As Canada’s real estate market continues to defy popular predictions of a slowdown, privately-transacted sales are keeping pace as homeowners look for ways to pocket the fees usually collected by real estate agents. Many owners are now choosing to bypass real estate agents to sell their homes themselves in order to save the average six per cent commission most agents charge. On a $250,000 home, this can amount to $15,000, a hefty sum for most Canadians.
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CHERRY HILL, N.J., Sept. 12 /PRNewswire-FirstCall/ — Commerce Bancorp Inc. announced today that William G. Palkewick has joined the Bank as a Vice President and Real Estate Manager.
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Prior to joining Commerce, Palkewick served as the Director of Real Estate Development for the Toys “R” Us corporation. During his 21-year tenure with the company, Palkewick successfully completed more than 250 transactions involving Toys “R” Us sites in regional shopping malls, strip shopping centers, and free-standing stores throughout the mid-west and southeast United States. His responsibilities included strategic real estate analysis and planning, demographic analysis, site location research, retail market analysis, and the negotiation of related legal documents.
“Bill’s extensive commercial real estate development experience with a growth-oriented retail chain will make him a valuable addition to our Real Estate Development team,” said Robert Falese, President and CEO of Commerce Bank N.A. “Bill’s proven track record at Toys ‘R’ Us is an ideal match with Commerce Bank’s retail strategy. His focus on the successful completion of real estate transactions will help to foster the ongoing growth of the Commerce network.”
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Singapore recently played host to the largest gathering of Vietnam’s Real Estate industry ever to take place in the region. Some 176 delegates from China, Hong Kong, Indonesia, Malaysia, Singapore, USA and Vietnam attended the inaugural Vietnam REAL ESTATE 2007.
The event also coincided with the visit by the Vietnamese Prime Minister Nguyen Tan Dung who led a large delegation comprising cabinet members and business leaders to Singapore on 13 and 14 August
The initial aim of Vietnam REAL ESTATE 2007 was to unite only parties from Singapore and Vietnam. Instead, more than 170 delegates from seven countries converged in Singapore to network and to enter into partnership to develop Vietnam’s Real Estate. The organisers were pleasantly surprised by the overwhelming response.
The two-day event was jointly organised by HCM City’s Investmnet & Trade Promotion Centre and Synergy Int’l Events Pte Ltd from Singapore. Mr. Simon Cheong, president of the Real Estate Developers Association of Singapore officiated at the opening ceremony on 13 August. This was followed by a first round of networking amongst the delegates over a welcome reception.
The senior management of the United Overseas Bank Limited led by Mr.Francis Lee, Senior Executive Vice President hosted a Developers Networking Dinner the same evening in honour of the visiting real estate delegations from HCM City and Phu Yen Province.
