Property News

Chinese real estate developer applies for trading in its shares to resume days before a key debt deadline Source : ft.com Read more…Evergrande’s plan to sell property services division collapses

Cost of a home climbed in every region in 12 months to August, with prices in London rising to £526,000The average cost of a UK home increased by £25,000 in the 12 months to August, official figures show, with rises recorded in all regions.The annual rate of price inflation hit 10.6% during the month, […]

Data reveal price decline in big cities in September as weakness in real estate sector reverberates Source : ft.com Read more…China new home prices hit by first month-on-month fall since 2015

Shimao Services Holdings, the management unit of one of China’s largest property developers, is tapping the capital market for funds, a plan that surprised investors who are already jittery over the financial state of China’s indebted developers, causing its shares to tumble.Shimao plans to issue HK$3.11 billion of convertible bonds at a conversion price […]

China’s monthly benchmark price index of new homes fell for the first time in more than six years, confirming the real estate slump that dragged the nation’s economy to its slowest quarterly growth pace since September 2020.The average cost of a new home in China fell by 0.1 per cent in September from last […]

More than 100 workers say they were wrongly classed as self-employed by online property group Source : ft.com Read more…Purplebricks faces legal action from agents over holiday and pension pay

Property markets in Southeast Asia, one of the worst-hit by the Covid-19 pandemic, are poised to recover as countries across the world gradually open up in the coming months, according to analysts and investors. Much of that recovery will be driven by the region’s young population, they said.Office rents across Southeast Asia declined between […]

A Swiss developer is launching a luxury residential project in the Alps exclusively for Asian investors ahead of the winter ski season, as travel restrictions ease around the world with increasing vaccination rates against the Covid-19 pandemic.Andermatt Swiss Alps is tapping buyers from the region for Silva in the village of Andermatt, comprising six […]

Hong Kong’s reputation has been hit by indebted developer’s lack of updates Source : ft.com Read more…Evergrande share trading halt pushes HKEX suspensions to record bn

Plus, J&J spent $1.4bn on legal move over cancer claims and Brussels vows to punish Poland for challenging EU law Source : ft.com Read more…FirstFT: WeWork finally becomes a public company

Property investments sales were at $7.5 billion in Q3 2021, a 79% year-on-year increase. Singapore’s real estate investment sales increased 6.9% quarter-on-quarter and 79% year-on-year to $7.5 billion in the third quarter of 2021, on the back of higher Government Land Sales (GLS), revealed Colliers International. Mixed-use transactions surged 816% quarter-on-quarter to $2.5 billion, […]

Office space company’s $9bn value is a fraction of the $47bn secured ahead of its failed IPO Source : ft.com Read more…WeWork to make belated arrival on stock market after Spac merger

A 26.5% decline in the number of overall auction listings overall was also reported, with 150 listings in Q3 2021, down from 204 listings in Q2 2021. Singapore’s property auction market saw success rate drop 4.7% in the third quarter of 2021, from 6.4% in the preceding quarter, according to Knight Frank. A total of […]

The $33.39 million price tag for the 19,984 sq ft Good Class Bungalow translates to $1,671 per sq ft for the freehold property. Source: Google Maps The Good Class Bungalow (GCB) at Second Avenue owned by the founder of collapsed firm Hin Leong, Lim Oon Kuin and his wife Tan Sook Eng, has been sold […]

104 of the 105 units of the Jervois Mansion condominium project has been sold, with Singaporeans forming the majority of buyers. Source: Jervois Mansions Jervois Mansion, Kimen Group’s condominium project in Jervois Close within the River Valley area, sold 99% or 104 of the 105 units launched, reported The Straits Times (ST). Located within […]

Government’s net zero plan wants to link energy upgrades to home financing, but policy details will be critical If you want to live in an energy inefficient home, expect to pay more for your mortgage. Or perhaps the implied message in the government’s net zero documents was starker: you won’t even get a mortgage […]

China’s property and construction sectors contracted in the third quarter for the first time since the start of the pandemic, hurt by a slump in real estate as the Evergrande debt crisis and the effects of Beijing’s tougher property market regulation spread to other parts of the economy.Output in the real estate and construction […]

It loses its premium over time, so mortgage providers are more reluctant to lend to those with small deposits Source : ft.com Read more…The problem with new-build property

China Evergrande Group made its first interest payment on its corporate bonds in nearly a month on Tuesday as questions continue to swirl about its ability to service its massive pile of debt accumulated from years of aggressive expansion beyond its core property business, according to people familiar with the matter.The company’s onshore real […]

More companies miss debt payments as country’s real estate sector contracts in third quarter Source : ft.com Read more…Chinese developer Sinic defaults as Evergrande deadline looms

Housebuilder says differing interpretations of fire safety have slowed efforts to resolve predicament Source : ft.com Read more…UK cladding crisis could drag on for ‘two decades’, warns Bellway

Prospective purchasers are reminded to carefully consider their own financial situation before making a property purchase decision. In most situations, whether a property transaction can be completed depends on the amount of mortgage loan that could be obtained.Prospective purchasers should bear in mind that there are numerous factors affecting the approval of their mortgage […]

Inspired by George Orwell’s love of gardening, Solnit’s suitably rambling book should appeal to the green-fingered and the politically committed alikeThe roses are in dire need of pruning. My rambler in particular is getting very tangled; too many whipping tendrils snaking out haphazardly at all angles. But it’s so pretty it’s hard to be […]

Is it too late to put the shares into a stocks and shares Isa? Source : ft.com Read more…How much CGT will we pay on our Diageo shares?

