International Real Estate: Asia's Potential from a Research Perspective considers real estate market analysis in the context of economic theory pertaining to market disequilibria, utilizing data from major cities in Asia as case studies. This framework makes it possible to determine what really defines an Asian real estate sector: What is being measured? How does it behave (in terms of price and non-price factors)? How it is structured? How effectively does it achieve sustainable total returns? And how does it manage real estate market uncertainty?
In March 1999, New York University Salomon Center in assocIatIOn with the Department of Finance at NYU Stern held a one-day conference on the impact of real estate cycles on the real estate industry both from a domestic as well as an international perspective. The conference featured the leading research on this topic in the United States, Europe and Asia. Currendy, the real estate industry is at a critical point. New development projects around the world are being put on hold given recent developments in the international capital markets. The industry is hard hit by the decline in real estate investment trust (REIT) share prices and a shrinkÂ ing pool of capital for real estate ventures. This has unfortunately coincided with serious financial problems of very large hedge funds and other institutional investors in the market for commercial mortgage backed securities. There is need for new insights into the implications of U. S. and global real estate cycles on real estate secuÂ rities including REITs and mortgage-backed securities as well as direct real estate investment. This global orientation is important given the high mobility of capital into the real estate, the increasing integration of real estate markets, and the proposed expanÂ sion of real estate investment trusts (REIT) into international real estate. The process of globalization has resulted in increased competition between cities for the attracÂ tion of investment.
The nineteen-nineties have seen a massive rebirth of the real estate industry in China. Although ownership of Chinese land is in theory restricted to the State and to agricultural collectives, in practice the concept of the 'right to use' land has evolved into a system of real estate law with many parallels in the West, including such familiar elements as mortgages, leases, zoning, liens and taxation. The difference lies in procedural requirements, and it is in this practical area that prospective foreign investors in Chinese real estate will most appreciate this informative and very useful book.Taking into account the Land Use Purpose Control System that went into effect in China on January 1, 1999, the authors of this book fully explain such important components of real estate development and use as the following: planning requirements; qualifying to obtain a land use right; fee requirements; registration procedures; taxes affecting real estate; bankruptcy provisions affecting real estate; landlord/tenant rights and duties in commercial leasing.They provide clear guidance through the complex web of administration and regulation at every government level, including the important role of the agricultural collectives in the expanding urban fringes. They analyze the areas of unsettled law--for example, tenant default remedies--that might create significant concern for Western investors, and offer recommendations that avoid pitfalls.
This book sketches the contours of a vision that moves beyond the dominant paradigm or worldview that underlies and governs modernity (and postmodernity). It does so by drawing on the remarkable leap in human consciousness that occurred during the Axial Age and on a cross-pollination of what are arguably the three most comprehensive integrative metatheories available today: Complex thought, integral theory and critical realism - i.e. a complex integral realism. By deploying the three integrative metatheories this book recounts how the seeds of a number of biases within the Western tradition - analytical over dialectical, epistemology over ontology, presence over absence and exterior over interior - were first sown in axial Greece, later consolidated in European modernity and then challenged throughout the 20th century. It then discusses the remedies provided by the three integrative philosophies, remedies that have paved the way for a new vision.
Outlining a 'new axial vision' for the twenty-first century which integrates the best of premodernity, modernity and postmodernity within a complex integral realist framework, this book will be of interest to students and scholars of the Axial Age, critical realism, integral theory and complex thought. It will also appeal to those interested in a possible integration of the insights and knowledge gleaned by science, spirituality and philosophy.
A Restatement of the English Law of Contract is the second Restatement of English law undertaken by Andrew Burrows following on the success of A Restatement of the English Law of Unjust Enrichment (OUP, 2012). Designed to enhance the accessibility of the common law the Restatement comprises a number of clear succinct rules, fully explained by a supporting commentary, which set out the general law of contract in England and Wales. Written by one of the leading authorities in this area, in collaboration with an advisory group of senior judges, academics, and legal practitioners, the Restatement offers a novel and powerfully persuasive statement of the law in this central area of English law. All lawyers dealing with the English law of contract, whether as practitioners, judges, academics, or law students, cannot but benefit from this Restatement. The English law of contract is one of the most respected systems of contract law in the world and by the device of a 'choice of law' clause is often chosen by foreign commercial parties as the applicable law to govern their contract. One of the aims of the Restatement is for the reader, including those from civil law jurisdictions, to see quickly and easily how the different elements of the English law of contract fit together.
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