Property News
GuocoLand-led group tops Lentor Central site tender, with S$1,278 psf ppr bid above expectations
State tender for the private housing site garners five bids
Mark Zuckerberg breaks Miami record with US$170 million mansion
The sale at 7 Indian Creek Island Road sets a record for the most expensive home sale in Miami-Dade County
Reits that don’t trade well should be privatised, or sell assets and be liquidated
After selling One Raffles Place, OUE Reit should be taken private or divest the rest of its properties
Sydney home prices flatline while rest of Australia stays strong
Money markets and many economists expect the RBA will raise rates again in May to 4.1%
Ossia’s Goh family picks up S$73 million bloc of 18 strata units at Orchard Shopping Centre
While there are plans to enhance the units’ facades, the buyer will likely wait for greater clarity on the outcome of the...
China’s new home prices fall at fastest pace in over 3 years in February, survey shows
The prolonged property downturn has eroded household wealth, crimping consumption
Bedrooms for sale highlight the depths of Europe’s housing crisis
Unconventional solutions reflect how younger Europeans are being priced out of traditional home ownership
Wall Street hit by UK mortgage lender collapse, raising fears of more credit ‘cockroaches’
London-based Market Financial Solution specialised in complex property-backed loans
CDL undertakes review to relook strategy, optimise portfolio and capital recycling
It plans to divest UK development platform by end-2026, says group CEO Sherman Kwek
Land betterment charges upped 4.1% on average for non-landed residential, 4% for landed residential uses
LBC rates raised on average by 3.2% for industrial and 0.5% for commercial use groups; no change for hotel/hospital/nursing home use
Sunway is willing to walk away if RM11 billion IJM bid rejected
The bid faces political scrutiny over concerns it dilutes government equity and indigenous rights
India’s Leela Palaces pins fiscal 2027 growth on luxury room shortage, affluent demand
The supply of luxury hotel rooms is limited at around 30,000 keys in the world’s most populous country, according to its CEO
Online tool launched for developers to estimate land betterment charges upfront for greater cost certainty
The government is also exploring longer tenures for state properties, especially those that enable ‘innovative development’
Redas, NUS tie up to offer trainee, internship programme for real estate talent pipeline
It will provide students with exposure to real estate careers in both the public and private sectors
Anil Ambani’s US$410 million Mumbai condo seized in probe
India’s anti-money laundering agency alleges he has defaulted on over 400 billion rupees worth of loans from banks
Frasers Property defends turf with S$391.9 million acquisition of The Centrepoint rear block
This will allow the group to consolidate adjoining sites for a major redevelopment in the future
30-year mortgage rate falls below 6% for first time since 2022
A rate with a five at the front will ease affordability slightly and may get some buyers off the fence
Five-star hotels lead price increases in Milan during Winter Olympics
Ticket prices running into several hundred euros put the events out of reach for many
US mortgage rates reach lowest since 2022, spurs refinancing
The contract rate on a 30-year mortgage dropped 8 basis points to 6.09% in the week ended Feb 20
Shanghai eases homebuying rules in sign of China property relief
Non-residents paying one year of social security or tax now qualify to buy homes in urban areas
Receivers put one-seventh stake in Cheong family’s Oxley Rise mansion on the block
The prime freehold residential landed plot was put up for sale in 2022 at S$300 million
Hong Kong hikes stamp duty for luxury homes as sales rebound
Developers have made a number of high-profile luxury property sales in the past few months
Serenity Park condo in Yio Chu Kang put on the market at S$505 million
The price tag translates to S$1,453 psf ppr
Tan Boon Liat Building in Outram up for sale again at lower S$1 billion reserve price
The price tag translates to a land rate of about S$1,757 psf ppr
URA releases two prime condo sites at Holland Plain, River Valley for sale
Both are Core Central Region parcels, with the Morrison Lane site being offered from the reserve list of state land sales programme
Luxury property complex in Thailand seeks more overseas buyers
Foreign demand has softened amid geopolitical tensions, trade disputes, safety concerns and a deadly earthquake