South Korea tightens rules on housing market
By: Cynthia Kim SEOUL: South Korea said it will tighten loan limits for home buyers to 60 percent of property value from the current 70 percent in regions showing signs… Read more »
Category: World
China’s month-on-month home price growth remains robust in May
By: Yawen Chen | Ryan Woo BEIJING: Home prices levelled off in China’s biggest cities in May but continued to climb nationwide, indicating demand remains resilient despite a series of… Read more »
US housing starts drop for third straight month
WASHINGTON: Homebuilders slowed down the pace of construction for the third straight month in May, a possible sign that the shortage of houses for sale might worsen. The Commerce Department… Read more »
Looming rate hikes seen dousing Canadian consumers, housing market
By: Andrea Hopkins OTTAWA: Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation’s long housing boom,… Read more »
Australia risks housing correction with foreign buyer tax hike
By: Jonathan Barrett | Tom Westbrook SYDNEY: Soon after Australia’s New SouthWales state announced it was doubling the tax for foreigner homebuyers earlier this month, calls started flooding into Sydney-based… Read more »
Home buyers face squeeze as Shanghai curbs office-to-flats market
By: Clare Jim | Elias Glenn HONG KONG/BEIJING: A crackdown in Shanghai on commercial office projects converted into residential apartments will squeeze speculators, but could also hurt bona fide homebuyers… Read more »
India, South Korea sign $10 billion funding agreement for infra projects
SEOUL: India and South Korea have signed agreement for $10 billion assistance for infrastructure development projects in India, including smart cities. The two countries signed agreements to establish $9 billion in… Read more »
Irish house prices not overvalued despite strong rises: Central Bank
By: Padraic Halpin DUBLIN: Houses prices in Ireland are not currently overvalued despite quite strong rises in the market,the head of financial stability at the Irish central bank said on… Read more »
Shanghai housing authority tweaks property policy following protest
By: Yawen Chen | Elias Glenn | JohnRuwitch BEIJING: The housing authority in the Chinese city of Shanghai on Monday appeared to alter a property policy following protests over the… Read more »
Chinese architect plans “garden city” in new economic zone
BEIJING: The chief architect of China’s latest special economic zone said he expects to submit to the government by the end of this month a detailed proposal including plans for… Read more »