Market News
Balestier Regency up for fourth en bloc sale bid at S$255 million
The price tag is about 17% higher than the second attempt in 2018 when it was launched for sale at S$218 million
Can a second home tax work in New York? The numbers don’t add up yet
The tax proposal is being held up as a generational attempt to make the ultrawealthy pay more to society
Hong Kong property shares rally as Morgan Stanley feeds optimism
The bank raises its estimate for home price growth 12% this year from 10%, and expects another 5% in 2027
Drop in HDB resale flat prices in Q1 no cause for panic among condo buyers
But mind weakening tailwind in upgrader demand if HDB resale market weakens
CICT’s Tan Choon Siang marks first year with billion-dollar deal streak
Acquisition of Paragon and divestment of Asia Square Tower 2 follow CapitaSpring deal and ION Orchard acquirement
Builder China Vanke posts 5.95 billion yuan loss in Q1
The loss stemmed mainly from declines in home settlements
Italy’s Meloni backs housing access plan as election nears
It includes the refurbishment of existing social housing and steps to halve notary fees
UK house prices rise in April despite Iran war headwinds: Nationwide
They go up 0.4% after a 0.9% increase in March, in contrast to economists’ expectations in a poll for a 0.3%...
New Zealand house prices lack momentum as buyers sidelined
While they rose for a third straight month in April, the increase was just 0.1% from March: property consultancy
Australia’s home prices grow at slowest pace since Jan 2025
Every capital city reports weaker growth in April: property consultancy
Quicker hiring process for migrant construction workers from 2027 amid strong building demand
This will shorten the hiring process from four months to one month
China’s Shenzhen relaxes home buying rules to boost demand
Loan limits may be increased by up to 60% for first-home purchases
JLL Singapore cuts over 20 jobs or 1% of workforce; Knight Frank Singapore also lays off staff
The latter confirms it is trimming a ‘small number’ of marketing and communications roles
Qatari royals seek to recoup costs on US$400 million Los Angeles mansion
Even at that price, the seller would be unlikely to break even on the investment
Developer China Vanke posts 5.95 billion yuan loss in Q1
[BEIJING] China Vanke’s losses dragged on in the first quarter as the embattled developer faces a wall of upcoming debt maturities.
US mortgage rates tick up to 6.37%
[WASHINGTON] US mortgage rates rose last week for the first time in a month, with the average 30-year fixed-rate mortgage up 2...
CDL strategic review ‘timely’ after last year’s disputes, Sherman Kwek tells shareholders
The exercise will be ‘a look back at everything we’ve done’, says group CEO; details to be unveiled by end-June
Anthropic, OpenAI splurge on London office space in leasing wave
AI-enabled firms are looking for roughly 630,000 square feet of space across the UK’s capital
Mapletree Industrial Trust to divest up to S$600 million of North America assets, eyes Japan and Europe for growth
The divestments are expected to be carried out within the next 1 to 2 years
MUFG to make foray into Indian real estate, expand forex derivatives
The bank has been scaling up in India, with its investment in Shriram Finance marking a big move
Wing Tai, Metro outbid 5 others for Dunearn Road site with bullish S$1,625 psf ppr bid
This is just 3% more than Frasers Property consortium’s next-highest offer of S$1,576 psf ppr for the 330-unit site
CapitaLand Investment sets sights on single flagship C-Reit to drive scale
In the longer term, it hopes to combine CapitaLand Commercial C-Reit with a second China Reit slated to list this year
TPG buys majority stake in Japanese logistics assets from ESR
The assets are ESR Yokohama Sachiura Distribution Centres 1 and 2