Real estate
China might have to resort to a tried using-and-analyzed tactic to electrical power its 'new leap ahead'
A Chinese flag flies higher more than The Bund. Liu Liqun | Corbis Documentary | Getty Pictures China needs to unleash a “new leap forward” with “new productive forces” — but President Xi Jinping could need to resort to an old tactic to strike the country’s bold progress target this year, just one economist warns. […]
Read More
Tour this $24 million mansion in Delray Beach, Florida, where home prices have doubled
The owners of this Florida mansion are asking for $24 million for their almost 11,500 square-foot residence inside one of the most expensive gated communities in Delray Beach, Florida. The price tag puts the home, known as Villa Ananda, at a price per square foot of almost $2,100, which is well beyond record-breaking territory for […]
Read More
Deutsche Lender to file liquidation suit from Chinese developer Shimao, Reuters stories
Deutsche Bank is planning a liquidation lawsuit in Hong Kong from Chinese developer Shimao Team, two resources said, in a unusual go by a international organization that comes amid soaring credit score defaults and China’s deepening home sector disaster. Bloomberg | Bloomberg | Getty Photographs Deutsche Bank is planning a liquidation lawsuit in Hong Kong against Chinese developer Shimao Group, two sources said, in a unusual move […]
Read More
Evergrande chairman's second seized Hong Kong mansion put up for sale
China Evergrande Centre indication noticed on the entrance of their developing. A 2nd mansion in Hong Kong that once belonged to China Evergrande Group’s chairman has been set up for sale by its receivers, in accordance to assets agent Savills. Sopa Photos | Lightrocket | Getty Illustrations or photos A second mansion in Hong Kong that once belonged to China Evergrande Group’s chairman has been put up for sale by […]
Read More
Britain to direct 2024 European serious estate boom as global buyers eye opportunities, investigate suggests
Aerial perspective of the roof gardens at Gasholder Park in Kings Cross, London. Richard Newstead | Moment | Getty Visuals The U.K. seems to be poised to guide a European real estate resurgence this yr as worldwide investors return funds to the region’s strained house market place. An anticipated fall in interest prices and modest […]
Read More
How China's house bubble burst
China’s best genuine estate developers, Evergrande and State Garden, have defaulted on their debts. But the problems in China’s assets marketplace have much further roots. Determined home developers in China have resorted to presents like new vehicles, no cost parking areas, telephones and other customer merchandise to attract homebuyers and enhance flagging income. These incentives […]
Read More
Hong Kong property shares soar right after city scraps cooling steps
An urban see of substantial-rise structures at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Photos Shares of Hong Kong developers rose immediately after Economical Secretary Paul Chan scrapped property cooling actions in a bid to bolster the sector, which has been weighed down by significant borrowing prices and weak […]
Read More
The hottest housing markets for the super rich in 2024
The Port of Fontvieille Harbor in the Principality of Monaco. Education Images | Universal Images Group | Getty Images The ultrawealthy are looking for a better lifestyle and strong investment when it comes to buying their next home, according to a new study. One-quarter of American ultra-high-net individuals, or those worth $30 million or more, […]
Read More
Hong Kong GDP to mature 2.5%-3.5% in 2024, scraps home tightening actions
People cross an intersection in the Central small business district of Hong Kong on Feb. 27, 2024. Peter Parks | AFP | Getty Photographs Hong Kong’s economic system is envisioned to develop 2.5%-3.5% this calendar year, Economic Secretary Paul Chan reported on Wednesday as he introduced actions to bolster a flagging property sector and support […]
Read More
Here are this year's most competitive rental markets
Apartments are seen undergoing construction on February 28, 2023 in Austin, Texas. Brandon Bell | Getty Images The apartment market is finally loosening up. At the same time, competition is heating up in some key markets. There is an enormous supply of new apartments coming online this year. And rents have fallen for six straight […]
Read More