Real Estate

Bloomberg Canada housing starts rebounded in March from a sluggish performance a month earlier, returning to levels more in line with demographics and highlighting the buoyancy of the nation’s battered real estate market. Builders started an annualised 192,527 homes in March, the Canada Mortgage and Housing Corp. reported. That’s up from 166,290 a month earlier, when excessively cold weather slowed ...

Bloomberg Talk of consolidation among Singapore real estate investment trusts ramped up after the regulator strengthened rules governing the market in 2015. Four years on, it’s finally happening. OUE Commercial REIT said it had agreed to buy OUE Hospitality Trust to create one of Singapore’s 10 biggest REITs, giving the combined entity greater firepower to make acquisitions. It’s also the ...

Bloomberg India’s first real estate investment trust, the Blackstone Group LP-backed Embassy Office Parks, rose on its trading debut, in a vote of confidence for a potential new funding avenue for the nation’s cash-strapped developers. The REIT units climbed as much as 8.3 percent before closing 4.7 percent higher at 314.10 rupees in Mumbai. The benchmark S&P BSE Sensex Index ...

Bloomberg Switzerland’s property-market watchdogs aren’t likely to catch a break. With European interest rates set to remain low for even longer, that’s going to further fuel the ongoing exuberance in Swiss real estate that’s seen multiple warnings this month alone. The issue is particularly acute in buy-to-let properties, as insurers and pension funds look to compensate for otherwise meager returns. ...

Bloomberg The Brexit-inspired decline in London’s property values has yet to cause any serious ripples in other areas of the UK. While price-growth and activity may be slowing amid the uncertainty, almost every other major urban area in the country is still experiencing a rising market, according to Acadata. It’s a national divide that’s all too apparent to 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 ...