Real Estate

Bloomberg London property asking prices slumped for a seventh straight month as sellers held off putting their homes on the market, according to Rightmove. The March report from the home-listing website shows that asking prices declined 0.6 percent from a year earlier in March, with the number of newly marketed properties falling 3 percent. Prices rose 0.6 percent from February, ...

Bloomberg HNA Group Co. will be hard-pressed to get anything close to the $2.2 billion it paid for a Manhattan office tower during its real estate binge. In 2017, the Chinese conglomerate bought 245 Park Ave., a late 1960s-era building that’s home to JPMorgan Chase & Co., paying one of the highest prices ever for a New York office property. ...

Bloomberg Demand in Hong Kong’s red-hot housing market shows no signs of abating, with Wheelock & Co. selling all 750 apartments offered at its new Kowloon project. Based on buyers’ enthusiasm for the project, where 9,800 applications were made for the 750 units, Wheelock is likely to announce the launch of a further 300 to 400 apartments on Tuesday, said ...

Bloomberg London house prices are falling at the fastest pace since the depths of the recession almost a decade ago, with the capital’s most expensive areas seeing the biggest declines. Average prices fell to 593,396 pounds ($820,000) in January, an annual decline of 2.6 percent, according to a report published by Acadata on Monday. That’s the most since August 2009. ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), the Sharjah Real Estate Registration Department and the Real Estate Sector Business Group in Sharjah have announced the details of the 5th edition of the Acres 2018 real estate exhibition, which is being held under the patronage of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member ...

DUBAI / Emirates Business Dubai Land Department (DLD) has announced that the closing ceremony for the second edition of the Gulf Real Estate Awards will take place on March 21, when the winners for the programme’s 22 categories will be announced. DLD has confirmed that over 170 entries were submitted by companies operating across various real estate fields in the ...

Emirates Business Select Property Group, the premium British property developer with its largest sales centre in Dubai, has announced the launch of its latest project in Manchester—the UK’s number one investment city. CitySuites 2 is already attracting significant interest across the GCC region and follows the success of the first CitySuites project that was sold in 2015, in which over ...

Bloomberg Vancouver, one of the hottest housing markets in North America, is getting a little tougher for wealthy Chinese buyers. British Columbia Finance Minister Carole James announced measures targeting foreign buyers and speculators in the first budget since her government was elected on a pledge to make housing more affordable for residents of Canada’s Pacific Coast province. Starting from February ...

Bloomberg A spate of enbloc sales, coupled with a rebound in the property market at the start of the year, may indicate that Singapore developers will be more cautious in adding to landbanks and about their pricing strategies, analysts say. Collective apartment sales in the first two months of 2018 totaled over $2.4 billion, almost twice the S$1.66 billion seen ...

Dubai / Emirates Business Azizi Developments, one of the leading private developers in the UAE, has announced that the Azizi Plaza Serviced Apartments will be delivered ahead of schedule in Q2 2018. Launched in October 2016, the AED 430mn Azizi Plaza will offer a total of 434 fully serviced and furnished apartments comprised of 286 studios, with 46 one-bedroom units ...