Browsing " Foreign News "

London housing boom to end next year

By BLOOMBERG LONDON: Home values in London will fall for the first time since 2009 next year on economic uncertainty resulting from the UK’s vote to leave the European Union, according to Countrywide Plc. Price growth for homes in the ...

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Yarra Park completes RM412.1mil Aussie land buy

By THE STAR PETALING JAYA: PJ Development Holdings Bhd’s 75%-owned subsidiary, Yarra Park City Pty Ltd, has completed its A$145mil (RM412.1mil) acquisition of 2.03ha freehold land in Australia from Dynasty Falls Pty Ltd. It also announced that its wholly owned ...

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Stockland lifts guidance on bullish property outlook

By REUTERS SYDNEY: Stockland Corp Ltd, Australia’s biggest residential property developer, nudged up its annual profit guidance on low interest rates and red-hot demand for homes, helping send its shares surging to their highest level in almost seven years. Shares ...

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Farlim kicks off Asean eco-city project in China

Farlim kicks off Asean eco-city project in China

By BERNAMA BEIJING: Property Developer Farlim Group (M) Bhd will spend at least US$15bil (RM53bil) to build the Asean International Eco-City in China’s northwest Shandong province. Chairman and chief executive officer Tan Sri Lim Gait Tong said the 10.5 sq ...

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Spillover effect from Kaisa’s loan low, says S&P director

By THE STAR PETALING JAYA: The likelihood of a spillover and contagion effect from China-based property developer Kaisa Group’s loan default is low and likely to be contained to the company, said Standard & Poor’s Ratings Services director of corporate ...

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Portugal property market continues to lure foreigners

By AFP LISBON: Portugal’s property market continues to expand at double digit rates thanks to foreign buyers, including China’s new wealthy, despite a corruption scandal over visas used to lure in rich non-Europeans. More than one in five residences sold ...

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The long view in Australia

By THE STAR AUSTRALIA’s property market is a platform for long-term wealth-building strategy, according to Melbourne-based property investment and finance solutions specialist ResCom Group. Co-founder and managing director Leonard Ng says investors should view the fundamentals of Australia being a ...

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Good sales for M’sia-S’pore joint venture in Lion City

By THE STAR SINGAPORE: Two ongoing mixed development projects jointly undertaken by M+S Pte Ltd in the republic have received overwhelming response. Chairman Tan Sri Azman Yahya said Marina One and DUO Residences were 87% and 94% sold respectively since ...

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Strong property sales boost slowing economies

By THE STAR AUSTRALIAN home sales hitting a record high and stronger-than-seasonal property transactions in China are just the shot in the arm that these slowing economies need. Figures from the Australian Bureau of Statistics showed approvals jumped 7.5% in ...

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