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Japan real estate investment set to hit record for second year
Investment volume is forecast to climb to seven trillion yen this year
China Evergrande founder sentenced to life in prison
This ends Hui Ka Yan’s rags-to-riches story but is unlikely to bring much solace to developer’s domestic and foreign creditors
Hong Kong’s student housing crisis spurs bank lending boom
The city’s loan bankers find a new sweet spot – turning old buildings into student dormitories
US housing market remains under pressure in July
Contract signings for existing homes are down 2.3% on the month to the lowest level since January
Vietnam to reform land acquisition rules to boost economic growth
The proposal comes in response to delays to several projects because of disputes over compensation and resettlement
China widens use of US$1.6 trillion fund to spur spending on homes
The fund has more than the outstanding amount of mortgage loans
Australian regulator finds mortgage fraud across major banks
Agency finds inflated incomes, misrepresented employment and fabricated business activity were used to support loan applications
Oei Tiong Ham Park area GCB sold for S$31.3 million
This translates to about S$2,089 psf on freehold land area of about 14,982 sq ft
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