Real Estate

Bloomberg Malaysia is planning a sale for $5.5 billion of real estate to bridge the gap between property oversupply and lack of affordable homes, with developers asked to offer at least 10 percent discount. The numbers are staggering: about 180 developers will offer 22,000 units worth a total of 22.5 billion ringgit ($5.5 billion) at the expo planned for March ...

Bloomberg Thailand’s booming property market is at risk of cooling this year as rampant construction threatens an oversupply of apartments amid increasing global economic headwinds. The country has been a relative bright spot in an otherwise lackluster Southeast Asian real estate market. Thai residential property has experienced substantial growth in recent years, much of it fueled by buyers from China, ...

Dubai / Emirates Business Dubai Land Department (DLD) organised a ceremony to honour real estate brokers operating in Dubai for their outstanding performance during 2018, according to a number of select categories. The ceremony was attended by HE Sultan Butti bin Mejren, Director General of DLD; HE Eng. Marwan Ahmed bin Ghalita, CEO of RERA; the event organizer; and DLD’s ...

Bloomberg London home asking prices fell to their weakest level in 3 1/2-years in January as sellers spooked by Brexit held off putting their properties up for sale. Asking prices in the capital slipped 1.5 percent from December to 593,972 pounds ($765,000), the lowest level since August 2015, according to Rightmove. New listings in the first two weeks of the ...

Bloomberg Microsoft Corp said it will spend $500 million to develop affordable housing and help alleviate homelessness in the Seattle area, responding to a growing regional housing crisis that has strained the finances of many lower- and middle-income residents. Half the money will be spent to support low-income housing across King County with a further $225 million invested at lower ...

Bloomberg Home sales in the US slumped in December, while prices inched up slightly, marking the smallest annual increase since the end of the last housing crash in 2012, according to data from brokerage Redfin. The median home price rose to $289,800 in December, a gain of 1.2 percent, the slowest monthly pace since March 2012. Sales dropped by almost ...

Bloomberg Danes may soon be able to get 30-year home loans at just 1.5 percent. That’s considerably less than many sovereign states pay to borrow for that period, including the US government. It’s not the first time Denmark’s mortgage-backed covered-bond market — the world’s biggest — has tested such extreme levels. It tends to occur when investors from Germany to ...

Bloomberg Amsterdam’s homes are going for record prices as more expats move into the city. House prices in the Amsterdam region rose 8 percent in the fourth quarter compared to the year earlier, statistics from realtors association NVM sho-wed. The median transaction price was 448,000 euros ($517,000), a new record. Although the pace of the rise was the slowest in ...

Abu Dhabi / Emirates Business Aldar Properties on Monday announced the launch of its newest AED2 billion development, Alreeman in Alshamkha. With investment zone status, and located in close proximity to the Abu Dhabi International Airport and key arterial highways, the mid-market, mixed-use development offers residential and commercial land plots available for purchase by all nationalities. Alreeman is spread over ...

Bloomberg The Hong Kong government has no plan to ease property-cooling measures, including the stamp duty on second homes or for overseas buyers, as many residents still can’t afford to purchase homes in the city, Financial Secretary Paul Chan said in a blog. The government also doesn’t plan to lift the special stamp duty, which levies home owners who sell ...