Businesstimes.com.sg [2022]

Last Update: April 3, 2022

Scammers hit real estate sector by passing off as agents

According to Huttons, the scammers claimed that they were real estate agents by using fake Council for Estate Agencies (CEA) identity cards, and then uploaded fake listings on alternative platforms. When contacted by a prospective tenant, the scammer would ask for a deposit even before any property viewings were conducted. Upon receipt of the

Actived: 4 days ago

URL: https://www.businesstimes.com.sg/real-estate/scammers-hit-real-estate-sector-by-passing-off-as-agents-on-platforms

Asian outbound real estate investment mostly from

(2 days ago) CAPITAL from Singapore accounted for the majority of Asia’s US$54.6 billion in outbound commercial real estate investment in 2021, a CBRE report says. Outbound flows from Asia rebounded from 2020, surging 69 per cent year on year to that amount, exceeding pre-pandemic volumes.

Category:  Real estate Go Now

Real estate tokenisation

(1 days ago) REAL estate tokenisation is a trend that's been gaining traction as it lowers the barriers to entry for investors, while providing access to real estate assets they may not ordinarily get exposure to. Read more at The Business Times.

Category:  Real estate Go Now

Rising mortgage rates won't be enough to end US …

(4 days ago) Sun, Mar 20, 2022 - 8:00 AM. [NEW YORK] Rising mortgage rates are already pricing out first-time homebuyers, but it's not enough to extinguish the US real estate frenzy. US mortgage rates crossed 4 per cent this week for the first time in nearly 3 years, a rapid ascent that has taken some industry experts by surprise.

Category:  Real estate,  Mortgage rates,  New york Go Now

Buyout boom drives record European corporate real …

(9 days ago) A RECORD wave of mergers and acquisitions helped drive a boom in European corporate real estate sales in 2021 as private equity firms cashed in on property portfolios of companies they acquired. Businesses sold a record 29 billion euros (S$43.3 billion) of real estate in 2021, according to data compiled by broker Jones Lang LaSalle.

Category:  Real estate Go Now

Singapore property Latest News

(Just Now) Scammers hit real estate sector by passing off as agents on platforms. SGD 3.99 Buy now. 05:50 AM. Mar 14, 2022 05:50 AM. Mar 14, 2022 04:00 PM. Global Enterprise.

Category:  Real estate Go Now

Trudeau's power pact targets housing costs, Real Estate

(6 days ago) UPDATED Thu, Mar 24, 2022 - 5:50 AM. Ottawa. CANADIAN Pime Minister Justin Trudeau's power-sharing deal with an opposition party promises to tackle the soaring cost of housing in Canada and may target real estate investment trusts that own homes. The agreement between Trudeau's governing Liberals and the New Democratic Party says the government

Category:  Real estate Go Now

Buyout boom drives record European corporate real …

(7 days ago) Buyout boom drives record European corporate real estate sales. Thu, Mar 24, 2022 - 10:37 AM. [LONDON] A record wave of mergers and acquisitions helped drive a boom in European corporate real estate sales in 2021 as private equity firms cashed in on property portfolios of companies they acquired. Businesses sold a record 29 billion euros (S$43

Category:  Real estate Go Now

Britain's hottest real estate spot is a town on Devon

(3 days ago) Britain's hottest real estate spot is a town on Devon coast. Fri, Mar 11, 2022 - 5:50 AM. UPDATED Fri, Mar 11, 2022 - 5:50 AM . London. A FISHING town in south-west England is the hottest property location in the country when it comes to asking prices.

Category:  Real estate Go Now

Covid-hit property loans redefaulting: Moody's study, …

(5 days ago) Sun, Apr 03, 2022 - 5:52 PM. [NEW YORK] Troubled real estate loans for the likes of hotels and offices that saw payments get back on track after the 2020 crash are redefaulting - signalling more pain for commercial mortgage-bond investors. At least 13 loans that went 60 or more days delinquent by August 2020 had resumed timely payments at some

Category:  Real estate,  New york Go Now

US new home sales fell but supply crunch eases in February

(3 days ago) The US real estate market boomed during the Covid-19 pandemic thanks to the Federal Reserve's easy money policies and the disruptions to daily life caused by the coronavirus. However, the boom started to fade as available properties grew scarce and prices surged, and now is being hit by the Fed's interest rate hikes aimed at lowering inflation

Category:  Real estate Go Now

US pending home sales post fourth straight monthly decline

(5 days ago) Real Estate Private home prices grow at slower pace in Q1 after cooling measures; Q2 could remain relatively subdued SPH Reit posts Q2 DPU of S$0.0144; H1 distributable income up 8.4%

Category:  Real estate Go Now

Historic National Aerated Water Building on sale for S$18

(3 days ago) Real Estate. Reebonz Building put on the market for undisclosed sum. Brokers' take: DBS initiates GuocoLand with 'buy' on strength in property development. Chip Eng Seng unit to acquire minority interest in a Shenton Way property for S$2.1m. Evergrande agrees to pay offshore creditor group fees: sources.

