Market News
Hotel Miramar to shut end-October; 108 employees hit
It attributes the ‘difficult decision’ to its long-term business outlook
Singapore mall landlords are adapting to changing consumer habits, but there’s room for new approaches
Suggestions from market players include mixed-use developments that will ease reliance on rents and tapping underused spaces for pop-ups
Land betterment charges for commercial, residential and industrial uses go up by 0.1% to 1.6% on average
Rates for place of worship, civic and community institution use to rise by 2.9% on average; rates for hotel, hospital, nursing home...
New Zealand considers relaxing homebuying ban for rich foreigners
It wants to attract more high-net-worth investors
US mortgage rates fall slightly, sending 30-year home-loan costs to 6.56%
Sellers vastly outnumber shoppers; the 36.3% gap is the biggest in records dating to 2013
GuocoLand falls by nearly 3% after reporting slump in H2 net profit to S$32.4 million
The property developer’s earnings fall 48% on the year
The end of London’s Elizabeth line is awash with empty offices
Office tenants are slow to head westwards, and the town of Reading alone has enough office stock to last 4.7 years
Perennial opens S$260 million assisted-living facility with monthly rates from S$8,900 to S$17,000
Parry Avenue pilot project, targeted at luxury market, houses 200 fully furnished apartments, a nursing home, and a rehabilitation, medical and wellness...
From China to Singapore: Perennial banks on eldercare for growth
Rates at its new assisted-living facility are high, but the group’s CEO hopes to refine the model and lower them over time
Marilyn Monroe’s home faces demolition in battle over landmarks
Celebrity homes are one of LA’s major tourist attractions, with star-tour buses clogging streets from Hollywood to the Pacific shores
Luxury apartment sales pick up in H1 amid new launches and lower interest rates
Singapore’s status as a safe haven continues to attract investors and high-net-worth individuals
Hongkong Land leans on ‘hotelification’ to boost Singapore office portfolio performance
Hongkong Land seeks to provide a hotel-like experience for workers and visitors in its buildings in Marina Bay
Hong Kong July home prices grow faster, up 0.4% on month
[HONG KONG] Hong Kong’s monthly home prices rose 0.4 per cent in July for a fourth successive month in accelerated growth, government...
Malaysia’s PNB plans RM6 billion sukuk for skyscraper project
The company will also use the money raised to refinance its existing sukuk
Home prices in the US increase at the slowest rate since 2023
With few eager shoppers in the hunt, sellers are warming up to discounts and other concessions in parts of the country where...
Hong Kong mansion fetches HK$1.1 billion in record for this year
The city’s luxury property market has seen increased activity in recent months, according to a report
Australia housing dysfunction mirrored in central bank’s blowout rebuild
While rising property prices have long been seen as a positive by governments, the levels they have now reached appear increasingly problematic
UK’s rich keeping family offices in London despite tax worry
[LONDON] Concerns around wealth taxes are prompting worries that the UK’s ultra rich are moving abroad, but the business of managing their...
URA releases first private condo site in new Newton estate for sale
Prime plot likely to be hotly contested, could draw bids of up to S$1,600 psf ppr amid plans for 5,000 homes around...
US new-home sales exceed forecast following upward revision
Prices have fallen on an annual basis every month this year except one
Mapletree enters Australia student housing market with Perth acquisition
The student accommodation market in the country remains significantly undersupplied
Shanghai eases home-buying rules as China adds property support
The housing slump has dragged on for four years with little sign of improvement, even after stimulus measures were unveiled last September
Logan, KWG gauge investor interest for Corniche loan refinancing
The existing facility carries an initial annualised yield of up to 13%, with a 30-month term and two optional six-month extensions
Keep Vers for HDB flats simple and fair
Framework should include 80% threshold for agreement, fair compensation
From US$50 billion to bust, investors count cost of Evergrande’s market tryst
The company’s journey from stock exchange darling to a pariah in the financial markets is a cautionary tale of unbridled debt-fuelled expansion...
Germany revives building style with a bleak history – prefab housing
Mass-produced concrete apartment towers once dominated cities in the former East Germany. Can modern ‘slab buildings’ win over new fans with better design and materials?
Singapore residential rents stabilising after correction as leasing activity recovers in Q2
Rents are expected to stay broadly flat in 2025; smaller units face pressure as new supply comes online while larger homes remain...
China’s Country Garden forecasts bigger loss after deliveries slump
China’s property slump has slowed housing project deliveries and squeezed the earnings of developers as they struggle to revive their businesses