US construction spending increased more than expected in March, boosted by investment in non-residential structures, but single-family homebuilding remained depressed amid higher mortgage rates.
SELLING properties on behalf of customers can yield rich returns for the middleman. For 2022, Singapore’s largest real estate agency PropNex posted revenue of S$1.03 billion and net profit of S$62.4 million, up 7.5 per cent and 3.9 per cent year on year respectively.
PRICES of new homes in 100 Chinese cities rose a touch in April in an extension of modest gains seen in March, a private survey showed on Monday (May 1), as government support measures stoked demand in large and midsize cities.
UK LABOUR Party leader Keir Starmer pledged to restore mandatory home-building targets scrapped by the ruling Conservatives in December to achieve his objective of boosting the homeownership rate to 70 per cent.
COMMERCIAL mortgage-backed securities (CMBS) are an efficient securitised vehicle widely used by financial institutions in the United States to improve liquidity and recycle capital by selling mortgages in secondary mortgage markets.
RETAIL rents fell by 0.3 per cent in the first quarter of 2023, a smaller dip compared to the 1.1 per cent decrease in Q4 2022, data released by the Urban Redevelopment Authority (URA) showed.
RATING agencies Fitch and S&P have put China’s Dalian Wanda Commercial Management Group on negative watch, on concern that the Hong Kong listing of its unit may damage the group’s financial profile.
GIC will pay over US$800 million for six logistics facilities in Japan from global asset manager Blackstone, both parties said on Friday (Apr 28).
PRICES of resale flats in the first quarter of 2023 inched up 1 per cent from Q4 2022 – the smallest quarterly increase compared with the previous 10 quarters.