What if -ever built, will be the second tallest building in the world, is finally being fleshed out to stand in a new emerging commercial zone in the Korean capital of Seoul, Digital Media City. More…

The recently published Knight Frank/Citi Private Bank Wealth Report 2009 reveals some surprising facts about the attitudes of the world’s wealthy to property investment in the face of the global economic crisis.
The report shows that despite the fact that luxury house prices have fallen around the world, there is still a healthy appetite for property investment among the ranks of the world’s super-rich. More…

Oman’s profile in recent years can only be described as low, particularly as far as investment property is concerned. Eclipsed by its brighter and more daring Emirate neighbours, particularly Dubai whose higher-than-high skyrises have occupied most of the Middle East property investment limelight in recent years, the Sultanate of Oman has all but escaped investor attention. More…

Foster and Partners has designed what will be the tallest skyscrapers in France to sit on the plot at La Defense in Paris owned by property company Hermitage.  More…

Last week on the Forbes Rich List, Desis were represented in the top 10. Mukesh Ambani landed in the #7 spot while Lakshmi Mittal took the #8 spot. Ambani, the chairman of Reliance Industries is currently worth $19.5 billion which gives him sole possession as the richest man in India. Unfortunately, they still have a long way to go to reach the richest man in the world worth $40 billion, Bill Gates. More…

Audi India expects to increase its sales volume in the country by 33%, selling about 1,500 units this year on the back of rapid growth in the segment.

“We are now expanding our dealership network to 15 from 12 this year. The dealership in Cochin will come up in April followed by Kolkata and Chennai, which shows our commitment to the market here,”Audi India Managing Director Benoit Tiers said.

The German car major sold 113 cars in February this year as against 58 units in the same month last year, an increase of 95%.

A pioneer for five-star resorts in Turkey, properties at Turquoise were unsurprisingly quick to sell-out. Now complete and fully-functioning as a successful holiday haven, GEM Estates is able to pass on a crazy 30% discount on the last remaining apartments. Prices from £66,000 have now been slashed to just £49,693.

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Back in November 2006 much of Boston, USA was getting excited after it was announced the city would be getting a brand spanking new supertall skyscraper to call their very own to crown the skyline as a modern day pinnacle.
The principle of the project which was thought up by Mayor Thomas M. Menino, and he called for developers to put in their ideas for the site at 115 Federal Street, one of the last remaining land parcels left for development in Boston’s central business district.
In what could now be possibly classed as an omen, only one developer showed and interest, and the 349 metre tower proposed by Steven Belkin and designed by renowned Italian architect Renzo Piano was given the wink that his tower could go ahead and everyone would love it.
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Located at Gandhinagar, the capital city of the über-industrial Indian state of Gujarat, and nearby the state’s commercial capital of Ahmedabad, the Gujarat International Finance Tec-City will be one of the world’s largest and most modern financial hubs.

From its already lofty original development goals, GIFT has since grown manifold to literally an entire city’s central business district that will be larger than Paris’s La Defense, Tokyo’s Shinjuku, London’s Dockyards and Shanghai’s Pudong financial districts. It will house over a million people with millions more commuting there daily.

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In the midst of the global economic crisis, the latest news from the hotel industry is refreshingly positive. Property investors in the hotel sector will be heartened to hear that Ernst & Young LLP – the US arm of Ernst & Young Global – recently released a report about trends in the global hotel industry which found the industry is remaining profitable in the face of recession.

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