China warns cities to cut reliance on property, developers’ shares fall
The total sales of China’s top 100 real estate developers soared 35 percent last year, according to private research firm CIRC
SECP revamps regulatory framework for REITs
ISLAMABAD:Â In continuation of its efforts to foster the growth of real estate investment trusts (REITs), the Securities and Exchange Commission of Pakistan...
Government reluctant to implement key reform on immovable properties
Notwithstanding, it is mandatory under Income tax law to establish the Directorate General of Immovable Property
With eye on local debt, China vows to bolster watch over ‘specialty towns’
The state planner, in a meeting on Friday, urged various ministries involved - including the land ministry and the housing ministry - to improve the quality of specialty town projects
FBR to brief PM about administrative measures to boost revenue collection
The tax regulator has projected Rs37 billion in tax demand from an audit of high net-worth individuals
Govt discerns over 24,000 properties for privatisation to raise proceeds
The cabinet was informed that around 24,066 properties fell in three brackets, rest house, federal government property and residence
Govt removes stipulation permitting non-filer overseas Pakistani’s to purchase property
The government issued a circular disclosing the stipulation on purchase/transfer of property having a value over Rs5 million by non-filers was not applicable to legal heirs procuring property via inheritance
Naya Pakistan Housing: pipe dream or bold vision?
Experts weigh in on the feasibility of the government’s target of building 5 million homes in the country over the next five years
Eighteen: How an Egyptian company is building a new $2 billion Islamabad suburb
Orascom’s real estate arm believes there is a large enough market for Pakistanis who want to live the suburban life around the nation’s capital
FBR unearths 16,000 tax evaders with investments in realty sector
In the last two years, over 80,000 transactions worth around Rs800 billion (according to deputy commissioner rates) were recognized however the market value of these transactions is probably going to be much higher than the aforementioned figure
SBP notifies new rules for recovering loans from defaulted mortgagees
Previously, the banks were only permitted to auction mortgaged property after the conclusion of the due process
KSA to auction indebted billionaire’s real estate Â
RIYADH:Â Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions...
Turkey rules property sales, rental agreements must be in lira
The lira has lost some 40 percent of its value against the dollar so far this year over concerns about Erdogan's influence on monetary policy and a diplomatic spat between Turkey and the United States
Eighteen marks its presence in KPK, launches sales office in Peshawar
Eighteen – Pakistan’s most luxurious and modern, mixed-use, residential project, in an aim to enhance its presence provide convenience for its investors...
FBR collected Rs23.8 billion from real estate sector in FY18
During FY18, the Federal Board of Revenue (FBR) amassed Rs5.2 billion in taxes on sale and transfer of properties, which was 14 percent higher than FY17