By RNZ Residents and political parties appear cautiously supportive of moves to allow higher-density housing, but also raise concerns about government overreach and regulatory confusion.In a rare show of bipartisanship, the… Source : nzherald.co.nz/Property Read more…Medium density housing law proposal greeted with tentative support

A community leader has called on the Government to include Napier and Hastings under a significant law change that will make it easier to build homes in major New Zealand cities.Labour and National announced a new joint housing… Source : nzherald.co.nz/Property Read more…Housing crisis: Call for Napier, Hastings to be included in proposed […]

Chinese local governments have withdrawn some 206 plots of land from auctions in major cities since last month as buyers tightened their finances after Evergrande’s debt crisis roiled the property market.The plots represented almost one-third of about 700 plots that were put up for sale in 22 cities including Beijing, Shanghai and Guangzhou. Since […]

A real estate bull market in Hong Kong, the world’s most expensive major city for 10 consecutive years until 2019, has trickled over to inflate the prices of even the smallest habitable homes.The average cost of new micro-apartments, or flats smaller than 200 square feet (18.6 square metres), rose to HK$25,512 per square foot […]

Country is trying to modernise logistics infrastructure as surge in online retail drives demand for space Source : ft.com Read more…GLP to raise bn Japan real estate fund amid warehouse boom

Fletcher Building’s trading has been “solid” in this current financial year and could exceed last year, despite lockdowns here and in Australia. Ross Taylor, chief executive, has just given that update to the market and will address… Source : nzherald.co.nz/Property Read more…Fletcher Building’s trading could exceed last year, despite lockdowns: CEO Ross Taylor

Auckland property developer Du Val Group says it is a “privilege” for its staff to have posted positive company reviews without saying they worked for the business.The company headed by Kenyon Clarke lauded the staff for activities,… Source : nzherald.co.nz/Property Read more…Commerce Commission gets complaint on Du Val Group staff posting anonymous reviews

Funding comes as part of government’s heat and buildings strategy, but campaigners say plan lacks ambition Ministers have unveiled plans for £5,000 grants to allow people to install home heat pumps and other low-carbon boiler replacements as part of a wider heat and buildings strategy that some campaigners warned lacked sufficient ambition and funding.Labour […]

We aim to return to the UK every now and then to live in the property but we are unsure about buy-to-let mortgagesQ My girlfriend and I are thinking of buying our first property together (neither of us have bought or owned property before). But we are thinking of moving abroad in a few […]

An Auckland lawyer has been struck off after using a client’s funds to pay off his debts.Solicitor Jesse Seang Ty Nguy was charged with failing to hold trust money exclusively for his clients and failing to account to those clients.At… Source : nzherald.co.nz/Property Read more…Auckland lawyer struck off for using client funds to […]

By RNZ Property investors are selling off older properties to buy newer ones as they look to manage investments against changes to tax rules and healthy homes standards.Hamilton-based Lodge Real Estate managing director Jeremy… Source : nzherald.co.nz/Property Read more…Investors ditch old houses for new ahead of taxes and standards

Eighteen suburbs in Christchurch now have an average house price of $1 million or more, double the number from 12 months ago.According to the latest OneRoof-Valocity House Index, the average property value for all of New Zealand… Source : nzherald.co.nz/Property Read more…Christchurch house prices continue to rise as most others slow

According to data from URA, there were 834 new private homes sold in September 2021, excluding executive condominium units, a 31.4% month-on-month decrease. New private home sales in Singapore fell 31.4% month-on-month in September – the second month where sales dropped by double digits.  Excluding executive condominiums (ECs), developers sold 834 units in September compared […]

Sales picked up on day two of a residential project launch in Sha Tin as the developer allocated smaller flats that tend to appeal to genuine end users, who are more price-sensitive than people buying purely to invest.Centralcon Properties, a local developer, had sold 150 of the remaining 265 units at The Arles near […]

Helping your loved ones get on the property ladder is getting easier and cheaper, but it is not without disadvantages or costsRising house prices are a double-edged sword for many families. Older generations have seen the value of their homes rise while their children and grandchildren struggle to get onto the property ladder. Now, […]

Here’s all you need to know to make a nice job of it…As someone who grew up in the tropics, surrounded by light and life all year, I will probably never get used to the long, slow decline of the garden as we slide inevitably into the UK winter. However, over the past 20 […]

A magical glimpse inside the house museums of five pioneers of art and designIf you are reading these pages, chances are you like nothing more than having a good snoop around other people’s houses. Below is a selection of five of the world’s best house museums – inspiring, creative, but ultimately delightfully domestic spaces […]

