02122016Fri
Last update: Fri, 12 Feb 2016 08am

Real Estate

Business & Finance - Real Estate

Dubai DUBAI: Emaar Properties, Dubai's largest listed developer, has signed a $500 million loan to help finance a real estate project in Turkey, a statement from the company said on Wednesday.   The facility, which runs for seven years, was provided by a consortium of banks including Emirates NBD, HSBC and Standard Chartered.   The Turkish development, called Emaar Square, will host residential and commercial real estate as well as Turkey's largest shopping mall, the statement added.   Copyright Reuters, 2012** ...

Business & Finance - Real Estate

China property market revives despite controls  SHANGHAI: After waiting for a year, accountant Qi Youdi bought a new home in the eastern Chinese city of Hangzhou, among the millions of buyers bringing life back to the country's moribund property market.   For the past two years, China has sought to control residential property prices with measures including restrictions on second and third home purchases, higher minimum down payments, and annual taxes in some cities on multiple and non-locally-owned homes.   The moves, announced in the ...

Business & Finance - Real Estate

China says more cities record home price rises  SHANGHAI: The cost of new homes increased in more Chinese cities in November than in the previous month, official figures showed Tuesday, despite efforts from the government to keep the market in check.   Prices in 53 out of 70 cities tracked by the government rose month-on-month, the National Bureau of Statistics said in a statement, up from 35 cities in October and 31 cities in September.   Prices of new homes dropped in 10 cities and stayed unchanged ...

Business & Finance - Real Estate

China says home prices rose in October  BEIJING: More Chinese cities reported rises in home prices in October than in September, data showed Sunday, the first gain in three months as the government works to keep the property market in check.   Prices in 35 out of 70 cities tracked by the government rose month-on-month, the National Bureau of Statistics said in a statement, up from 31 cities in September, and the first increase since July.   Prices of new homes dropped in October in 17 ...

Business & Finance - Real Estate

US existing-home sales slip in September WASHINGTON: Sales of existing homes in the United States slipped in September after hitting their fastest pace in more than two years in August, an industry group said Friday.   Existing-home sales fell 1.7 percent last month from August to an annual rate of 4.75 million, the National Association of Realtors (NAR) said.   But the September number was still 11.0 percent higher than the sales rate a year earlier, a further sign of recovery under way in the ...