Property
Balestier Regency up for fourth en bloc sale bid at S$255 million
The price tag is about 17% higher than the second attempt in 2018 when it was launched for sale at S$218 million
Can a second home tax work in New York? The numbers don’t add up yet
The tax proposal is being held up as a generational attempt to make the ultrawealthy pay more to society
Hong Kong property shares rally as Morgan Stanley feeds optimism
The bank raises its estimate for home price growth 12% this year from 10%, and expects another 5% in 2027
Drop in HDB resale flat prices in Q1 no cause for panic among condo buyers
But mind weakening tailwind in upgrader demand if HDB resale market weakens
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CICT’s Tan Choon Siang marks first year with billion-dollar deal streak
Acquisition of Paragon and divestment of Asia Square Tower 2 follow CapitaSpring deal and ION Orchard acquirement
Builder China Vanke posts 5.95 billion yuan loss in Q1
The loss stemmed mainly from declines in home settlements
Italy’s Meloni backs housing access plan as election nears
It includes the refurbishment of existing social housing and steps to halve notary fees
UK house prices rise in April despite Iran war headwinds: Nationwide
They go up 0.4% after a 0.9% increase in March, in contrast to economists’ expectations in a poll for a 0.3% drop
New Zealand house prices lack momentum as buyers sidelined
While they rose for a third straight month in April, the increase was just 0.1% from March: property consultancy
JLL Singapore cuts over 20 jobs or 1% of workforce; Knight Frank Singapore also lays off staff
The latter confirms it is trimming a ‘small number’ of marketing and communications roles
