Real Estate

Bloomberg Sales of previously owned US homes rebounded in February to fastest pace in almost a year, topping estimates and snapping a three-month streak of declines to offer a robust indication that the housing market is stabilising after last year’s slump. Contract closings increased 11.8 percent, the most since 2015, from January’s pace to a 5.51 million annual rate, the ...

SHARJAH / WAM The 6th edition of the Real Estate Investment Exhibition, ACRES 2019, will kick off on Tuesday until March 21, under the patronage of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah. ACRES 2019, which will be held at Expo Sharjah, will be witnessing the participation of a large ...

Bloomberg Hong Kong property prices are bouncing back. Henderson Land Development Co. raised the average price for a new batch of apartments at The Vantage in Kowloon by about 10 percent, a price list shows. The move is well-founded — demand is rising with developers selling more units in the first 11 days of this month than all of February, ...

Bloomberg Property investors cut or stopped purchases of commercial property in London this year as Brexit negotiations lurched from crisis to crisis. Spending on UK offices, malls and warehouses plunged more than 40 percent in the first two months of the year to 4.3 billion pounds ($5.6 billion), according to research firm Property Data. With less than three weeks left ...

Bloomberg India’s property developers are finding it hard to borrow money, raising the prospect of a wave of debt defaults from the sector hitting shadow lenders that are trying to survive a funding crunch of their own. Developers have to repay about 1.29 trillion rupees a year on outstanding debt but generate less than half the amount in income that ...

Bloomberg Singapore’s second-largest developer has a suggestion for the government: re-position the billionaire enclave of Sentosa as a tourism hot-spot like Bali. Property values at Sentosa Cove, a residential area nestled on a tiny island off the south coast, have been hit particularly hard, with home prices down about 30 percent from the highs seen in 2010. Even as the ...

Bloomberg Singapore home prices are unlikely to stage a rapid rebound after the government imposed further property curbs in mid-2018, the finance chief of the city-state’s largest developer said. “If we see a 5 percent increase in home prices I think that will be a pretty good year for the Singapore residential market,” CapitaLand Ltd. Chief Financial Officer Andrew Lim ...

SHARJAH / WAM The real estate sector in the Emirate of Sharjah has seen a big boom with 54,125 transactions valued at AED22.5 billion ($6.13 billion) in 2018, as per the annual realty transactions report revealed by the Sharjah Real Estate Registration Directorate. The real estate deals sealed last year covered over 52 million square feet, while the mortgages transactions ...

Bloomberg London notched up 16.2 billion pounds ($21 billion) of investment in commercial real estate last year, beating out Manhattan for the top spot globally despite mounting anxiety about Brexit. In fact, the pound’s 13 percent decline against the dollar since Britain’s 2016 vote to leave the European Union, together with enduring demand from tenants for office space, have proven ...

Bloomberg Australian building approvals suffered the biggest annual back-to-back drop in almost a decade as a housing slump deepens. Building permits fell 22.5 percent in December from a year earlier after plunging 33.5 percent in November, Australian Bureau of Statistics data showed in Sydney on Monday. That’s the worst two-month result since January-February 2009, during the depths of the global ...