Hong Kong Home Prices Rise for First Time in 11 Months After Curbs Scrapped
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.
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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.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
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 3, 2022
The Canadian Press
Choice Properties Real Estate Investment Trust will acquire a 75 per cent ownership interest in 154 acres of industrial land in the Greater Toronto Area.
Choice Properties intends to turn the East Gwillimbury land it acquired a stake in by exercising an equity conversion right from Rice Group into an industrial park with 167,225 square metres of logistics space.
Loblaw Companies Limited will use more than 111,483 square metres to build an automated distribution facility it says will add capacity and new capabilities for the retailer.
The grocery giant expects the facility at the corner of Highway 404 and Green Lane East to be in operation by the first quarter of 2024.
The first phase of development includes a 100-acre land lease agreement Choice Properties and Loblaw entered into.
Choice Properties and Rice Group's total initial cost of the project is about $170 million, including land and site preparation, which they estimate will take 15 months.