US new-home sales increase in March to fastest pace of year
At the same time, mortgage rates have climbed from a recent low at the end of February
Market News
Market News
Blue Owl data centre operator Stack considers US$30 billion sale of Asia operations: sources
The firm has been speaking with prospective advisers about a partial or full sale of the assets in Australia, Japan and Malaysia
Marina One office complex attracts CapitaLand, Hongkong Land: sources
The high price target has been an obstacle to a sale of the asset, which could also lure other suitors, possibly in...
Balestier Regency up for fourth en bloc sale bid at S$255 million
The price tag is about 17% higher than the second attempt in 2018 when it was launched for sale at S$218 million
Can a second home tax work in New York? The numbers don’t add up yet
The tax proposal is being held up as a generational attempt to make the ultrawealthy pay more to society
Hong Kong property shares rally as Morgan Stanley feeds optimism
The bank raises its estimate for home price growth 12% this year from 10%, and expects another 5% in 2027
Drop in HDB resale flat prices in Q1 no cause for panic among condo buyers
But mind weakening tailwind in upgrader demand if HDB resale market weakens
CICT’s Tan Choon Siang marks first year with billion-dollar deal streak
Acquisition of Paragon and divestment of Asia Square Tower 2 follow CapitaSpring deal and ION Orchard acquirement
Builder China Vanke posts 5.95 billion yuan loss in Q1
The loss stemmed mainly from declines in home settlements
Italy’s Meloni backs housing access plan as election nears
It includes the refurbishment of existing social housing and steps to halve notary fees
UK house prices rise in April despite Iran war headwinds: Nationwide
They go up 0.4% after a 0.9% increase in March, in contrast to economists’ expectations in a poll for a 0.3%...
New Zealand house prices lack momentum as buyers sidelined
While they rose for a third straight month in April, the increase was just 0.1% from March: property consultancy
Australia’s home prices grow at slowest pace since Jan 2025
Every capital city reports weaker growth in April: property consultancy
Quicker hiring process for migrant construction workers from 2027 amid strong building demand
This will shorten the hiring process from four months to one month
China’s Shenzhen relaxes home buying rules to boost demand
Loan limits may be increased by up to 60% for first-home purchases
JLL Singapore cuts over 20 jobs or 1% of workforce; Knight Frank Singapore also lays off staff
The latter confirms it is trimming a ‘small number’ of marketing and communications roles
Qatari royals seek to recoup costs on US$400 million Los Angeles mansion
Even at that price, the seller would be unlikely to break even on the investment
Developer China Vanke posts 5.95 billion yuan loss in Q1
[BEIJING] China Vanke’s losses dragged on in the first quarter as the embattled developer faces a wall of upcoming debt maturities.
US mortgage rates tick up to 6.37%
[WASHINGTON] US mortgage rates rose last week for the first time in a month, with the average 30-year fixed-rate mortgage up 2...
CDL strategic review ‘timely’ after last year’s disputes, Sherman Kwek tells shareholders
The exercise will be ‘a look back at everything we’ve done’, says group CEO; details to be unveiled by end-June