28.01.2009  Developers Peg Prices
Several development companies, in particular, DSK-1, M-Industria, Snegiri and PIK announced that they would start using conditional units on February 1 in settlements with their customers. Don-Stroy is going to keep the same prices in roubles until February 15. The companies MIRAX GROUP...

20.01.2009  Development Companies Start Converting Apartment Price Tags into C.U.
To reduce their foreign currency risks, development companies start converting apartment price tags into conditional units (C.U.). Under conditions of the galloping rouble devaluation developers will peg the cost of square meter to the dual currency basket. The major players in the...

13.01.2009  Yury Luzhkov: False Info on Plunge of Housing Prices May Lead to Collapse in Moscow Building Sector Operation
False information about the plunge of housing prices may lead to a collapse in operation of Moscow building sector, as Mayor Yury Luzhkov stated today at the meeting of the City Government. According to him, the recent information in the media about the possible 50% reduction of housing...

19.12.2008  Kutuzovsky and Zvenigorodsky Prospekts to Be Linked by Turnpike in Moscow
The new turnpike which will link Kutuzovsky and Zvenigorodsky Prospekts will be built in western Moscow. As reported at the meeting of the Moscow Mayor’s Public Urban Planning Council by Alexander Kuzmin, Chief City Architect, the route will be built in the framework of reconstruction...

18.12.2008  Moscow Government Disapproves of Some Transactions Planned by Shareholders of Sibir Energy: City Authorities Object to Sales of Chigirinsky’s Real Property
"‘During the meeting, it is planned to approve a few transactions on purchase of various assets, including real property owned by Shalva Chigirinsky, one of the shareholders of Sibir Energy (Sovetskaya Hotel, share in the Moscow City investment project, Novaya Gollandia project in...

04.12.2008  Number of Residential Realty Transactions Hasn’t Reduced, Experts Say
Knight Frank experts say that the number of residential realty transactions hasn’t reduced, and their budget has increased by 40%.

01.12.2008  City Government: Moscow Land Will Not Fall in Price
The financial and economic crisis which has reached Russia will not impact the cost of land in Moscow. This is the opinion held by the city government. At the same time, the City Property Department forecasts the decline of site privatization rate by the owners of capital construction...

17.11.2008  $500 M for Housing
The development company Don-Stroy has drawn the largest support from the state among the consumer sector companies: $500 M credit was extended to it by VTB.

13.11.2008  Head of Building Trust-DS: Company Is Not Confused That Start of Its Independent Market Activity Coincides with Financial Crisis
The portfolio of Don-Stroy’s industry sub-holding, Building Trust-DS, counts 15 projects, including commercial real estate and facilities ordered by the city, said Aslan Temirov, Director General of the company to Interfax-Realty on Monday.

07.11.2008  New Player Entered Moscow Realty Market
A new player appeared in the Moscow realty market: the general contractor Building Trust-DS, which specializes in construction of high-rise buildings, as reported to KDO by the Press Service of DON-Stroy group of companies.