CICT’s S$3.9 billion Paragon buy draws scrutiny over timing, funding at EGM
Still, unitholders vote overwhelmingly in favour of the proposed acquisition, with 99.96% of votes for it
Property News
Morgan Stanley Australia CEO warns of weaker property market
The tax changes are designed to lower the barriers for first-time buyers to enter one of the world’s least affordable housing markets
US existing-home sales jump to highest this year, top forecasts
Figures reflect an improvement in the nation’s home resale market
Buyer flips London mega mansion for £56 million mark up
The sale is the latest in a recent flurry of large deals for some of the city’s most coveted residences
Sime Darby Property launches RM1.25 billion fund for data centres, industrial assets
The five-year fund has secured two seed assets in Elmina Business Park and the City of Elmina
Daiwa real estate unit aims to raise rents to fight higher rates
Japanese real estate investment is being hurt by rising borrowing costs that is denting its appeal
Global hotel giants bet India’s local travel boom can defy slowdown
The rush by operators to add rooms reflects a surge in demand from the country’s growing middle class
AI boom upends San Francisco housing market
It is creating extreme personal wealth in the area, with tech companies paying employees in the sector lofty salaries
Think twice about rebuilding that old landed property into a super-big house to max out GFA
Mind the high construction and recurring costs of building a gigantic home for owner occupation
2,520 BTO flats with waits of around three years to go on sale in June
When flat applicants book a unit in such projects, construction would already be well under way
Up to 11 new condo projects with 3,550 units lined up for H2 launch as price ceilings emerge
Analysts do not expect average launch prices to breach the S$4,000 psf mark in the near term
The Albanian island at the centre of anger over Kushner’s resort plans
1.4b-euro project could turn Sazan from a former army outpost with decaying buildings and military relics into a centre of privilege for...
URA lifts ban on new hotels, hostels and serviced apartments in Boat Quay, Beach Road areas
The government will also pilot schemes in some precincts to test how space can be used to make the city centre more...
Hong Kong’s second-largest hotel risks being seized by banks
Lenders seek receivers for 1,200-room property to speed up sale and recover funds
UK house prices fall unexpectedly as market feels Iran war impact
Average mortgage rates have climbed by almost a full percentage point since the start of the conflict
UK’s spending watchdog shines light on royals and their properties
In its most detailed review yet, it examines agreements the family has with the Royal Household and The Crown Estate
Paypal co-founder Peter Thiel’s family office pays record rent for top Miami tower
He is paying about US$250 psf for 18,158 sq ft of space, roughly five times the city’s average office lease
Lian Beng Group’s Ong family members pick up two bungalows in Belmont Road for S$60 million
The price works out to S$1,437 psf on the total land area of 41,741 sq ft
Fuji Media’s real estate unit attracts 1 trillion yen bids
More than 15 firms submit bids for Sankei Building
Jaleel family’s JD Properties buys 2 Australian hotels for A$100m
These acquisitions come just six months after the group’s purchase of a Brisbane property for A$34 million
Bank CEOs press Mamdani to get more New York housing built
Housing supply growth requires faster permitting, not extra cash
New Zealand home building hits 10-year low as house prices stall
The volume of residential construction falls 5% to NZ$17.6 billion in the 12 months through March