US firm PPG drops bid to takeover AkzoNobel
THE HAGUE: US coatings firm PPG announced on Thursday it was abandoning its bid to take over its Dutch rival, the world’s leading paintmaker AkzoNobel, in the wake a bitter… Read more »
Category: World
Canada housing agency calls for more new homes to stop rising prices
By: Matt Scuffham TORONTO: Canadians will continue to struggle to afford new homes unless more is done to address supply issues as economic growth and new immigrants ramp up demand… Read more »
New Zealand house prices post slowest growth for 2 years in May: QV
WELLINGTON: New Zealand’s housing marketcooled in May to post the slowest growth in two years,government property valuer QV said on Thursday. Quotable Value’s (QV) residential property price index rose9.7 %… Read more »
The first-of-its-kind Porsche Design Tower in Miami is all things luxury
MIAMI: Property developer Gil Dezer owns 29 cars. And he plans to admire some of them from his couch in a swank Miami high-rise building, with the ocean in the… Read more »
Hong Kong commercial land sold at record price
By: Venus Wu HONG KONG: Hong Kong real estate company Nan Fung Development Limited set a lump sum land sales record on Wednesday by buying a commercial plot for HK$24.6… Read more »
Australia house prices go into reverse as regulatory curbs bite
By: Swati Pandey SYDNEY: Houses prices in Australia’s capital cities slipped for the first time in 1-1/2 years in May as demand appeared to cool off in Sydney and Melbourne,… Read more »
US home prices rising 2 times faster than wages
WASHINGTON: U.S. home prices climbed in March at the strongest rate in nearly three year as a dwindling supply of houses for sale is causing prices to significantly outpace income… Read more »
Australia housing construction boom shows signs of slowing down
By: Swati Pandey SYDNEY: Australia is witnessing a cooling off in its biggest-ever home-building boom as approvals for new projects sank 17.2 percent in April, a turnaround that could undermine… Read more »
Australia’s biggest state hikes taxes for foreign property buyers
SYDNEY: Australia’s most populous statewill double property taxes for foreign buyers, the New SouthWales treasurer said on Thursday, a move aimed squarely at Chinese investors as well as appeasing voters… Read more »
Hong Kong property cooling moves set to fail as shadow lenders fill the gap
By: Sumeet Chatterjee | Venus Wu HONG KONG: Hong Kong’s latest attempt at cooling home prices in one of the world’s most expensive property markets is expected to send buyers… Read more »