There’s a special melancholy pleasure about this time of yearUp through the mist-kissed hills, past the crow-strewn rubbish, the young reefer-smoking worker taking a last toke before the Tube, the anxious fug of weed. To the gate, 6.30am at the autumn allotment, the fading days of heat culled by heavy rain.I love this site. […]

First-time developers are cutting corners on new homes in Auckland, raising fears of a new leaky homes-type disaster in the city.Industry experts warn that “cowboys” in the trade are using inferior materials and breaking building… Source : nzherald.co.nz/Property Read more…New housing crisis? Auckland faces another ‘leaky homes’ disaster, experts fear

A weekend property sale got off to a slow start in Hong Kong, as homebuyers balked at flats offered by lesser known developers in a market where thousands of new flats are waiting to launch this year.Centralcon Properties, a local developer, managed to sell 118 flats, or 32 per cent of the first 374 […]

Give garlic what it wants – sunshine, sweet soil and some elbow room – and it will reward you with fat, juicy cloves This is a last call for garlic ordering. If you haven’t got yours, run to the shops or choose express delivery online because the best bulbs go quickly, and you want […]

From the lawyer turned landscaper to the pilot who won a flower show prize, meet three career-switching gardeners A table and chairs covered in lichen; a grubby patio; an overgrown bed teeming with weeds … those of us with outdoor space all have corners that need attention. And as many of us continue to […]

Sunny Peninsula, a seaside development in Guangzhou, Guangdong province, southern China, was supposed to house 5,000 families in dozens of towers spread across an area the size of 30 football pitches. Many of the buyers were white-collar workers benefiting from the fastest urbanisation in human history.But the project now looks more like the set […]

Beijing could let the property behemoth go bankrupt, but that risks shockwaves both at home and abroad Source : ft.com Read more…Xi Jinping’s Evergrande dilemma has repercussions far beyond China

China’s central bank for the first time on Friday lambasted property giant Evergrande Group for its “poor management”, while saying the potential spillover effects to the financial system from a collapse of the developer are controllable.The comments from Zhou Lan, head of the financial department at the People’s Bank of China (PBOC), come amid […]

China Evergrande has failed to sell its single largest asset to state-backed Yuexiu Property, Reuters reported, a huge blow to the debt-stricken developer’s frantic efforts to raise the funds it needs to survive.Guangzhou government-backed Yuexiu Property dropped a proposed US$1.7 billion offer to buy Evergrande’s 26-storey office tower in Wan Chai. Reuters cited two […]

Beijing makes first comments on company as Hong Kong probes PwC audit of indebted developer Source : ft.com Read more…China’s central bank says spillover from Evergrande crisis ‘controllable’

Keep it warm and well-misted, and this eye-catching plant will reward you wellWhy will I love it?Anthurium clarinervium, to give it its proper name, has become quite the brag plant, with its large, velvety, heart-shaped leaves growing to a whopping 30cm in length. The foliage is dark green on top and lighter on the […]

Rally threatens to compound property sector debt crunch sparked by woes at Evergrande Source : ft.com Read more…China’s coal futures set for best week on record as energy crisis deepens

From a former 19th century ballroom in Nottinghamshire to a townhouse music room in Kensington to practise your moves Continue reading… Source : theguardian.com Read more…Homes for Strictly Come Dancing fans – in pictures

The Environment Court has turned down controversial plans for a seven-level $200 million waterfront Mission Bay retail and apartment scheme in a case which turned on building height and bulk.The proposal would have seen major change… Source : nzherald.co.nz/Property Read more…Environment Court rejects 0m plans for seven-level Mission Bay apartments, shops

The notaires have recently published their half-year review of house prices in the Loire department of France. Source : french-property.com Read more…House Prices in the Loire

Just after midday today, an Auckland digger operator will board an Inflite Charters nine-seater jet to fly to Brisbane on a $7900 ticket his boss bought him.Stacey Anderson is going to Brisbane courtesy of Mike van Hest of Westpoint… Source : nzherald.co.nz/Property Read more…Covid 19 Delta outbreak: Digger driver in 00 Auckland-Brisbane seat […]

One of the identical villas built along Napier’s Marine Parade – best known as the Six Sisters – has gone up for sale.The heritage-listed property at 185 Marine Parade is part of a row of two-storey Victorian villas affectionately… Source : nzherald.co.nz/Property Read more…Napier: One of the iconic Six Sisters villas up for […]

Lim Bee Huat’s daughter is purchasing the 10,529 sq ft freehold property along Lornie Road for $26.9 million. Lee Bee Huat is the founder of the Kopitiam Group. Source: Google Maps A fairly new bungalow at Lornie Road is being acquired by the daughter of Lim Bee Huat of Kopitiam King fame for $26.8 million, […]

Property no longer a stable nest eggHousing affordability is predicted to worsen as enduring WFH arrangements force homeowners to buy larger homes, and price-to-income ratios achieve multi-year highs. The latest research by DBS showed that investing in property for retirement funds is no longer as financially stable as before, reported Singapore Business Review (SBR). […]