Seven Online

The confluence of economic uncertainty brought on by the deepening subprime crisis has posed a real risk of a systemic financial event and a prolonged global economic slowdown. This, coupled with another round of de-leveraging in the structured credit market has led to further pressure and deterioration in real estate prices, predominantly in the US and Europe. Given that the pendulum swung as far as it could in the direction of reckless mortgage lending, it will now swing back towards the quaint notion of buyers being lent only the amount they can reasonably be expected to pay back. Whilst the rout has largely been confined to markets outside Asia, we see considerable softening in real estate markets with high foreign participation and in certain high-end segments. Opportunistic investors are pulling back from Asian property given more scope for acquiring distressed assets in their home markets, and loans remain elusive in Japan and Singapore, one of their favourite markets.
Read more at ArabTimesOnline.com

No Comments » Posted by se7en / Hangzhou Economy

Low-fare champion AirAsia X, a popular Malaysian-based carrier has launched its ‘Flying Higher’ online promotion offering discounted flights from April 17 between the Gold Coast, Kuala Lumpur (KL) and Hangzhou.

AirAsia X is offering one way tickets from the Gold Coast to KL for only $169* taxes and surcharges inclusive. This offer is valid for sale online until April 22 for travel between July 7 and November 12 of this year.

KL, Malaysia’s capital City is a must-see- visitors will appreciate the city’s elegant colonial buildings which are interspersed with soaring contemporary architecture and ground level markets that provide a colourful array of gifts and mouth-watering local cuisine.
Read more at eTravelBlackboard.com

No Comments » Posted by se7en / travel