Property News
Japan housing finance sells RMBS at widest spread since 2023
Longer-tenor yields are also near multi-year highs
InterContinental Times Square hotel in New York said to near sale for US$230 million
The 607-room property was refinanced in 2018 with a US$190 million loan from Blackstone Mortgage Trust
Hongkong Land shares soar 12% to six-year high on S$738.7 million MCL Land divestment
It is selling its Singapore and Malaysia residential property arm to Malaysian conglomerate Sunway Group as it exits the residential build-to-sell sector
Mitsubishi Estate-backed Japan Reit weighs equity offering plan
The plan comes as the Tokyo Stock Exchange Reit Index hit its highest close in more than two years on Tuesday
Housing crisis forces more Australians to rent in retirement
Higher pension eligibility ages, cost pressures and better health have all pushed retirement further back
US mortgage rates decline to lowest point in nearly a year
Borrowing costs have fallen significantly enough in the past couple of months to spur a surge in refinancing
Malaysia’s Sunway to buy Hongkong Land’s development arm MCL Land for S$738.7 million cash
The sale is effectively at net asset value, says Hongkong Land chief executive Michael Smith
US single-family housing starts near 2.5-year lows as inventory bloat weighs
The Federal Reserve’s rate cuts may not revive the residential market amid job concerns
URA releases Bedok and Cross Street residential sites for sale
The Cross Street site may not be triggered for sale soon, while the Bedok site is expected to draw strong interest
158 Cecil Street on the market at S$165 million to S$170 million
The price works out to S$1,450 to S$1,500 psf on net lettable area, and is 30% lower than what the owner paid...
Foreign students fuelling demand for Singapore’s maturing co-living market: JLL report
Sector benefits from the Republic being a regional education and business hub, but rising costs, economic headwinds and evolving policy could affect...
Hong Kong allows cheaper home purchases for investment visas
Oversupply and a weak economy continue to weigh on the residential market with home prices hovering near their lowest since 2016
Billionaire Ortega to buy Miami Design District’s Atlas Plaza
The Inditex founder’s family office has been snapping up major real estate globally
US homebuilder sentiment stays low despite mortgage-rate drop
The Census Bureau will provide a report on housing starts on Wednesday
Hong Kong property stress spurs call for HK$20 billion support fund
Industry stakeholders have become increasingly vocal in advocating measures to revitalise the commercial property market
China Evergrande liquidators appointed as receivers over founder's assets
This is the liquidators’ latest effort to recover US$6 billion in dividends and remuneration paid to Hui and other former executives
Pasir Panjang freehold residential property up for en bloc sale at S$50.5 million
Guide price for Starpoint 319 translates to about S$1,340 psf per plot ratio
New Zealand home prices dip in August, buyers remain cautious
[SYDNEY] New Zealand home prices edged lower in August, the Real Estate Institute of New Zealand (REINZ) said on Tuesday (Sep 16),...
Japan’s Seibu Prince to buy boutique hospitality brand Ace Hotel
The deal includes the hospitality brand and an in-house creative agency Atelier Ace
InterContinental Singapore in Bugis to close; Frasers-owned property to be rebranded
Marriott International is understood to have been shortlisted to operate the 406-room, 16-storey hotel
Hao Mart’s Taste Orchard lease terminated by landlord OG; premises to be returned by Dec 31
Tenants at the food-focused mall say they were blindsided by the news, with some having up to two years left on their...
New home sales hit monthly high with over 2,100 units sold in August
Some 2,496 new private homes hit the market during the month as interest rates ease
Insiders should join the back instead of the front of the queue at new condo launches
Support building a ‘we first’ society by giving third parties a fairer shake to secure choice units
China’s home prices fall in August, extending weak trend
[BEIJING] China’s new home prices fell 0.3 per cent in August from the previous month, official data showed on Monday, as weakness...
UK house prices fall while rents rise by least in 4 years, surveys show
[LONDON] Asking prices for homes put up for sale in Britain this month showed an annual decline for the first time since...
Former ITE HQ and ITE Dover campus to be demolished by HDB for new homes
The masterplan is expected to come into force later in 2025
‘Building the next sunrise’: Metro pivots to global tie-ups, immersive concept stores to woo shoppers
Group does not plan to exit troubled industry, hopes to stabilise loss-making retail operations in one to two years
Hollywood’s largest landlord is showing signs of distress
[LOS ANGELES] Michael Hackman, who spent billions of dollars acquiring soundstages around the world, is becoming one of the big casualties of...
Dubai Investments seeks to ride property boom with unit’s IPO
The city’s property market has been surging, driven by foreign buyers drawn by liberalised visa rules and growing end-user demand
Hong Leong has ‘abundant opportunities’ for greater Shanghai, China collaboration: Kwek Leng Beng
These can include participating in the city’s government funds, with proceeds disbursed to companies in the high-tech innovation space or with global...
Financial worries mount for Britain’s renters: survey
Frail household confidence has weighed on the UK economy in recent years, as consumers make up around 60% of gross domestic product