Archive for March, 2007

West Kowloon site to go for auction May 8

Friday, March 30th, 2007

A West Kowloon site has been triggered for sale under the application list, and will be put up for auction on May 8 with an opening bid of $2.605 billion.
The site, at the junction of Hoi Wang Road, Yan Cheung Road and Yan Yau Cheung Road, will be offered for sale at the Hong Kong [...]

Dubai Land Department announces AED ¼ bn auction of Trade Centre II plot

Thursday, March 29th, 2007

The auction of the Trade Centre II plot will take place during the International Property Show 2007, which is scheduled to run from April 3-5.
The land being auctioned covers an area of 14,731 sq. ft. and has been designated for commercial and residential development. Humaid Al Shamsi, Head of Auctions at Dubai Land Department, [...]

International Society of Appraisers Conference on Personal Property Appraising

Tuesday, March 27th, 2007

The ISA Annual Conference on Personal Property Appraising, presented by the International Society of Appraisers April 12-16, 2007, Ft. Worth, TX provides a broad spectrum of information and activities directly relating to the field of Personal Property Appraising.
If you’ve never attended ISA’s Annual Conference before, you owe it to yourself - and your appraising [...]

Newhome sales in the U.S. fall in February

Monday, March 26th, 2007

New-home sales in the U.S. unexpectedly fell in February to the lowest since June 2000, dimming prospects for a quick revival in housing.
Purchases declined 3.9 percent to an annual pace of 848,000 last month from a revised 882,000 rate in January that was lower than previously reported, the Commerce Department said today in Washington. The [...]

Lovingly Restored Hotel Chauvet Condos for Sale at Auction

Monday, March 26th, 2007

Starboard TCN Worldwide Commercial Real Estate, headed by Hans Hansson, has established an Auction Services Group under the direction of David C. Rutgers, a veteran auctioneer who has sold more than 40 condominium projects at auction.
Starboard’s first auction will take place on Saturday, April 28, with the sale of six high-end condominiums in the Sonoma [...]

Changes to kill property auctions

Sunday, March 25th, 2007

NEW real estate legislation has the potential to “completely kill” Adelaide’s currently thriving auction market, according to the Real Estate Institute of South Australia.
President Mark Sanderson said he feared some of the proposed changes - which include allowing only one vendor bid at auction and the compulsory registration of bidders - could destroy the industry’s [...]

Salthouse Mills back on the auction block

Saturday, March 24th, 2007

Salthouse Mills is back up for sale through London auctioneer Erinaceous Auctions on Friday with a guide price of £2.25m.
It comes after it failed to sell during a similar auction run by Barnard Marcus with a guide price of £3m last month.
The property was originally priced at £6.5m just five months ago.
An online advertisement [...]