You’ll build and they’ll come? Well, don’t bet on it. That’s what Singapore’s authorities seem to be telling property developers, who are flooding the market with new homes. The builders themselves are getting nervous about the glut. But everyone — the prospective homeowner, the seller and the government — is actually lucky. A minor bubble got pricked in time, with ...

It’s impressive how well the US economy has held up during the past year. As early as 2018, leading indicators were suggesting a heightened risk of recession in 2019 or 2020. Then early this year the yield curve inverted, a traditional signal that recession is imminent (the inversion has since reversed, but this typically happens before growth actually goes negative). ...

More than three years after the Brexit referendum left investors with $23 billion trapped in seven UK real estate funds, holders of another property portfolio have discovered that when their right to daily redemptions meets the reality of hard-to-sell assets, their money can become a hostage to illiquidity. M&G Plc last week said it’s freezing a 2.5 billion-pound ($3.3 billion) ...