Word: condominium
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...manufactured for some cheesy ethnic show at a beach resort. But because of these bountiful customs, Bali teems with taboos that can trip up even veteran expatriates. By contrast, Phuket's real estate market is simpler to negotiate with several top international property agencies open for business. Buying a condominium is so straightforward that an increasing number of people - particularly from Hong Kong, Singapore and the Middle East - are purchasing for investment purposes. Yet all that ease, along with better roads and telecommunications, comes at prices that are roughly 40% higher than those in Bali. And for potential buyers...
...stranded and one well known business closed until further notice. Shortly after 9:00 p.m. last night, a fire broke out in a Cambridge apartment complex on Harvard Street near Pennypacker Hall. According to Deputy Fire Chief Francis E. Murphy III, the fire was confined to a fourth floor condominium belonging to an elderly woman. Firefighters were able rescue the woman, who Murphy said probably suffered burns and smoke inhalation. Murphy said that the blaze was a two-alarm fire and that the cause of the incident is still unknown. Firefighters shattered the windows on the top floor as they...
Huge high-rises on the beach, in fact, played a major role in Florida's boom and bust. There are 40,000 condominium units being built right now in greater Miami, and consultant Lewis Goodkin estimates it will take five to seven years just to work through all that inventory. That's five to seven years of downward pressure on local housing prices, construction employment and the like. The great test of the coming months and years is whether the U.S. economy is strong enough to withstand that kind of pressure without buckling. Right now things aren't looking good...
...upstart in Cambridge, Mass., wants to make it easier to receive packages at home. IdentiCert has developed a modular, electronic storage box system that can be installed in any apartment or condominium complex. Invented by three recent graduates of the Massachusetts Institute of Technology's Sloan School of Management and funded by private investors, the easyQube kiosk is modeled after low-tech oversized mailboxes secured by key that have long been used in Germany, the Netherlands and other European countries. EasyQubes, on the other hand, open with an electronic swipe card, and recipients are notified via email when their package...
...Moreover, the business model followed by many Chinese developers is geared for making a quick buck, not for long-term profits. In the West, many developers build, own and manage their malls. In China, retail projects are "condominium-ized." That means the developer builds the space and then sells off individual shops to retailers. Because this strategy offers almost instant profits for investors, builders have little incentive to pick tenants carefully-and no incentive to ensure the facility is properly managed for the long haul. "If there's any empty stall when it comes close to time to open...