Europe’s biggest office sale in four years boosts London’s Canary Wharf
Barclays said the deal will give it long-term certainty over costs
Property News
US construction spending inches up in May, but homebuilding weak
Construction spending rose 0.1% after a downwardly revised 0.3% increase in April
Sydney housing slump drags Australia prices down most since 2022
National home value index slips 0.4% from prior month, finds consultancy Cotality
Weaker jobs outlook dims HDB resale market as prices, volume slip further in Q2
Price declines spread across more HDB towns, although million-dollar resale flat deals continue to climb
Private home prices inch up 0.5% while HDB resale prices slip further by 0.3% in Q2: flash data
Landed homes and Core Central Region lead index with about 2% jump in prime market, as prices fall across other regions
Australia home prices suffer steepest fall in 3½ years as rates burst bubble
Sydney and Melbourne lead the monthly decline with drops of 1.2% and 1%, respectively
US single-family home prices ease on a monthly basis in April
An outright decline in house prices is unlikely
Singapore office rents climb higher in Q2 as limited CBD supply keeps market tight
Rents at CBD Grade A buildings have risen for six straight quarters
Three Holland Village shophouses sold for S$70 million to Tat Lee Bank’s Goh family unit
The two-storey shophouses are fully let; tenants include Pet Lovers Centre, a spa, bakery and F&B outlets
Australian pension funds swoop on property as rival investors retreat
ART and Cbus are heading into the end of their financial year after a strong run in equity markets
Executive condo site in Admiralty launched for sale
Analysts expect cautious bidding given its weaker location appeal and a strong supply pipeline in the north
Home flippers return to Hong Kong on property price recovery
The transactions underscore impact from government’s move to scrap a tax on properties bought and sold within two years
Singapore private housing is ‘decoupling’ from HDB market as buyer pools diverge: NUS survey
Respondents say the shift is driven by ‘distinct buyer profiles with differing capacities and capital outlays’
Freehold Balestier Centre up for collective sale at S$180 million
Asking price translates to land rate of S$1,495 per square foot per plot ratio for the mixed-use site, with sizeable unused development...
GIC’s Tokyo property attracts US$1.4b bid from Japanese developer Kenedix: sources
The potential purchase indicates that domestic developers are also keen on the biggest property deals in Japan’s capital
Why it makes sense to include 5-room HDB flats in Berlayar BTOs – even if price tag may be higher
Meet demand for large new units in sought-after locations and don’t fear the S$1 million psychological barrier
New World, Ares cut Hong Kong office tower unit prices up to 57%
The commercial real estate market is still grappling with elevated vacancies particularly outside more central areas
Golden Mile Tower cinema space put up for sale with S$31 million guide price
This translates to roughly S$295 per square foot
Royal Group plans long-stay serviced apartment project in Claymore Road
The development, costing about S$185 million to S$190 million, will yield about 100 apartments
Could Ohmyhome face Nasdaq delisting after selling its core unit for US$1? Experts weigh in
With its primary business sold away and stock price flagging, its continued public listing has come into question
Real estate firm Ohmyhome’s journey over the past 10 years
The sale of its main brokerage business for US$1 is the latest in a string of issues since its Nasdaq listing
UK’s Crown Estate profits fall as offshore wind fees decline
The value of the Crown Estate portfolio increased 11.3 per cent to £16.7 billion last year
Hong Kong home prices extend longest streak of gains since 2018
The city has seen home sales rebound in recent months, thanks largely to mainland Chinese buyers
Blackstone, Bain are said among bidders for Fuji Media real estate unit
The potential one trillion yen price tag suggests this sale may eclipse as Japan’s largest
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
It will now focus entirely on digital marketing; the subsidiary’s sale is to a corporate vehicle called Sterling Oat
Europe labour shortage hands win to Asian builders, says cement maker Holcim
While the region needs some 10 million new homes, the construction sector is increasingly struggling to find workers
URA releases two smaller housing sites in Sin Ming, Kallang for sale
Market watchers expect firm demand for the Sin Ming site; Kallang parcel may remain on the reserve list
Australia’s housing slump wipes US$128 billion off top two markets
This is likely to weigh on the wealth effect that underpins consumer spending
Australia home prices may fall up to 8% after surging for years
The Reserve Bank of Australia has hiked interest rates three times this year to fight inflation pressure