China new home sales rise sharply in March: survey
CHINA’S new home sales rose sharply in March, as a slew of support policies boosted a pickup in demand across the board in 14 surveyed cities, a private survey showed on Monday (Apr 3).
Real Estate News
Swedish home prices resume slide, led by detached houses
SWEDISH single-family homes extended a housing rout in the largest Nordic nation last month, with stubbornly high inflation and growing borrowing costs clouding the outlook.
HDB resale prices flatten in Q1; up 0.9% in slowest quarterly growth since 2020
HOUSING and Development Board (HDB) resale prices climbed 0.9 per cent in the first quarter of 2023, compared to the 2.3 per cent growth of the previous quarter.
Tech’s retrenchment hammers landlords with glut of empty offices
US tech giants, grappling with a post-pandemic slowdown, have already laid off tens of thousands of workers. Now they’re dumping millions of square feet of office space, pushing vacancies in city centres to record highs and ratcheting up pressure on the commercial real estate industry.
Chinese property developer Sunac posts US$2 billion core loss in 2022
MAJOR property developer Sunac China on Friday logged a net narrowing core loss of 13.86 billion yuan (S$2.7 billion) in 2022, as the debt-laden firm slowed its project construction and incurred higher interest expenses.
China home sales continue to rise in latest sign of recovery
CHINA’S Home sales rose for a second month in March, according to a private data provider, signalling a recovery after policymakers expanded support for the sector.
Golden Mile Tower set for en bloc relaunch at S$600 million reserve price
GOLDEN Mile Tower will be relaunched for collective sale on Apr 7 at a reserve price of S$600 million.
UK house price fall quicker than expected with higher rates
UK house prices fell at the sharpest annual pace since 2009 after surging interest rates increased the cost of borrowing, one of the biggest mortgage lenders said.
Evergrande chairman’s HK mansion fails to sell by targeted date
CHINA Evergrande Group Chairman Hui Ka Yan’s mansion in Hong Kong failed to find a buyer by the desired timeline, as bids fell short of the creditor’s targets.