No home, no insurance: The double hit from Los Angeles fires
Insuring property in California is becoming increasingly difficult
Property Market News
Singapore Property Market News
Indonesia's Prabowo to spend US$3 billion on new capital city through 2029
He plans to relocate the government there by 2028
Jadescape owner sells unit for S$4.4 million profit after 5 years, topping Q4 resale gains
Most buyers of condos worth S$10 million or more are permanent residents
UBS halts margin loans on some New World Development securities
UBS Group halted accepting some bonds and shares of New World Development as collateral for margin loans, joining other global lenders in...
Zhenro founder under ‘compulsory measures’ by China authorities
THE founder of Chinese developer Zhenro Group has been placed under “compulsory measures” by authorities on suspicion of crime.
New World offers US$15 billion for loan collateral as stress grows
NEW World Development has offered properties valued at US$15 billion as collateral for loan refinancing, underscoring the increasingly onerous funding conditions facing...
Country Garden shares surge 11% in resumed trade after nine-month halt
SHARES of China’s embattled Country Garden jumped as much as 11 per cent in resumed trade on Tuesday following a more than...
Airbus puts Seletar Aerospace Park facility up for sale at S$20 million upon Kelley Aerospace’s exit
CBRE, which is marketing the property, says it is suitable for an aviation business and can be used to maintain, repair and...
Last 2 BTO projects delayed by Covid-19 completed
All 92 Build-To-Order (BTO) projects that were delayed by the Covid-19 pandemic have been completed, after construction for the last two developments...
Singapore Reits need to stay relevant by scaling up and owning more good domestic assets
The government can consider a stamp-duty waiver for the transfer of properties into existing listed trusts or trusts eyeing a public listing
China steps up Vanke intervention as developer woes deepen
CHINESE officials are taking steps to stabilise operations at China Vanke after deepening liquidity stress and questions surrounding the whereabouts of its...
UK home asking prices show biggest early-year rise since 2020: Rightmove
AVERAGE asking prices for newly listed homes in Britain had their biggest start-of-the-year increase since 2020 but uncertainty about the pace of...
Country Garden given more time for debt talks by Hong Kong court
A HONG Kong court granted Chinese builder Country Garden Holdings more time to try to reach an agreement with creditors, delaying a...
Major housing policy moves unlikely so soon after rollout of new BTO classification, enhanced grants
More time is needed for new policies to take effect before considering new initiatives, observers say
The Orie by CDL, Frasers, Sekisui sells 86% of units at average of S$2,704 psf at launch
Demand drives prices to record highs for Toa Payoh neighbourhood, with more popular units reportedly selling at more than S$3,000 psf
Kuwaiti developers seek to tap property boom in Dubai’s neighbour
Two Kuwaiti developers have announced plans for a 3.5 billion dirham (S$1.3 billion) housing project in Sharjah – Dubai’s neighbour to the...
UK market turbulence pushes mortgage costs to 5-month high
The cost of the UK’s most popular mortgages have risen to their highest level since August as the turbulence that’s gripped the...
‘Home Alone’ house sells above asking price at US$5.5 million
Multiple offers lead to a higher figure than the US$5.2m the owners had sought
UOBKH favours SGX-listed US office Reits as corporate giants mandate return to offices
Big boys like Amazon and Boeing want their employees in the office five days a week, heralding a boost to leasing volumes
China home prices fall at slower pace as stimulus takes hold
Figures suggest property values are starting to steady as policymakers step up efforts to end the housing slump
Chinese tycoon’s luxury mansion in Hong Kong sees 60% price cut
A BANK trying to unload a luxury mansion in Hong Kong formerly owned by a Chinese property tycoon has slashed its price...
US homebuilders’ sales expectations slip as financing costs rise
US HOMEBUILDERS grew less upbeat this month about sales prospects as surging mortgage rates risk spooking buyers.
China Vanke’s CEO detained by authorities, state media reports
CHINA Vanke CEO Zhu Jiusheng was detained by public security authorities on Jan 15 and a Shenzhen government task force has stepped...
Airbnb to spend millions in lobbying New York to ease rental ban
AIRBNB is pouring millions into a pair of New York political campaigns as it pushes back against short-term rental restrictions that took...
Frasers Property shareholders raise questions on gearing and emerging market strategies
It will continue pursuing risk-adjusted returns and divest assets ‘at the right time, at the right value’: group CEO Panote Sirivadhanabhakdi
Singapore government ‘not averse’ to more property cooling measures if necessary: Desmond Lee
Proportion of private property downgraders paying high prices for HDB flats drops from 34% to 12% after wait-out period implemented
HDB to supply 19,600 BTO flats in 2025 amid continued rise in resale prices
Among these units, 3,800 will have a waiting time of less than three years
Vanke’s bond sell-off signals growing worries about debt payments
CHINA Vanke, long considered a bellwether of the country’s property market, is facing a deepening bond sell-off as worries grow about its...
UK housing market at risk from bond turmoil, surveyors warn
THE UK housing market faces a “significant headwind” if government bond yields remain elevated, the Royal Institution of Chartered Surveyors (Rics) warned...
New York City apartment values expected to jump 7.3%
RESIDENTIAL real estate is poised to lead a comeback in New York City property values amid a housing shortage and still-high interest...
Shimao gets court approval to hold vote on restructuring plan
DEFAULTED developer Shimao Group Holdings received a Hong Kong court’s approval to hold a creditor meeting for a vote on its US$11.5...
Canadian home sales slow as buyers await more rate cuts
CANADIAN home sales dropped in December as buyers took a break from the market to await further interest-rate cuts from the central...
US mortgage rates pushing past 7% hint at tough road ahead
US HOMEBUYERS contending with the highest borrowing costs in eight months are seeing mortgage rates rise past a psychological barrier that risks...