Britain’s housing slowdown leaves more homes on the market
BRITONS brave enough to buy a home in the midst of the housing downturn have 66 per cent more properties to choose from compared with a year ago.
Real Estate News
US construction spending rebounds in March on non-residential structures
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.
Can sales commissions of agents be squeezed to benefit consumers?
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.
China new home prices up slightly in April; fewer cities post gains: survey
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 vows to restore housing targets to boost homeownership
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.
The return of commercial mortgage-backed securities in Singapore?
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 space rents fall by 0.3%, vacancy rate rises to 7.6%: URA
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 put China’s Wanda Commercial on negative watch
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 buys six Japan logistics assets from Blackstone for more than US$800m
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).