Airbnb’s CEO says US ‘misunderstanding’ use of Chinese open-source AI models
Low-cost AI models from China that can perform almost as well as costlier offerings from premier US labs
Property News
US mortgage rates rose last week to an almost two-month high
US MORTGAGE rates increased last week to an almost two-month high, weighing on home purchase activity.
UK house-price growth grinds to a halt after loan costs surge
UK HOUSE prices failed to grow over the past year as headwinds from rising mortgage rates, political uncertainty and the Iran war...
CDL’s Singapore property sales fall to S$609.6 million in Q1, global hotel RevPAR rises 4.3%
For the three months ended Mar 31, the group and its joint venture associates sold 242 units
US pending home sales increase further; higher mortgage rates remain a constraint
The housing market has remained on the back foot this year
Frasers sells retail complex in West Sydney to Vicinity Centres for A$400 million
The sale is consistent with its capital recycling strategy, says Australian unit’s CEO
Fosun has picked banks for Hong Kong IPO of Club Med holiday resort chain: sources
[SHANGHAI] Fosun International has picked banks for a planned Hong Kong initial public offering of holiday resort operator Club Med SAS, according...
Beyond survival: Elite UK Reit plots next phase of growth
After stabilising the trust, CEO Joshua Liaw looks to more asset repositioning, active portfolio management
New World mulls fee to avoid US$9 billion rent for 11 Skies mall project
The payment will cover some of the developer’s long-term rental obligations with Hong Kong’s Airport Authority
Ex-CDL director Kwek Leng Peck rejoins board, six years after resigning over disagreements
He is the cousin of executive chairman Kwek Leng Beng and will be appointed vice-chairman
Allow flexibility on 10-year minimum occupation period for homeowners with sufficient deterrents
Needs and financial circumstances of owners of HDB Plus and Prime flats and new EC units can change
China home price slump eases in sign market is stabilising
A real estate recovery would help to restore household confidence and encourage spending
Evergrande liquidators seek 57 billion yuan from PwC in Hong Kong Court
The proceedings are also critical to liquidators’ years-long effort to recover at least part of creditors’ investments
Boom in big-ticket real estate deals keeps Singapore dealmakers on their toes
The price gap between buyers and sellers has narrowed – small enough to find a negotiated middle ground
Hudson Place Residences sells 61.5% of units on launch weekend at average price of S$2,458 psf
All 14 of the project’s three-bedroom deluxe units are fully sold
SingLand buys out UOB’s stake in Novena Square JVs for S$299 million
The move will enhance SingLand’s share of recurring income from a stabilised asset, the company says
Car dealers submit S$68 million for renewal of Automobile Megamart’s lease
If successful, the site’s lease will be extended until the end of 2040
Second Berlayar condo plot and 1,010-unit New Upper Changi site released for sale
Analysts see strong interest in both areas
US mortgage rates little changed despite surging inflation
The average rate for 30-year fixed loans slipped to 6.36% from 6.37% last week
Developers sell 1,548 new homes in April, chalking up the highest sales in six months
The Outside Central Region accounts for 87.7% of condo and private apartment deals last month
CapitaLand Investment expects more big mandates after S$2.4 billion Income Insurance win
Under new mandate, CLI will oversee insurer’s portfolio and refresh assets through deals
Blackstone Digital Infrastructure raises US$1.75 billion in IPO to buy data centres
The listing is the largest ever IPO of a Reit set up as a so-called blind pool