Property News

US SINGLE-FAMILY homebuilding rebounded sharply in September, boosted by demand for new construction amid a dearth of previously owned homes, but the highest mortgage rates in nearly 23 years could slow momentum. Feed - Read...

A COUNTRY Garden US$15 million coupon payment deadline has expired without word of payment, fuelling expectations that China’s biggest private property developer has defaulted on its offshore debt as the nation’s real estate woes deepen. Feed - Read...

A MEASURE of US mortgage applications stumbled to an almost three-decade low as borrowing costs increased for a sixth-straight week, indicating further downside momentum for a battered housing market. Feed - Read...

UK HOMEBUILDER Barratt said on Wednesday (Oct 18) it expects the housing market to remain difficult over the coming months and refrained from providing a full-year profit forecast, citing the “uncertain” outlook. Feed - Read...

CHINA’S property slump remained a drag on the economy in September despite several steps taken by authorities in recent months to bolster the sector. Feed - Read...

EVEN with a doubling of Singapore’s real estate investment sales value in the third quarter of 2023, Savills Singapore has cut its full-year projections in view of a dimmer macroeconomic outlook. Feed - Read...

CHINESE property stocks are on track for a 14-year low, as stress in the sector continues to rise amid slumping home sales and deepening debt woes for major developers. Feed - Read...

HSBC Holdings has nearly doubled the size of a loan arrangement to part of Indian billionaire Mukesh Ambani’s business empire, bolstering its bet on Asia’s richest person. Feed - Read...

AUSTRALIAN house prices are poised for an annual rebound during a policy-tightening campaign for the first time since at least the early 1990s, when the Reserve Bank of Australia (RBA) began inflation targeting and entered the modern era. Feed - Read...

CANADA’S government is examining new measures to rein in short-term rental services such as Airbnb as policymakers try to cool inflation in apartment and house rents. Feed - Read...