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China`s Real Estate Industry Steps into a Brand-dominant Era BEIJING, Oct. 16 /PRNewswire-Asia/ -- On October 9, CRIC (China) Information Technology Co., Ltd and China real estate Appraisal jointly released the Sales Rankings of Chinese Real Estate Companies for Q3 2009. The new force, represented by Evergrande Real Estate Group, overwhelmingly exceeds the well-established real-estate giants, represented by Vanke, in terms of multiple key indicators over 10 years of effort. The implication behind this performance indicates the competition among several development models for Chinese real-estate companies. Therefore, the release of the sales rankings might generate a far-reaching impact and indicate the future of China's real estate industry. Sina Leju was the first media source to announce the release of this report. prnewswire.comProperty Developers Who Meet General Public Demands Will Lead Chinese Real Estate Market Growth BEIJING, Oct. 16 /PRNewswire-Asia/ -- According to the 'Sales Rankings of Chinese real estate Companies for Q3 2009' report released on October 9 by CRIC (China) Information Technology Co., Ltd., in cooperation with China Real Estate Appraisal and Shanghai E-house R&D Institute, the ranking of the country's leading real estate developers showed some dramatic changes during the third quarter. During the July-September period, fast-rising Evergrande Real Estate sold 2.303 million square meters of floor space, with sales revenue of RMB 12.33 billion, topping both lists. In addition, leveraging their products with outstanding price-performance ratios, developers such as Evergrande real estate, Poly Real Estate and Gemdale took the lead in the Chinese property market during the National Day holiday. How should we consider such changes in China's real estate market? And how will those changes impact the market? Sina Leju was the first media source to announce the release of this report. prnewswire.comIndictment Accuses Mob of Infiltrating NYC Building Dept Indictment Accuses Mob of Infiltrating NYC Building Department, Taking Bribes To Grant Building Permits, Expedite Inspections And Overlook Building Violations The Manhattan District Attorney on October 1, 2009 announced the indictment and arrest of 29 people and four corporations for enterprise corruption, bribery, bribe receiving, extortion, narcotics and firearms trafficking, and illegal gambling. Among the individual defendants are members and associates of the Cosa Nostra Lucchese Organized Crime Family ('Lucchese Crime Family'), including three inspectors formerly employed by the New York City Department of Buildings and two members of the Family ruling panel; three other former building inspectors; and individuals and companies in the construction and real estate industry. The District Attorney accused the mob of seeking to place associates in a government agency and influence the routine functions of that agency. The Mob's infiltration to supervisory positions within the Buildi Topix.netT N Ninan: Picking winners Which is Indias most profitable business sector? The answer, believe it or not, is real estate. For the latest 12-month period, realty companies listed on the stock market had a mind-stretching net profit-to-sales ratio of 36 per cent. The previous 12-month period was even better, with a profit margin of 42 per cent. So if you thought that cash-strapped real estate companies have been slashing prices to off-load inventory, and taking a hit on their bottom lines, think again. For perspective on how stratospheric the profit ratios are, bear in mind that the information technology companies had an average profit ratio for the latest year of 16 per cent, and 20 per cent for the year before. real estate, it would seem, is twice as profitable as IT. That is not a secret held back from the stock market, where virtually the highest price-to-earnings ratios are enjoyed by (you guessed it) the real estate companies. Business StandardBuilding and Contents Insurance Of all the items listed in the monthly budget, building and contents insurance may seem to be a good place to cut a bit of fat out of the expenses. In fact, cutting out this insurance would be a terrible mistake. A home and its contents are often the bulk of a family's estate, comprising most of the assets a family possesses. These items are often impossible to replace because of the sentimental value, or simply because they have taken months of saving to purchase. E-ZineMothercare eyes further Indian expansion Mothercare has announced a big expansion of its plans to move into India after signing a new joint venture with one of that country's largest real estate companies FTTo Be a Broker: the survey Real estate survey gauges broker prioritiesread more InManLloyds sells Halifax estate agents for £1 The disposal will lead to Lloyds shutting the 121 Halifax banking counters currently located inside the estate agency chain's branches, with up to 460 people losing their jobs as a consequence FTStatement Regarding Sherri Crichton`s Creditor Status With Her Late Husband`s Estate LOS ANGELES, Oct. 16 /PRNewswire/ -- With regard to Sherri Crichton filing a creditor's claim with her late husband, Michael Crichton's estate, her attorney Adam Streisand of Loeb & Loeb wishes to provide clarification regarding this routine action, which was legally required to preserve Sherri Crichton's rights under the prenuptial agreement that she and Michael mutually executed in April 2005. The prenuptial agreement provides that Sherri Crichton shall receive $1 million per year over a nine year period. While Michael Crichton was alive, he delivered two annual payments totaling $2 million to his wife. Upon his death, the prenuptial agreement provides that his widow Sherri Crichton shall be paid the remaining balance in a lump sum. prnewswire.comChina Real Estate Information CRIC IPOs Today; Will Reenter EHouse Holdings EJMr. Swing 1 2 3 4 |
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