Category:  Real estate Go Now

Britain’s hottest real estate spot is a town on the Devon

(6 days ago) Britain’s hottest real estate spot is a town on the Devon coast. [LONDON] A fishing town in south-west England is the hottest property location in the country when it comes to asking prices. Brixham in Devon, more than 4 hours west of London by car, saw the price of homes coming to market surge by 25 per cent in the year through February

Category:  Real estate Go Now

China broadens real estate lending support to bigger

(4 days ago) China broadens real estate lending support to bigger cities. Tue, Feb 22, 2022 - 6:42 PM. The Shanghai branch of China's central bank urged commercial banks to accelerate real-estate loans and ensure growth in both residential mortgages and loans to developers over the next few months. PHOTO: REUTERS.

Category:  Real estate Go Now

China's March new home prices up marginally: private

(4 days ago) Real estate market woes in small cities have not improved. Prices in tier-three and tier-four cities dropped 0.02 per cent month on month, after a 0.01 per cent fall in February. New home prices in tier-one cities including Shanghai, which has been fighting a major Covid outbreak since March, rose 0.03 per cent, slowing from February's 0.17 per

Category:  Real estate Go Now

Singapore capital dominates Asian outbound real estate

(8 days ago) CAPITAL from Singapore accounted for the majority of Asia's US$54.6 billion in outbound commercial real estate investment in 2021, a CBRE report says. Outbound flows from Asia rebounded from 2020, surging 69 per cent year on year to …

Category:  Real estate Go Now

UBS sells Japan real-estate venture to KKR for 230 billion

(7 days ago) UBS Group is exiting its involvement in a Japanese real-estate venture partly held with Mitsubishi, with private-equity firm KKR & Co taking control of the enterprise in a deal valued at 230 billion yen (S$2.6 billion). Mitsubishi said on Thursday (Mar 17) that it was selling its 51 per cent stake in the venture with UBS Asset Management to KKR

Category:  Real estate Go Now

Chinese developer Oceanwide is exiting NYC, Hawaii to

(9 days ago) The property was put up for sale in October by real estate brokerage Colliers. Oceanwide reported impairments totalling US$90.5 million in 2021 on development sites in Oahu, Hawaii, in which it had invested US$653.3 million. It reached deals to sell a parcel for US$92.9 million this month and a separate property for US$23.3 million in December

Category:  Real estate Go Now

Los Angeles counts its growing homeless population, Real

(5 days ago) In California that problem is exacerbated by skyrocketing real estate prices that have pushed the average purchase price of a home to around US$700,000 - twice the national figure. Before the pandemic, experts calculated that a person earning minimum wage would have to work 80 hours a week just to afford the rent on a one-bedroom apartment in

Category:  Real estate,  California Go Now

Hong Kong's tycoons spend billions on Chinese property

(7 days ago) Mon, Mar 28, 2022 - 7:05 AM. [HONG KONG] Hong Kong's property tycoons are swooping in on a rare opportunity to cherry-pick prime land and projects in mainland China as their counterparts there battle a credit crisis. The financial hub's real estate developers are stepping up investments in the mainland, where a government squeeze on leverage

Category:  Real estate Go Now

Evergrande agrees to pay offshore creditor group fees

(6 days ago) Evergrande is the world's most indebted real estate company, with about US$300 billion of liabilities. [NEW YORK] China Evergrande Group agreed to pay the adviser fees of a bondholder group working with the cash-starved property developer to restructure debt, and to share more information with the creditors, according to people with knowledge

Category:  Real estate,  New york Go Now

GLP-backed IndoSpace weighing US$700m Singapore IPO, Real

(5 days ago) The developer, which is backed by logistics real estate investor GLP, is working with advisers on the planned first-time share sale, said the people, who asked not to be identified as the process is private. A listing in the city-state could take place as soon as the end of this year, the people said.

Category:  Real estate Go Now

China eases property loan curbs as housing market slumps

(1 days ago) PHOTO: BLOOMBERG. [BEIJING] China eased a year-long cap on loans for the real estate sector to fund public rental housing, the latest bid by authorities to tackle a slumping property market. Bank loans to fund low-cost rental projects will no longer be subject to regulatory curbs, the People's Bank of China said in a statement on Tuesday (Feb 8).

