Swedish home construction set to plummet this year, Nordea says
SWEDISH home construction is likely to plummet in the wake of falling housing prices, weighing heavily on the Nordic country’s economy, Nordea Bank Abp said in an outlook report.
Real Estate News
New York’s smallest businesses face big rental hikes
THREE years after the pandemic flattened the Manhattan office market and the commercial ecosystem that depended on it, small businesses in the other boroughs are facing the biggest rent increases in the city. The burden is landing mostly on store owners in predominantly Black, Latino and Asian neighbourhoods, according to ...
Spain may end or curb controversial ‘golden visa’ real estate scheme
SPAIN could pull the plug on its so-called “golden visa” scheme, which grants residency rights to foreigners who invest in real estate in the country, according to the leader of a left-wing party negotiating the issue with the government.
Over 26% of The Continuum’s units sold on launch day at average of S$2,732 psf
MORE than 26 per cent of the 816 units at The Continuum were sold on their launch weekend at an average price of S$2,732 per square foot (psf), said Hoi Hup Realty in a statement on Sunday (May 7).
More wealth may turn to Singapore commercial real estate on ABSD hikes
MORE high-net-worth wealth could be headed for commercial real estate assets in Singapore, as investors recalibrate portfolios following the government’s hike in Additional Buyer’s Stamp Duty (ABSD) rates for residential property.
Want to bet on China+1? Try real estate
BUILD, and they’ll come. An 18.6 per cent post-pandemic vacancy rate means the adage is no longer true of office buildings in the US.
US new home listings plunge 21% with higher rates spooking sellers
ONE of the biggest issues facing the US housing market is a lack of homes available for purchase. And a new report is pinning some of the blame on higher mortgage rates.
Majority of Sunac China creditors back debt restructuring plan
EMBATTLED property developer Sunac China Holding said on Thursday (May 4) that about 85 per cent of its existing bondholders had agreed to a proposal on debt restructuring.
Far East Orchard net profit jumps 67.9% to S$4.7 million
REAL estate company Far East Orchard has posted a 67.9 per cent year-on-year jump in net profit to S$4.7 million for the first quarter of 2023, on the back of a recovering hospitality sector.