Monthly Archives: October 2010

The finance minister of the countries belonging to the G20 agreed to prevent the devaluation of the currency that will threaten global economic recovery.

At a meeting in South Korea, the countries agreed to reform the IMF. They agreed the transfer of about 6 percent of the votes in the IMF to a number of developing countries that grew most rapidly.These countries will also automatically get more seats on the board of directors of the IMF.

However, United remain the holder of a veto over important decisions. This is because holders of 17 percent of Americans voting on important decisions.

The finance ministers who attended the meeting in Gyeongju was also agreed to move toward a more currency system is determined by the market. The deal was made after realizing that the world countries on the brink of war currency.

Countries fear will devalue its currency to increase exports in order to defeat a rival state, resulting in protectionism and damaging the global economy.

“Our partnership is important. We are all committed to play a role in achieving strong growth, sustainable and balanced in the way of a collaborative and coordinated, “the G20 said in a statement as quoted from page Associated Press.

G20 recognizes a large imbalance would make this target difficult to achieve. In this regard, China is holding its currency exchange rate, yuan, pressured by other members to maintain competitiveness.

This meeting was held ahead of the G20 summit in Seoul on 11-12 November which will be attended by the heads of state. At the next meeting is expected to give birth to a policy that will strengthen the global economy.

The Shanghai World Expo 2010 broke the record throughout history by receiving more than 64 million visitors on Saturday, October 16, 2010 this. At 11:38 am local time, on the 168th day of execution, which opened on May 1, 2010, Expo Park received 64.22 million visitors.

According to the official website Expo, the largest record previously held the Osaka World Expo in Japan that was attended by 64 million people in six months. Record Shanghai will continue to grow because new ends on 31 October.

World Expo is a gallery of thought of human inspiration. Since held in 1851 when the Great Exhibition in London Industry All Countries, the World Expo has become a means of cultural exchange, economic, science and technology.

And for 2010, China had the honor as the executor. Expo in Shanghai is expected to serve as cross-Expo Dialogue. Before the close on 31 October, will be raised Declaration of Shanghai.

Hong Kong government is likely to sell property in the Peak District worth 1.35 billion U.S. dollars in the auction, sales are made to restrain the rate of increase in property prices due to membeludaknya demand.

Property prices in Hong Kong is continue to climb. Since early 2009 until now, property prices have gone up 38 percent. This year, housing prices in the middle of the city have gone up 9.6 percent. Centaline Property Agency Ltd. said house prices rose 10 percent chance again in the second half of this year.

The price increase occurred because of the large demand, particularly from mainland China. Understandably, many newly rich Chinese who tried to find a house today. The problem is, the supply of available land and buildings in Hong Kong has become more limited. As a result, since in recent years, the Government of Hong Kong’s industrious auctioning their property to restrain the rate of increase in the property.

Property is about to be auctioned tomorrow lies in the way of Mt Nicholson 103. This property is a premium-class housing.Previously, the inhabitants of this region are government officials.Its location is very strategic. In addition, the panoramic ocean properties.

Based on a survey of seven analysts, the price of property in the middle of this Peak region of 8.9 billion Hong Kong dollars and 11.5 billion Hong Kong dollars. When calculated, the price of one square foot of between 27,000 and 35,000 Hong Kong dollars Hong Kong dollars.

“The auction tomorrow is very attractive to developers because the location is premium and sea views,” said Alnwick Chan, Executive Director Franck Knight LLP.

In previous auctions, Sun Hung Kai Properties Ltd., the largest developer in terms of market value, has bought up land in the area of Ho Man Tin worth 10.9 billion Hong Kong dollars. Price per square foot for 12,450 Hong Kong dollars. This is the highest price since the Government of Hong Kong to auction.

The blossoming of the apartment business is recognized by St. Moritz Penthouses & Residences. Currently, the superblock owned by PT Lippo Tbk it began to build a tower for The New Royal Suite Tower. The tower has 196 units measuring 84 square meters (m2) up to 107 m2.St Moritz sells the apartments are worth USD 1 billion up to Rp 2 billion per unit.

In selling The New Royal, St. Moritz priority pass card that also functions as a tool Panjer / signs to be worth USD 15 million. Budhi Gozali, Director of the St. Moritz said, with a priority pass card, consumers can get the initial price, how to pay the light, discounts, and select the desired units.

Unfortunately, Budhi not want to divulge the discount will be given to prospective buyers. ”What is clear to this day pass priority cards already sold nearly 100 percent,” said Budhi in Jakarta,
Budhi hope, at the launch later aka pre sale pre-sales could reach 50 percent. St. Moritz will perform handover of the key The New Royal at the end of 2013.

According to Budhi, The New Royal apartment is an apartment that provides a compact premium private elevator. These apartments are strategically for consumers who are looking for a place to stay because the location of St. Moritz is integrated with other infrastructure such as shopping centers, Hypermart, Siloam Hospital, Sekolah Pelita Harapan, as well as offices.

This location is also only takes 10 minutes from Soekarno-Hatta.For investors, this apartment was prospectively. When in August 2008, land prices in situ USD 6 million per m2, so now the price has grown 133 percent to USD $ 14 per m2.

The New Royal is a fourth tower to be built St. Moritz after build three other towers. Three towers of St. Moritz, among others, the Presidential Suite of 124 units, 220 units of The Royal Suite, and The Ambassador Suite 150 units. Since the first slide in August 2008, the three towers have been successfully sold $ 1 trillion.