 on the Richter scale. Thirty-six quake lakes formed within the park’s area and other geological formations created by the quake can be seen.
SOURCE: Shanghai Daily – Quake relic park opens in Sichuan