Real Estate

ABU DHABI / Emirates Business Aldar Properties announced the launch of a new AED10 billion masterplan that will incorporate and greatly enhance one of its already established destinations — Alghadeer, which sits close to the border of Abu Dhabi and Dubai within its Seih Al Sdeirah landbank. Alghadeer masterplan consists of 14,408 units, including villas, townhouses, and maisonettes. Total residential ...

Bloomberg Singapore home sales jumped to the highest in four months in March amid signs the property market is recovering. Developers sold 716 units, the Urban Redevelopment Authority said. That’s more than a revised 384 units in February and the highest since November. Still, sales are running at a slower pace than early last year. The city-state’s housing market is ...

Bloomberg Steinhoff International Holdings said a European real-estate portfolio may be worth about half previous estimates, as the embattled global retailer reviews the value of its assets following an accounting scandal. Hemisphere International Properties BV has been valued at about 1.1 billion euros ($1.3 billion) in a review by CBRE Group Inc., Steinhoff said in a statement. That compared with ...

Bloomberg Singapore private home prices surged the most since 2010 as the property market staged a recovery from a four-year slump. An index tracking private residential prices jumped 3.1 percent in the three months ended March 31, according to a flash estimate from the Urban Redevelopment Authority, building on a 0.8 percent gain the previous quarter. That’s the biggest quarter-on-quarter ...

Abu Dhabi / WAM Aldar Properties, Aldar, has appointed Trojan General Contracting LLC as the main contractor for Water’s Edge, its latest waterfront development on Yas Island. The AED1.3 billion contract follows the award of the early works package to Dutch Foundation, who commenced work on site in February this year. Located on Yas Island’s Eastern shores, Water’s Edge comprises ...

Dubai / WAM Dubai Land Department (DLD) has confirmed that the Dubai Property Festival (DPF), which will be held from April 9-11 at the Dubai World Trade Centre, will contribute to stimulating sales and purchases in the Emirate’s real estate market. DPF coincides with a series of other international events aimed at attracting investment in the UAE. The event is ...

Bloomberg China’s home prices rose in the fewest cities in five months in February, as the government’s almost two-year campaign to curb property speculation started to bite. New-home prices, excluding government-subsidised housing, gained in 44 of 70 cities tracked, compared with 52 in January, the National Bureau of Statistics said. Prices fell in 16 cities from the previous month and ...

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 ...