Property investors in Asia are worried that soaring construction costs are squeezing profit margins, and see little respite as a Chinese iron ore supply deal this week signals more steel price hikes.
SOURCE: Reuters – Building costs a headache for Asia investors |
With good management, Asian cities can sustain economic growth and provide a even higher standard of living for their population, said Singapore’s Senior Minister of State for National Development Grace Fu here Wednesday.
Speaking at an event of the World Cities Summit which is held here from Tuesday, she said a key common challenge facing cities in Asia is to pursue economic growth while ensuring environmental and social sustainability.
While economic growth can bring more wealth and resource to cities, she pointed out that the distribution of wealth may be uneven, “economic growth can also widen the income disparity among the population and stress the social fabric that underpins economic and social stability.”
SOURCE: Xinhua – Singapore official: Asian cities can harmonize economic growth and environment_
UAE among top 10 destinations for workers
DUBAI: The UAE has been ranked among the top 10 preferred destinations for workers, attracting quality workforce from all over the globe with its vibrant job market, a survey has revealed.
The survey ‘Relocating For Work’, conducted by Manpower Middle East said that with the region growing as a popular destination for workers, the UAE was rated sixth among the top 10 preferred destinations, a leading gulf daily reported.
SOURCE: The Hindu Business Line : UAE among top 10 destinations for workers.
The 80-storey “Dynamic Tower,” will be a shifting skyscraper of luxury apartments on spinning floors, which will be attached to a central column.
Plans for the project were unveiled in New York by Italian architect David Fisher, who said: “This building will have endless different shapes”.
SOURCE: Telegraph.co.uk – World’s first rotating skyscraper unveiled in Dubai –
Providing jobs and services for the 1,1-billion people expected to move to Asia’s cities over the next 20 years is a task of a magnitude “never before attempted by humanity,” Asian Development Board (ADB) President Haruhiko Kuroda warned on Wednesday.
Asian cities are growing by more than 100 000 people a day, he told the World Cities Summit in Singapore.
SOURCE: IOL: ‘A tidal wave of humanity’.