Market News
NTT Docomo weighs selling real estate for more than $600 million
Any transactions would be limited to the land only and won’t include the buildings
Young South Koreans dump homeowner dreams to pile into soaring stocks
Housing costs in the capital Seoul have outpaced even hot markets such as New York and Tokyo while affordability has tightened
Country Garden names new co-chairman to beef up leadership
Mo will support strategic partnerships, resource integration and implement group-wide strategies
Mumbai luxury homes match lower Manhattan prices
Apartments in Mumbai’s high-end Worli area are priced at as much as US$1,109 per square foot
Elegant Group entity buys The Clementi Mall for S$809 million
The price works out to about S$4,100 psf on net lettable area; the net yield is 4.1%
UK construction output plummets in November, business confidence erodes
S&P Global’s monthly purchasing managers’ index for the construction industry fell to 39.4 in November from 44.1 in October
Manhattan luxury apartment market surges in month after Mamdani’s win
[NEW YORK] Sales of luxury homes in Manhattan jumped in November, countering fears that the election of Zohran Mamdani as mayor would drive out...
Singapore Shopping Centre takes another stab at collective sale with S$200 million price tag
Its most recent transaction attempt in August carried the same asking price
New World must reckon with US$6.8 billion of bonds after swap
China’s property debt crisis has sparked record defaults and unprecedented restructurings
New Zealand residential building gain signals economic growth
Construction has been slow to recover from a sharp downturn in 2024 when the economy slumped into recession
SingLand moves to add condo tower, serviced apartments and mixed-use block in Marina Square redevelopment
Acquisition of S$99-million land parcel part of proposal to turn iconic complex into ‘Singapore’s first hyper-mixed development’
Tuan Sing secures permit to redevelop flagship Melbourne property with Grand Hyatt hotel asset
The works are planned to commence in early 2026
Wanda faces US$700 million of bond deadlines as China woes flare
[BEIJING] China’s worsening property debt crisis is ratcheting up scrutiny of the country’s major real estate firms that have so far avoided...
Several Vanke bondholders signal they will oppose extension plan: sources
The extension will give Vanke some breathing room before it considers a broader restructuring
Singapore tourism industry must create unique experiences to survive: veteran hotelier Arthur Kiong
He brings his philosophy to life with the four hotels Far East Hospitality manages on Sentosa
Morgan Stanley says mortgage aid may halt China’s housing slump
The country’s years-long housing slump has been a major drag on the economy and consumer confidence
Warburg-backed ESR weighs sale of some China assets: sources
The logistics and industrial property investor plans to appoint advisers to help it review options for the sale
Bayshore, Berlayar and Newton plots among 10 new housing sites up for sale; two EC parcels also available
On the reserve list is a Town Hall Link plot, carved out of the Jurong Lake District master-developer site
Rising UK house prices defy Budget tax fears, mortgage-lender Nationwide says
As buying activity was held off ahead of the Budget, prices may rise in the coming months: Capital Economics
Raffles Education sells 51 Merchant Rd to LaSalle JV for S$121.8 million; reaps S$53 million gain
Four-storey commercial building with conserved buildings and basement car parks sold for about 78% over book value
CDL unit buys Holiday Inn London for £280 million
The hotel has high occupancy rates of more than 97% for the nine months ended September
Australia could tackle housing crisis with ‘gentle density’ plan
The government aims to deliver 1.2 million new homes by 2029 to help ease the housing shortage
Blackstone sells US$800 million stake in Las Vegas strip resorts
The deal is expected to close on Dec 9
10 new sites, including Jurong Lake District carve-out, up for sale in H1 2026 GLS programme
Supply from the confirmed list consists of 4,575 private homes, including 635 executive condominium units and 22,500 sq m of commercial space
China Vanke asks for 12 months to pay bond under extension plan
The 3% coupon would remain unchanged during the extension period
UOB Kay Hian initiates coverage on Soon Hock; optimistic on its S$1 billion project pipeline
UOB also expects attractive dividend yields of 5.5% and 10% for 2025 and 2026, respectively
Hong Kong tycoon Henry Cheng seeks sale of some Rosewood hotels
The group has 58 properties around the world
Japanese property giants deepen their push into a booming Indian market
Blackstone is India’s biggest commercial landlord
China’s November new home prices climb but resale values extend declines: survey
Large-scale new stimulus has been withheld this year
China’s private data on home sales vanishes after Vanke turmoil
Global banks remain pessimistic on China’s property market, which has faced renewed sales weakness since the second quarter
Housing developers should brace for rougher conditions in 2026
Slower economy, more tepid HDB resale market and stiff competition for land await
Aukus set to further fuel Australia’s hottest housing market
Property prices in Perth are already on a tear, fuelled by population growth, tight supply and a robust local economy