Property News
US new home sales unexpectedly fall in May
It dropped 7.3% to a seasonally adjusted annualised rate of 580,000 units
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
The property was eventually sold for £6.75 million less than was initially agreed
China developer Shimao’s Hong Kong hotels seized and put on sale by lenders
Shimao tried to sell the hotel assets in 2023 and 2025 but there were no takers
Londoners complain of ‘unbearable heat’ in city’s modern housing
The culprit is box-style apartment buildings with sheer facades and huge windows
US House passes historic housing affordability Bill, sending it to Trump
The legislation would streamline rules around factory-built housing, encourage localities to remove barriers
Supply chain shocks, labour and power constraints weighing on Apac building boom: report
Delivery is now the most pressing challenge as Middle East conflict pushes global supply chain risk to its highest since 2022
Australia’s tax overhaul chills nation’s long love affair with property
Weekend auction clearance rates nationally fall to below 50%, the lowest point since the pandemic: Cotality
US consumers favour homebuying over renting for first time since 2023
Prospective buyers appear less willing to wait for conditions to improve
Singapore real estate execs turn pessimistic in Q1 as inflation fears mount: NUS poll
Residential sector is a rare bright spot as sentiment towards commercial real estate weakens
South Korea’s policy chief flags property risks from chip windfall
The resulting income gain may eventually support luxury spending and property demand
Red Sea Global aims to bring troubled Saudi luxury island ‘back to life’
The multibillion-US dollar Sindalah development has never opened to the public despite a VIP launch party in 2024
Meet rental demand by letting developers keep ownership of some condo units without hefty penalties
With the ABSD regime curbing investment demand, fewer private homes may be available for lease in future
US mortgage rates fall to lowest in month as Middle East tensions ease
The average for a 30-year fixed loan drops to 6.47% from 6.52% a week earlier, Freddie Mac says
Spain lacks 750,000 homes, with hot spots from Madrid to the Mediterranean coast
Shortage of supply and rising demand are pushing prices higher and making housing less affordable
Pimco targets out-of-date assets in new real estate strategy
The firm will buy and retrofit older buildings into greener, more appealing properties
Sunway MCL, CSC make bold bet on River Valley site with S$1,730 psf ppr bid at S$750.6 million
Top bid for River Valley Green plot marks new high for land in the area, and is about 22% above price of...
Orchid Hotel in Tanjong Pagar sold for about S$273 million
The buyer is a JV between a local developer and Westmont Hospitality; hotel is expected to be rebranded
Hong Kong’s Sogo department store refinances loan at last minute
The eleventh-hour deal and funding shortfall highlight strains in the city’s commercial property market after a years-long slump
