{"id":56816,"date":"2017-05-31T18:43:00","date_gmt":"2017-05-31T11:43:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-week-in-money\/"},"modified":"2017-06-03T17:12:57","modified_gmt":"2017-06-03T10:12:57","slug":"this-week-in-money","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-week-in-money\/","title":{"rendered":"This week in money"},"content":{"rendered":"


\n“Some of us are worried that consumers are going back into old habits, but the US consumer was in a much different position before the financial crisis and even before in the late 1990s.”Ryan Sweet, an economist with Moody’s Analytics on consumer debt concerns in the USPessimism seeps into Canadian sentimentCanadians became less confident this month about housing and prospects for the economy amid the troubles of a Toronto mortgage lender, according to telephone polling. The Bloomberg Nanos Canadian Confidence Index fell to 58.5 in the week ending May 26. That is down from 59.4 at the end of April, the first monthly decline in four.
\n2.57%Emirates Islamic launched the Booster Wakala Deposit on Friday offering expected profit rates up to 2.57 per cent per annum. The bank says it aims to provide its affluent customers with a Sharia-compliant market-leading Wakala deposit proposition that strengthens their savings portfolio. Customers can open their Booster Wakala Deposit with a minimum balance of Dh100,000 and can expect annual profit rates ranging from 2 per cent for one year; up to 2.57 per cent for five years.
\nHome loan approvals fall in the UKUK mortgage approvals fell to a seven-month low in a sign the housing market is slowing, although Britons are continuing to take advantage of low interest rates to take on unsecured debt. Lenders approved 64,645 home loans in April, the fewest since September. Property bubble needs fixing down underAustralia is experiencing a “spectacular housing bubble” which needs to be addressed with tougher regulatory measures, said Willem Buiter, the Citigroup Inc’s chief economist. The city’s home prices jumped 16 per cent in the 12 months through April, stoking record household debt and putting ownership increasingly beyond the reach of many.
\npf@thenational.aeFollow us on Twitter @TheNationalPF
\n
\nSource : thenational.ae
\nRead more…This week in money<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“Some of us are worried that consumers are going back into old habits, but the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-56816","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-eMo","jetpack-related-posts":[{"id":119626,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lungs-hk2-57-billion-purchase-of-us-governments-37-shouson-hill-road-villas-runs-into-diplomatic-snag-in-us-china-spat\/","url_meta":{"origin":56816,"position":0},"title":"Hang Lung\u2019s HK$2.57 billion purchase of US government\u2019s 37 Shouson Hill Road villas runs into diplomatic snag in US-China spat","date":"December 30, 2020","format":false,"excerpt":"\r One of Hong Kong\u2019s biggest real estate transactions of 2020 has been caught in the crossfire of US-China relations, as the United States consulate failed to get its sale of luxury villas on The Peak recognised by the city\u2019s Land Registry.The HK$2.57 billion (US$330 million) sale on September 10\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldin-financial-loses-record-us331-5-million-on-resale-of-land-at-kai-tak-as-coronavirus-darkens-outlook-for-hong-kongs-property-market\/","url_meta":{"origin":56816,"position":1},"title":"Goldin Financial loses record US$331.5 million on resale of land at Kai Tak as coronavirus darkens outlook for Hong Kong\u2019s property market","date":"May 11, 2020","format":false,"excerpt":"\r A Hong Kong developer has suffered the biggest loss on a land sale in the city\u2019s history, offloading a residential plot at Kai Tak to raise cash to help it weather a market slump caused by the coronavirus pandemic.Goldin Financial Holdings, controlled by Pan Sutong, one of Hong Kong\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119890,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hang-lung-has-us132-million-in-limbo-as-its-purchase-of-shouson-hill-villas-in-hong-kong-hits-a-snag-amid-us-china-spat\/","url_meta":{"origin":56816,"position":2},"title":"Hang Lung has US$132 million in limbo as its purchase of Shouson Hill villas in Hong Kong hits a snag amid US-China spat","date":"January 28, 2021","format":false,"excerpt":"\r Hang Lung Properties, the Hong Kong buyer of the US government\u2019s real estate asset in Hong Kong, may have up to HK$1.027 billion (US$132.5 million) in limbo, as its purchase has been caught up in the souring diplomatic relations between Washington DC and Beijing.The developer paid HK$257 million as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66162,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/canadian-rate-rise-seen-spurring-housing-before-consumer-crunch\/","url_meta":{"origin":56816,"position":3},"title":"Canadian rate rise seen spurring housing before consumer crunch","date":"September 12, 2017","format":false,"excerpt":"\r A second rate rise by the Bank of Canada will temporarily goose housing as buyers look to complete deals before mortgage rates go up, but higher borrowing costs will soon weigh on Canada\u2019s indebted households and douse spending and home buying. The central bank raised rates unexpectedly last week,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pine-tree-condominium-goes-en-bloc-with-148mil-tag\/","url_meta":{"origin":56816,"position":4},"title":"Pine Tree condominium goes en bloc with $148mil tag","date":"July 20, 2018","format":false,"excerpt":"\r (Image source: SLP) Pine Tree Condominium located at the peak of Balmoral Park has joined the en bloc fray carrying a reserve price of $148 million, revealed SLP Scotia. The 50-unit development is nestled on a 3,842.50 sq m (41,276.14 sq ft) site, which is zoned residential under the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75569,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kovan-apartments-up-for-collective-sale-for-33mil\/","url_meta":{"origin":56816,"position":5},"title":"Kovan Apartments up for collective sale for $33mil","date":"January 2, 2018","format":false,"excerpt":"\r Kovan Apartments, a four-storey residential development along Kovan Road, has been put up for en bloc sale by tender, with an asking price of $33 million, revealed marketing agent Savills Singapore. The asking price, however, excludes an estimated development charge of $2.57 million since the site is not fully\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56816"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=56816"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/56816\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=56816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=56816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=56816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}