Property News
SingLand buys out UOB’s stake in Novena Square JVs for S$299 million
The move will enhance SingLand’s share of recurring income from a stabilised asset, the company says
Car dealers submit S$68 million for renewal of Automobile Megamart’s lease
If successful, the site’s lease will be extended until 2040
Second Berlayar condo plot and 1,010-unit New Upper Changi site released for sale
Analysts see strong interest in both areas
US mortgage rates little changed despite surging inflation
The average rate for 30-year fixed loans slipped to 6.36% from 6.37% last week
Developers sell 1,548 new homes in April, chalking up the highest sales in six months
The Outside Central Region accounts for 87.7% of condo and private apartment deals last month
CapitaLand Investment expects more big mandates after S$2.4 billion Income Insurance win
Under new mandate, CLI will oversee insurer’s portfolio and refresh assets through deals
Blackstone Digital Infrastructure raises US$1.75 billion in IPO to buy data centres
The listing is the largest ever IPO of a Reit set up as a so-called blind pool
Aramco seeks to raise over US$10b from property portfolio
[RIYADH] Saudi Aramco is considering plans to raise billions of US dollars from its real estate assets, including a sprawling campus that...
Blackstone drops US$4 billion New World deal over control clash
Billionaire Chengs might forgo a deal by injecting capital through a rights issue instead
UK’s Savills sees property slowdown as Iran war weighs on market
BRITISH property company Savills warned on Wednesday of a slowdown in residential property transactions in its UK and Middle East markets, as...
Mainland Chinese snap up Hong Kong homes in April, most in 2 years
They favour new homes, with 1,032 of April purchases coming from the primary market
Thousands of London offices ‘risk obsolescence’ under new energy efficiency rules
Landlords will struggle in new regulatory environment given ‘huge scope’ of challenges ahead, according to a property consultant
Trump Tower plan for Australia’s Gold Coast scrapped three months after launch
The 91-storey hotel and apartment project in Surfers Paradise will no longer carry the Trump brand
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
A weaker ringgit may boost appeal for foreign buyers, but experts say taxes, financing rules and resale liquidity matter
Australia tackles property tax breaks, disappoints on deficit
The Budget’s housing package is a highlight, with a crackdown on tax concession for investors to help address intergenerational inequality
Dubai ruler tightens grip on Emaar in US$6.5 billion reshuffle
Dubai Holding acquires a 22.27% stake in the city’s biggest developer from the Investment Corporation of Dubai
Rising housing costs keep US first-time buyers on the sidelines
The effects of the war in Iran have increased mortgage rates and lowered consumer confidence, making it even harder for those hunting...
US home resales barely rise as key selling season begins
SALES of previously owned US homes barely rose in April from a nine-month low, underscoring a sluggish housing market at the start...
Mapletree buys 39-ha site in New Jersey for logistics facility, in sixth US development project
The new development will be near key air cargo hubs and seaports, and comprise two warehouse buildings
Philippine developers turn defensive as Middle East crisis threatens residential and retail market
The beleaguered market could worsen on lagged effects, but analysts remain upbeat on property giants’ strategies
Should developers build more one-bedroom condo units?
Affordability, leasing demand and an ageing population support having more of such housing