21-floor building under construction in centre of Almaty to be demolished
14.04.08
A 21-floor building being built in the square of Gagarin, Mynbayev, Satpayev, and Radostovtsa streets will be demolished, - as reported by the correspondent of the agency with a reference to the Almaty Department of State Architectural and Construction Control (DSAC). This residential complex is developed by Atameken Kurylys Company. "Developer has no construction permission. We do not issue this...
Stronger Requirements to Construction Companies
14.04.08
Kaisar Omarov, Chairman of the Committee for Construction and Municipal Housing Economy Affairs at the Ministry of Industry and Trade reported that the Law of Kazakhstan on Shared Interest in Residential Construction would be amended to impose stricter requirements to construction companies. In particular, one of the amendments will serve to increase required authorized capital of the developer up...
CB RICHARD ELLIS GROUP, INC. NAMED A BUSINESSWEEK 50 BEST PERFORMER FOR SECOND STRAIGHT YEAR
12.04.08
April 7, 2008 – CB Richard Ellis Group, Inc. has been named to the BusinessWeek 50—that publication’s list of best performers across all industries—for the second straight year. BusinessWeek selects 50 best-in-class companies that the magazine says represent the star performers in each of the ten sectors that make up the S&P 500. CBRE was ranked #11 on the 2008 BusinessWeek 50, up from 16th place...
Demand for Real Estate Remains High in Almaty
11.04.08
Kazakhstan real estate market is not subject to the rules of supply-and-demand situation, and it is now very difficult to forecast its development. This statement was made by Nina Lukyanenko, the Vice-President of the National Realty Association, during «Kazakhstan Mortgage Market: Development and Challenges» round-table discussions.According to the representative of association, today one may obs...