Business & Finance » Real Estate

MENA

Dubai’s high-end property sales rise on overseas demand

DUBAI: Sales of homes in Dubai worth $10 million or more rose 6% in the first quarter versus last year, an industry...

Published 16 Apr, 2024 12:07pm

Real Estate

China’s new home prices decline at fastest pace since 2015

BEIJING: New home prices in China fell at their fastest pace in more than eight years in March as the debt woes of...

Published 16 Apr, 2024 12:03pm

Real Estate

Shares in Chinese developer Country Garden suspended in Hong Kong

HONG KONG: Trading in debt-ridden Chinese property developer Country Garden was suspended in Hong Kong Tuesday, days...

Published 02 Apr, 2024 02:09pm

Real Estate

China’s new home prices rise at fastest pace in over 2-1/2 years, survey shows

BEIJING: New home prices in China rose at the fastest pace in more than two and a half years in March versus a month...

Published 01 Apr, 2024 10:38am

Real Estate

China’s Country Garden hires Kroll to carry out liquidation analysis, sources say

HONG KONG/SYDNEY: Country Garden has hired Kroll to carry out a liquidation analysis ahead of a court hearing in...

Published 27 Mar, 2024 01:55pm

Real Estate

German property lenders see slight pickup in financing in 2024

FRANKFURT; German property lenders are forecasting a slight revival in real-estate financing this year after a sharp...

Published 27 Mar, 2024 01:52pm

Real Estate

China’s Feb new home prices extend declines

BEIJING: China’s new home prices dropped for an eighth straight month in February, official data showed on Friday,...

Published 15 Mar, 2024 11:07am

Real Estate

Evergrande chairman’s second seized Hong Kong mansion put up for sale

HONG KONG: A second mansion in Hong Kong that once belonged to China Evergrande Group’s chairman has been put up for...

Published 01 Mar, 2024 10:19am

Real Estate

Country Garden faces winding-up petition in Hong Kong

HONG KONG: A petition to wind up debt-hit Country Garden has been filed in a Hong Kong court, the company said...

Published 28 Feb, 2024 12:32pm

Real Estate

Board of Revenue Sindh notifies e-registration in registrar offices in Karachi

The Board of Revenue, Sindh, has issued a notification of e-registration in terms of Section 6 (2) of the Sindh...

Published 15 Feb, 2024 09:59am

Real Estate

The people behind the indebted developer’s overhaul: China Evergrande

SYDNEY/HONG KONG: Restructuring experts from Alvarez & Marsal will rely on China connections and a track record...

Published 07 Feb, 2024 10:46am

Real Estate

China property developers Sunac, CIFI say projects get local govt support

HONG KONG: Chinese property developers Sunac China and CIFI Holdings said some of their projects had been listed by...

Published 05 Feb, 2024 11:58am

Real Estate

China Jan new home prices rise at fastest pace since Aug 2021

BEIJING: China’s new home prices rose in January at the fastest monthly pace since August 2021, buoyed by a slew of...

Published 01 Feb, 2024 11:09am

Real Estate

Evergrande’s bond holders could wait years for little payout

SYDNEY: China Evergrande’s offshore dollar bondholders stand to receive a potentially tiny payout in a complicated...

Published 31 Jan, 2024 12:29pm

MENA

Dubai’s property boom shows signs of fizzling out

LONDON/DUBAI: As cranes speckle the Dubai skyline and ultra-luxury homes change hands at record prices, signs that...

Updated 26 Jan, 2024 02:52pm

Real Estate

Average price of new Tokyo apartment jumps in 2023, sets record

TOKYO: The price of new apartments in Tokyo leapt to a record 114.8 million yen ($777,093) in 2023, pushed up by...

Published 25 Jan, 2024 11:15am

Real Estate

Country Garden seeks to sell assets worth $530mn in Guangzhou

HONG KONG: Embattled Chinese property developer Country Garden is selling properties in Guangzhou, aiming to raise...

Published 24 Jan, 2024 10:55am

Real Estate

China’s Country Garden nears full exit from Australia with residential project sale

SYDNEY: Indebted Chinese developer Country Garden has agreed to sell a stake in an Australian residential project,...

Published 18 Jan, 2024 10:32am

Real Estate

Country Garden expects China property market to remain weak in 2024

HONG KONG: China’s largest private property developer, Country Garden, expects the property market will remain weak...

Published 16 Jan, 2024 10:50am

Real Estate

China’s new home prices up in Dec for 4th straight month

BEIJING: China’s new home prices rose for the fourth straight month in December, a private survey showed on Monday,...

Published 01 Jan, 2024 10:31am

Companies

TPL REIT Fund I completes first funding round

TPL REIT Fund I managed by TPL REIT Management Company Limited (TPL RMC) has completed its first funding round. The...

Published 28 Dec, 2023 05:39pm

South Asia

Modi seeks to revive hinterland finance hub with new sweeteners

Indian Prime Minister Narendra Modi is looking to revive a decade-old project to build a new financial hub in his...

Published 14 Dec, 2023 11:42am

Real Estate

Hong Kong October home prices drop to lowest since March 2017

HONG KONG: Hong Kong private home prices extended a fall in October, dipping to their lowest since March 2017,...

Published 28 Nov, 2023 11:03am

Real Estate

Evergrande chairman’s two luxury mansions seized by creditor

HONG KONG: Two luxury homes in Hong Kong owned by the chairman of embattled property developer China Evergrande...

Published 22 Nov, 2023 11:33am

Real Estate

China’s Jan-Oct property sales fell 6.8% y/y, investment down 9.3%

BEIJING: Property sales by floor area in China fell 6.8% year-on-year in January-October, compared with a 7.5% slide...

Published 15 Nov, 2023 10:03am

Real Estate

UAE firms to invest $25bn in real estate industry

KARACHI: A conglomerate of Real Estate companies from the United Arab Emirates will invest USD 20 to 25 billion in...

Published 11 Nov, 2023 06:30am

MENA

Dubai’s ‘super stable’ status ensures its real estate market keeps attracting Pakistanis

Official at DAMAC Properties highlights reasons for real estate interest from country

Updated 03 Nov, 2023 09:22am

Real Estate

Evergrande proposes offshore creditors get 30% equity stake in subsidiaries

China Evergrande has proposed a new debt restructuring plan for offshore bondholders, offering to swap their debts...

Published 01 Nov, 2023 11:00am

Real Estate

China Evergrande granted final reprieve as winding-up hearing adjourned

HONG KONG: A hearing on Monday to wind up China Evergrande Group was adjourned until Dec. 4, with a Hong Kong High...

Published 30 Oct, 2023 10:15am

Real Estate

Evergrande held talks with creditors this week: Bloomberg News

China Evergrande Group held talks this week with creditors who had opposed its restructuring plan, Bloomberg News...

Published 27 Oct, 2023 10:06am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 24	293.94
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Diesel/Litre / Apr 24	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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