Bloomberg Tahya Masr (Long Live Egypt) Fund, initiated by President Abdel Fattah al-Sisi, is set to deliver the first and second phases of a social housing project tailored for slum residents in April. The Tahya Masr social housing project is to include 15,000 housing units to place 60,000 slum residents, said Manal Shaheen, the fund’s General Director of Development Projects. ...

Bloomberg A research unit of China’s central bank branch in Shenzhen asked commercial banks in the city to strengthen risk-control practices on household mortgage loans as property prices have soared. Mortgage leverage in Shenzhen has been far higher than in other first-tier cities since 2015, and has accumulated risks, according to the statement from the Financial Society of Shenzhen Special ...

Bloomberg Buyers from China comprised about one-third of purchases of Vancouver’s hot housing market in 2015, according to “back of the envelope calculations” by National Bank of Canada. Chinese investors spent about C$12.7 billion ($9.6 billion) on real estate in the western Canadian city in 2015, or 33 percent of its C$38.5 billion in total sales, according to a note ...