Nearly 45 per cent of the government’s encroached land auctioned on Saturday fetched prices less than the guidance value. On the whole, 254 acres of land was auctioned for a mere Rs. 71.50 crore.
Though the remaining 140 acres of land fetched a little above the guidance value, bidders made a killing as the price they [...]

Two parcels of land have brought $958,000 into the city coffers to boost next year’s budget.
Auctioneer Daniel J. Flynn was upbeat as he auctioned off the two tax title properties Friday afternoon. Hearing about the influx of money, city officials were, too.
“I’m ecstatic,” said Mayor Charles Crowley when told the city would collect $129,000 for [...]

Economic growth in the United States slowed to a near-crawl of 1.3 per cent at an annualized pace in the first three months of 2007, the worst performance in four years, the commerce department says.
The main culprit was the housing slump.
The reading on gross domestic product released yesterday was even weaker than the 2.5 per [...]

Dubai’s Roads and Transport Authority is to auction off around 25 plots of land near to proposed metro stations, reported Gulf News. Abdul Mohsin, the CEO of Strategic and Corporate Governance at the RTA, said the land would be used for residential and commercial projects and would be handed over on long leases of around [...]

Sales of non-new US homes fell 8.4% in March, the sharpest month-on-month drop for 18 years and a further illustration of weakness in the US housing market.
The data, from the National Association of Realtors, also showed the number of homes sold was at a near-four year low.
The housing market has stuttered badly in recent months, [...]

Building lots and two houses owned by the city will be sold in the sixth of a series of property auctions next week.
The auction, with 13 properties on the block, will be conducted at 6:15 p.m. May 3 in City Hall on Lyon Terrace.
Brian Williams, the city’s deputy chief executive officer, said the five previous [...]

The Dubai Municipality held the first-of-its-kind auction to lease out its villas and shops located on the main Jumeirah Road stretching from Union House to Burj Al Arab.
A total of 12 commercial villas and 12 shops with sizes between 3,500 square feet to 5,000 square feet were auctioned to those who participated in the bidding [...]