Singapore Home Price Growth Slows, Rents Decline as Market Cools
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
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Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Jun 12, 2017
The Canadian Press
Toronto's mayor says proposed new rules for the city's short-term rental market, including properties listed on Airbnb, would help strike a balance between the need for such accommodations and the disruptions they can cause to local neighbourhoods.
John Tory is defending a report released by the city's Municipal Licensing and Standards department which lays out a number of proposals for individuals and companies who offer short-term rentals.
One proposed change would ban people from renting out homes that are not their primary residences.
Tory says such a move would help stabilize neighbourhoods by limiting the number of people staying there temporarily, while also potentially putting housing units back on the market for longer-term tenants.
Other recommendations include licensing short-term rental companies such as Airbnb, creating a registry for people who operate short-term rentals, and changing zoning bylaws to create a new land use classification for short-term rentals.
City council must vote on the recommendations, and Tory says the proposed rules are still open to public consultation and feedback.