02122016Fri
Last update: Fri, 12 Feb 2016 05pm

Real Estate

Business & Finance - Real Estate

China says housing market slowed in September  SHANGHAI: Fewer Chinese cities reported rises in home prices in September than the previous month, official data showed Thursday, as the government stood by its stance of controlling property speculation.   Prices in 31 out of 70 cities tracked by the government rose month-on-month, the National Bureau of Statistics said in a statement, down from 36 cities in August.   Prices of new homes dropped on the month in 24 cities and remained unchanged in the remaining 15 cities, it said.   "Currently the property market is generally stable," statistics bureau spokesman Sheng Laiyun told reporters at a briefing in Beijing. "The price trend of 'declining while stabilising' was extended."   China has implemented measures to control property prices for more than two years, including prohibitions on buying second homes, mandating higher minimum down-payments and imposing property taxes in some cities.   The house market had shown signs of recovery in recent months, after China slashed interest rates twice and ...

Business & Finance - Real Estate

Li Ka-shing-backed firm to launch Singapore SINGAPORE: A real estate investment trust backed by Hong Kong tycoon Li Ka-shing announced on Wednesday it hopes to raise around $800 million in a yuan-denominated initial public offering in Singapore.   The offer by Dynasty REIT will be the first yuan-denominated flotation in the affluent city-state and the second outside mainland China.   Dynasty REIT, which is sponsored by real estate fund manager ARA Asset Management Ltd, lodged its prospectus on Wednesday with the Monetary Authority of Singapore ...

Business & Finance - Real Estate

China home prices rise for 4th month in September: survey  BEIJING: Average home prices in China's 100 big cities edged up for a fourth straight month in September, a private survey showed, reinforcing signs of a mild recovery as the government seeks to boost growth while avoiding a real estate bubble.   Average home prices rose 0.17 percent to 8,753 yuan ($1,400)per square metre in September, moderating from August's month-on-month increase of 0.24 percent, the China Real Estate Index System (CREIS) said.   A steady rise in home prices ...

Business & Finance - Real Estate

UK house prices fall unexpectedly in Sept  LONDON: British house prices fell unexpectedly in September, figures from mortgage lender Halifax showed on Thursday, as the weak economy weighed on demand. British house prices dropped 0.4 percent in September after a bigger than initially estimated 0.5 percent fall in August, leaving prices in the third quarter of 2012 1.2 percent lower than a year earlier. Economists had expected house prices to hold steady in September and to be 0.9 percent lower on the year. "The generally ...

Business & Finance - Real Estate

Australia new homes sales hit 15-year low  SYDNEY: Sales of new homes in Australia fell to a 15-year low in August, an industry survey showed on Wednesday, in a sign more cuts in interest rates might be needed to revive the long-suffering housing sector.   The Housing Industry Association (HIA) said its survey of large builders showed sales of new homes dropped 5.3 percent in August, compared to July. Sales of detached homes fell 5.8 percent, while sales of multi-units eased 2.5 percent.   The decline ...