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China’s new GDP figures may restore faith in its economy

After recent encouraging figures, doubts about this year’s recovery should, happily, go into recession.

More detailed, monthly figures clarified the shape of the recovery. (Reuters)
Published on Apr 19, 2023 10:33 PM IST
The Economist

Bengaluru sees spike in housing prices, rentals; sales drop: Knight Frank

Karnataka capital Bengaluru, one of the most expensive real estate markets in India, saw a surge in housing prices and rentals but suffered a hit in sales.

Bengaluru was one of the three cities that saw the highest spike in rentals along with Hyderabad and Chennai. (HT file/For representation)
Published on Apr 05, 2023 12:40 PM IST

Magicbricks launches AI-based market scanner to help builders, brokers in sales

Magicbricks said it has launched AI-powered marketing solution tool 'Project Market Scanner (PMS)' for developers and real estate agents. The tool matches buyers with the right properties in real-time.

The PMS tool will help developers access relevant and high intent homebuyers by using sophisticated algorithms and data analytics.(File)
Published on Mar 13, 2023 01:18 PM IST

London sees skyrocketing rent, landlords demand up to 3 lakh: Report

Citing the imbalance between the people looking to rent and available properties, the rents across Britain could rise a further by 5 per cent this year.

Last year, it was the second-highest annual rent growth ever with average rents for newly listed properties up 9.7per cent outside London.(Reuters File)
Published on Jan 28, 2023 05:30 PM IST

China developer seeks to assure investors after missed trust payments

SCE Group’s Xiamen Zhongjun Industrial Co. and Shimao’s Shanghai Shimao Jianshe Co., both guarantors of the trust product, had their bank accounts frozen by a court after Everbright Trust Co. sued them to seize assets, according to documents seen by Bloomberg earlier.

Separately, SCE Group said it has repaid two dollar bond coupons totaling $31.8 million due in the past two weeks.(Reuters)
Published on Oct 11, 2022 03:53 PM IST
Bloomberg | | Posted by Yagya Sharma

Home prices in Canada drop again, extending market’s slide

The slump has taken a bite out of Canadians’ wealth, reducing the value of households’ residential real estate holdings by C$419 billion in the second quarter.

The central bank has moved its policy rate from 0.25% to 3.25% since March, and traders and economists are betting it will raise again next month.(Representative image/ AP)
Published on Sep 16, 2022 04:08 PM IST
Bloomberg | | Posted by Yagya Sharma

China rolls out property policies across nation to fix slump

In late August, the state council led by Premier Li Keqiang said local governments should use city-specific credit policies to support necessary housing demand.

China’s $2.4 trillion new-home market has shown little sign of recovery, adding to the woes of an economy that barely expanded in the second quarter.(Representational image/ REUTERS)
Published on Sep 15, 2022 09:58 AM IST
Bloomberg | | Posted by Yagya Sharma

Singapore property is unaffordable, six out of ten people say

The surging prices pose a challenge for the ruling People’s Action Party. Its achievements include the highest public housing rate in the world, with over 80% of the country’s 4 million residents living in government-built homes.

The government introduced curbs last year to cool home prices that surged the most in a decade.(AFP)
Published on Sep 14, 2022 09:26 AM IST
Bloomberg | | Posted by Yagya Sharma

Study: Real estate listings with flood scores shift home-shopper habits

After one week of being exposed to flood-risk data, those who had looked at extremely risky homes before the study were looking at homes with 7% less risk than the control group.

Potential homebuyers who reviewed property listings that included flood risk were less likely to look at and bid on homes in areas with a severe risk of flooding. (Bloomberg)
Published on Sep 12, 2022 06:37 PM IST
Bloomberg | | Posted by Yagya Sharma

Gurugram-based ‘Rise Infra’ expands projects in west, starting with Mumbai

After successive launch of Rise's Delhi office and in a row Mumbai Office, the firm has also set up a target of 3000 Crores gross sales in 2022-23. In FY 2021-22, the company had achieved sales of 1600 Crores from a single operational office in their domain.