Category:  Real estate Go Now

PropertyGuru grows FY2021 revenue by 22.7% to S$100.7m

(5 days ago) SINGAPORE-based real estate firm PropertyGuru Group posted a 22.7 per cent increase in its total revenue to S$100.7 million for FY2021, up from S$82.1 million in the year-ago period. Read more at The Business Times.

Category:  Real estate Go Now

Philippine's Villar eyes US$176m IPO for real estate Reit

(Just Now) [MANILA] Manuel Villar, the Philippines' richest person, is seeking to raise up to 9.18 billion peso (S$239 million) in the maiden share sale of a real estate investment trust that comprises some of his Vista Land & Lifescapes offices and shopping malls. Read more at The Business Times.

Category:  Real estate,  Villa Go Now

Dubai to close shutters on lavish world fair, Real Estate

(9 days ago) Home > Real Estate. Dubai to close shutters on lavish world fair. Thu, Mar 31, 2022 - 8:20 PM. UPDATED Thu, Mar 31, 2022 - 8:22 PM . Dubai will bid farewell to its extravagant Expo 2020 world fair on Thursday (Mar 31), leaving a multi-billion dollar mini-city in the desert and heightened expectations for future hosts.

Category:  Real estate Go Now

Finding repose in New York City's hidden spaces, Real

(1 days ago) POMANDER Walk is a century-old gem hidden among the high-rises of the Upper West Side. The English-style alleyway, modelled in the manner of cobbled London streets flanked with timber-framed homes, is gated and private.

Category:  Real estate Go Now

China shadow banks snap up property to rescue own

(6 days ago) The moves free up cash to help real estate firms tackle some of their US$3.4 trillion in liabilities. The shadow banks are doing these deals now, knowing creditors may have limited room to negotiate payments or deals with developers like China Evergrande Group once restructuring plans are announced, according to one trust executive.

Category:  Real estate Go Now

Residential assets grab spotlight in private-equity real

(7 days ago) INVESTOR interest is heating up in the private equity residential real estate markets, as these assets will likely remain a calculated hedge against inflation and pandemic-related volatility, several industry participants said at a panel discussion this week.

Category:  Real estate Go Now

China developers to miss earnings deadlines, Real Estate

(8 days ago) Real Estate. JTC launches reserve list site at Jalan Papan for application. Portfolio of 18 strata units at Orchard Shopping Centre for sale at S$90m indicative price. Yanlord pauses construction on Shanghai projects; property management staff on frontline.

Category:  Real estate Go Now

Portfolio of 18 strata units at Orchard Shopping Centre

(8 days ago) Lee added: "We expect strong interest from both local and foreign family offices, high net worth individuals, companies and boutique real estate funds." CBRE said foreigners are eligible to purchase the units with no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) imposed on the commercial property transaction.

Category:  Real estate Go Now

New York's plummeting real estate sales cost city US$1.2b

(9 days ago) Sat, Dec 19, 2020 - 5:50 AM. New York. THE novel coronavirus pandemic's slowdown in real estate deals has cost New York City a whopping US$1.2 billion in lost revenue so far this year. Sales of commercial and residential properties - everything from office buildings to hotels and condo units - are down 49 per cent this year through November

Category:  Real estate,  New york Go Now

Investors cheer China's pledge to support bruised property

(1 days ago) The real estate sector, a key driver of growth, has struggled for months as Beijing's campaign to reduce high debt levels triggered a liquidity crisis among some major developers, resulting in bond defaults and shelved projects.

Category:  Real estate Go Now

HK tycoons spend billions on Chinese property bargains

(9 days ago) The financial hub's real estate developers are stepping up investments in the mainland, where a government squeeze on leverage and credit-market turmoil have triggered a record wave of defaults, limiting the ability of local builders to buy new land.

Category:  Real estate Go Now

New York office rents hit new highs on

(6 days ago) The expected return on investment is low as both US and foreign investors place a premium on New York real estate, the firm said. The non-seasonally adjusted unemployment rate for New York City fell to 4.8 per cent in February from 5.6 per cent a year ago, the New York state Labor Department said last week, citing preliminary data.

Category:  Real estate,  New york Go Now

Mortgage lender Better.com announces more layoffs, Real

(3 days ago) Real Estate. Most UK homeowners would give up gains to ease property market. UK house prices post biggest jump since 2004: Nationwide. Property developer China Vanke expects 2022 profit to stabilise. Australia's soaring property prices drive wealth to record high.

Category:  Real estate Go Now

New York to get tough on buildings

(1 days ago) But New York City's move - opposed by real estate industry executives in part because of the associated costs to meet the new targets - may be unprecedented, according to John Mandyck, chief executive of the Urban Green Council, an umbrella group that includes real estate developers and environmental groups, among others.

Category:  Real estate,  New york Go Now