Poly Real Estate 2008 Property Sales Rise to 20.5 Billion Yuan (Bloomberg)

Jan. 6 (Bloomberg) -- Poly Real Estate Group Co. , China’s second-largest publicly traded developer, said property sales rose 20.4 percent to 20.5 billion yuan ($3 billion) last year.

Poly real estate 2008 property sales hit 20.5b yuan (China Daily)

Guangzhou-based Poly Real Estate Group Co, China's second-largest publicly traded property company, said sales rose 20.4 percent year-on-year to 20.5 billion yuan ($2.99 billion) in 2008.

Ajman establishes real estate regulator (AME Info)

The UAE emirate of Ajman has established a new real estate regulator for its fast-growing property sector. The Ajman government on Tuesday amended a law creating the Ajman Real Estate Regulatory Establishment.

Commercial real estate: Manhattan sales slump (Sun-Sentinel)

Manhattan commercial real estate sales fell 66 percent in 2008 to $17.09 billion, the lowest in four years. Only 20 property sales worth $5 million or more closed in the fourth quarter, and there were 250 such deals in the year, according to Real Capital Analytics Inc., a real estate data service based in New York.

Real Estate Market Sees Significant Drop In New Year (NY1 News)

The bleak economy is hitting the city's commercial real estate market hard according to a newly released report. The findings by property manager Cushman and Wakefield show a 19 percent drop in new commercial leases in Manhattan from 23.5 million square feet leased in 2007 to 19.1 million in 2008.