Abu Dhabi developer Aldar posts 88% in Q1 leap
ABU Dhabi’s biggest developer, Aldar Properties, posted an 88 per cent leap in first-quarter net profit on Monday, supported by strong revenue...
Without a game changer, Sentosa Cove condos will continue underperforming
SINGAPORE’S island resort of Sentosa, located off its southern coast, is a major tourist destination. Visitors flock to Resorts World Sentosa (RWS)...
Church to tackle US housing crisis
WALKING past empty pews and stained-glass windows, the Rev Victor Cyrus-Franklin, pastor of Inglewood First United Methodist Church in Inglewood, California, talked...
Chinese property developer Kaisa’s liquidation hearing adjourned to May 27
A HONG Kong court adjourned a hearing to liquidate Kaisa Group to May 27, as the embattled Chinese property developer said it...
China developer Cifi gets bondholder go-ahead on restructuring plan
EMBATTLED Chinese property developer Cifi Holdings said on Monday (Apr 29) it has reached agreement with a key group of bondholders on...
London's Canary Wharf sees £1.2b slashed from property values
PROPERTY values in London’s Canary Wharf financial district fell by £1.2 billion (S$2.1 billion) over the past year, led by a decline...
Commercial real estate debt is back with 170% jump in sales
COMMERCIAL real estate was one of the scariest assets in the US last year. This year, investors are warming to it once...
Chinese city of Chengdu relaxes home-buying rule to revive sales
CHENGDU, a major city in south-west China, removed home-buying curbs, joining dozens of peers in the country in an attempt to revive...
Vanke slams Moody’s downgrade, citing shareholder support
CHINA Vanke Co made a rare response to Moody’s downgrade last week, citing support from financial institutions and its biggest shareholder.
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
SINGAPORE’S private housing prices rose at their slowest quarterly pace in almost three years, as home sales slowed, supply expanded, and rents...