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.
Mar 8, 2018
Reuters
,OTTAWA - Canadian new home prices were unchanged for the second month in a row in January, in part due to weakness in Toronto, the country's single largest market, Statistics Canada said on Thursday.
Analysts in a Reuters poll had expected prices to rise by 0.1 per cent from December. January marked the first time in exactly three years that home prices have stayed flat for two consecutive months.
In Toronto, which represents 27.9 per cent of the overall market in Canada, prices slipped by 0.1 per cent, the first decline since July 2014.
Last April the Ontario provincial government announced measures to cool the market in the city and surrounding areas. Statscan said higher mortgage rates may also have helped moderate prices nationally.
In Vancouver, another hot market where authorities have intervened, prices were flat.
The new housing price index excludes apartments and condominiums, which the government says are a particular cause for concern over overheated prices and which account for one-third of new housing.