Ferrari first, beach house next - rich Oz property owners feeling the pinch

Sought after beachfront properties in Australia are being sold at bargain prices as the economic crisis start to hit even those who are well off.

$700m spa town plan cools
by newsfeeds@nzherald.co.nz
A planned $700 million redevelopment of north Auckland spa town Waiwera is on hold and some of the land is to be sold, as tough economic times hit the developer. The McEwan Group had planned to build a 215-unit hotel in the village,...

ASIA MARKETS: Tokyo And Shanghai Glum; Real Estate And Chip Firms Off - CNNMo...

Straits Times
ASIA MARKETS: Tokyo And Shanghai Glum; Real Estate And Chip Firms Off
CNNMoney.com - 18 Nov 2008
Asian markets fell on Tuesday, as banks and real-estate shares in China and Hong Kong fell on concern that economic growth may be even slow...