Average prices for new homes in China rose 1.2 percent in July, defying government efforts to ensure housing affordability and to clamp down on property speculation. It was the largest month-over-month increase in two years, as 67 out of 70… Read More>>
$47B in India Residential Projects Still Stalled Despite Market Rebound
An estimated $47 billion worth of housing projects in India are experiencing delays of from two to eight years, according to a report published yesterday by a property research firm. In total, 600 million square feet (56 million square metres)… Read More>>
Mainland Investors Dominate as Big Ticket HK Office Deals Jump by 136% in One Year
While restrictions on outward flows of capital have been blamed for drop-offs in Chinese investment in the US, UK and Australia, the impact of mainland money is still being felt in Hong Kong, where investors from north of the SAR… Read More>>
Shanghai Cancels Four Land Sales Worth RMB 5.41B as Clampdown Deepens
Shanghai has cancelled four planned land sales worth a total of more than RMB 5.41 billion ($796.4 million) in less than a month, as restrictions on the country’s real estate market dampen developer demand for new sites.
No reason was… Read More>>
Beijing Cracks Down on Illicit Loans for Land Purchases
The average price of buying a new home in China rose five percent in June compared to the same month in the previous year, but Beijing’s home price inflation firefighters are already showing their readiness to keep the city’s rekindled… Read More>>
SG Private Home Sales Dropped 42% in June as 2018 Turns From Feast to Famine for Developers
Singapore’s sales of new homes residential sales plummeted 41.7 percent in June compared to July, with the slump in transaction volumes coming just before city authorities boosted the stamp duty on home purchases by as much as 50 percent as… Read More>>
China’s Housing Ministry Inspects 30 Cities in Two Weeks to Exterminate Housing Speculators
Since the end of June China has moved to clamp down further on housing speculation as the government shows its determination to enforce President Xi Jinping’s vow at last year’s party congress that, “homes are for living, not for flipping.”
Singapore Hikes Stamp Duty by Up to 50% After 9% Jump in Home Prices
Singapore increased the Additional Buyer’s Stamp Duty (ABSD) and lowered Loan-to-Value (LTV) limits on Thursday, slamming the brakes on its housing market after statistics released earlier in the week showed home prices having jumped nine percent in the past 12… Read More>>
Singapore Home Prices Jump 9% in 12 Months — Set for Double-Digit 2018 Increase
Singapore residential prices rose nine percent on year and are close to all-time highs, according to a flash second-quarter price report issued by the city’s Urban Redevelopment Authority (URA) on July 2nd.
The latest jump in home prices moves the… Read More>>
Singapore Government to Boost Private Housing Pipeline By 8,040 More Homes in 2018
Singapore’s government is launching sites that can yield a total of up to 8,040 private residential units in the second half of 2018, keeping pace with new supply in the first half, while ramping up the commercial real estate pipeline… Read More>>
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