Word: condominium
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Opponents of 1-2-3 also received a boost this summer when the state Department of Revenue ruled that the third part of the referendum--which establishes an affordable housing trust funded by the increased tax revenue generated by condominium conversion--could not be implemented...
Opponents of 1-2-3 also received a boost this summer when the state Department of Revenue ruled that the third part of the referendum--which establishes an affordable housing trust funded by the increased tax revenue generated by condominium conversion--could not be implemented...
...Hazardous chemicals slow development plans on two Harvard Square sites--the Harvard-owned Gulf station property across from the Harvard Union and a multi-million dollar condominium development. The next week, Harvard Real Estate officials criticize the state for the strictness of its environmental clean-up standards...
Local real estate analysts estimate that Hong Kong investors are involved in 60% of new condominium construction and 25% of all apartment-building sales this year. Asians purchased more than $420 million worth of commercial real estate alone last year. Total Vancouver real estate holdings of Hong Kong Chinese: $2.1 billion...
...time residents, the problem seems to be less the buying binge than the perception that their neighborhoods are being offered on international markets far removed from local buyers. The unease crested last December, when condominium units developed in Vancouver by Li were snapped up in Hong Kong within 2 1/2 hours of the offering -- before they were even put up for sale in Canada. Says Susan Alexander, a member of a local group that is demanding stiffer government controls on foreign real estate buyers: "Our housing is being treated like a commodity on the stock exchange." Alexander is being evicted...