Real Estate

DUBAI / Emirates Business Dubai Land Department (DLD) signed a memorandum of understanding (MoU) with the Registration Authority of Abu Dhabi Global Market (ADGM), the International Financial Centre (IFC) in Abu Dhabi. The MoU was signed by HE Sultan Butti bin Mejren, Director General of DLD, and Dhaher bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority. Bin Mejren ...

Bloomberg Quay House in London’s Canary Wharf is a two-story glass box nestled among some of the tallest buildings in Europe. Its latest owners have grand plans, potentially transforming it into a hotel closer in height to its 600-foot neighbours. The property is the first acquisition from FirethornTrust, a firm backed by two billionaire American families: the Van Tuyls, who ...

Bloomberg Rents in the world’s costliest office market, Hong Kong, may fall for the first time in four years as an equities rout weighs on sentiment in the financial hub. Grade-A office rents in Central and Admiralty will decline by about four percent in 2019, Colliers International Inc. said in a report. That compares with an estimated gain of 9 ...

Bloomberg More signs have emerged that China’s housing market is cooling, with sales in the secondary market, land purchases by developers and contracted sales at the biggest builders all falling last month, as these three charts show. Sales of existing homes, which are quarantined from the government curbs on the new home market, last month plunged to a four-year low ...

Bloomberg This is how housing markets turn. Slowly. Six years of home-price gains outpacing wage growth; bidding wars replaced by sales at the asking price; days or weeks on the market turning into months; rising mortgage rates. First-time shoppers start to get priced out, making it harder for move-up buyers to sell, and the slowdown ripples gradually up the real ...

Bloomberg Singapore’s long romance with public housing is going through a rocky patch, threatening to undermine one of the most popular government policies. For decades, the no-frills, affordable apartments have been integral to the city-state’s way of life, helping young couples achieve their dreams of home ownership and housing the bulk of the population — while providing a stepping stone ...

Bloomberg Private home sales in Singapore jumped 51 percent in September as developers marketed more projects post the hungry-ghost festival month, a period Chinese buyers consider inauspicious, and as buyers moved past the additional cooling measures imposed in July. Developers in the city-state sold 932 units, the Urban Redevelopment Authority said in a statement on Monday. That compares with 617 ...

Bloomberg Singapore home prices may rise as much as 10 percent by the end of next year and are on track to double by 2030 as faster income growth overpowers recent property curbs and higher interest rates, according to according to Morgan Stanley. Home prices rose in four of the five previous rate hike cycles, Morgan Stanley analysts said in ...

Bloomberg Hong Kong will add artificial islands to counter a runaway property market that’s made the city the world’s least affordable for housing. The government will aim to reclaim 1,700 acres (688 hectares) off Lantau Island, the city’s Chief Executive Carrie Lam said on Wednesday in a policy address. That compares with the 1,670 acres of extra land that a ...

Dubai / Emirates Business Taking advantage of the region’s largest gathering of real estate professionals, developers took to the halls of the Dubai World Trade Centre to announce and showcase projects worth billions of dirhams. Out of the 300 companies at Cityscape Global, five local developers have exhibited projects worth a total AED38.7 billion ($10.54bn) making up a large portion of ...