RISE Infraventures
Published on Aug 20, 2022 04:07 PM IST

China property crisis: Asia's richest woman's $24 bn net worth plunges by half 

Chinese property ‘Country Garden’ shareholder Yang Huiyan saw her net worth plunge by more than 52 percent to $11.3 billion when the company announced it would sell new shares to raise cash

China's real estate sector rocked by cash crunch leaving property giants struggling to make payments(Bloomberg)
Updated on Jul 28, 2022 12:44 PM IST
AFP | | Posted by Nisha Anand

China April property sales post steepest drop since 2006

Property sales by value in April slumped 46.6% from a year earlier, the biggest drop since August 2006, and sharply widening from the 26.17% fall in March, according to Reuters calculations based on data from the National Bureau of Statistics (NBS) released on Monday.

Representaional image.(REUTERS)
Published on May 16, 2022 12:25 PM IST
Reuters |

Homebuyers want discounts, flexi payment plan to close deal: Survey

The survey revealed that 73 per cent of respondents were of the view that flexible payment plans and discounts would bring them closer to making the purchase decision.

More than 3,000 people were surveyed to gauge consumer sentiments for the first half of the 2022 calendar year, Housing.com said in a statement. (Sakib Ali /HT)
Published on Mar 28, 2022 09:55 PM IST
PTI | , New Delhi

Pakistan announces permanent residency scheme for rich foreign nationals

Information Minister Fawad Chaudhry said that the new scheme was in line with the new National Security Policy, which was formally launched by Prime Minister Imran Khan on Friday.

The government deliberated upon a scheme where foreign citizens could be facilitated in buying properties in Pakistan.(REUTERS)
Published on Jan 15, 2022 02:00 PM IST

Britain's homebuilders set for worst week since first lockdown in 2020

Shares of top homebuilder Barratt Developments Plc and No. 3 player Taylor Wimpey fell around 9% each this week with their discounted share placements spooking investors.

London view from the Elizabeth Tower, commonly known as Big Ben, at the Palace of Westminster.(AFP)
Published on Jan 14, 2022 01:38 PM IST
Reuters |

Shimao puts residential projects on sale as China property woes deepen

Shimao has been reported to put all its projects on sale, as Chinese property developers face mounting pressure.

Shimao unit Shanghai Shimao Construction said on Friday that it was in talks with China Credit Trust to resolve a $101 million defaulted loan payment.(Bloomberg)
Published on Jan 10, 2022 10:33 AM IST
Reuters | , Hong Kong

Registration of Mumbai homes declines 52% in Dec; up 70% in 2021

The registration of homes in full 2021 was the highest in a decade."These strong numbers reflect the confident mood of homebuyers," says Amit Goyal, CEO of India Sotheby's International Realty.

Total registrations in 2021 were higher 70 per cent year-on-year (y-o-y) over 2020 and 45 per cent higher than the pre-pandemic year of 2019
Published on Dec 31, 2021 04:11 PM IST
PTI | , New Delhi

Aiding cool housing market, Singapore imposes property restrictions

Introducing property curbs for the first time since 2018, Singapore attempts at reducing a surge in home prices. 

A view of the public housing apartment estate that interior designer Wan Ismail Bin Wan Nussin lives in, in Singapore.(REUTERS)
Published on Dec 16, 2021 10:02 AM IST
Bloomberg |

DDA seeks simpler process for property rights at unauthorised colonies

Till December 3, the DDA has received 90,700 applications of which approximately 21,000 were rejected as the applicants were found to be ineligible and 11,500 were given ownership documents.

New Delhi, India - Sept. 23, 2021: A view of Jama Masjid, in New Delhi, India, on Thursday, September 23, 2021. (Photo by Sanjeev Verma/ Hindustan Times) (Sanjeev Verma/HT PHOTO)
Published on Dec 13, 2021 12:21 AM IST
ByRisha Chitlangia, Hindustan Times, New Delhi

Kolkata: Registration of homes falls 62% in 2021 but up by 51% since July

The uptick in registration of residential properties coincided with the introduction of stamp duty rebate enforced on July 9 this year. 

Housing complex (Representative image, Sunil Ghosh/HT)
Published on Dec 03, 2021 11:58 AM IST
PTI | , Kolkata

Lockdown dodgers boost Dubai’s realty sector

Luxury villas are the hottest segment in the market, with European buyers in particular seeking homes on Dubai's signature Palm Jumeirah man-made island, as well as golf course estates.

Dubai’s property market, which had been in steady decline since 2014, went into flatline after Covid hit last year. REUTERS/File Photo(Reuters)
Published on May 31, 2021 07:56 AM IST
AFP | , Dubai
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