Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

Juul Labs Inc. is reducing its presence in its home city of San Francisco, as the embattled e-cigarette maker’s new management continues a far-reaching review of its operations.

Even for London’s ultra-luxury real estate market, the price is sensational: more than $262 million for a 45-room mansion in Knightsbridge.

Hot cities need to get serious about allowing more construction.

Sales of previously owned U.S. homes jumped in December to the best pace in nearly two years as historically low interest rates continued to lure buyers despite record-low inventory.

The government missed an opportunity to modify mortgages during the housing crisis. It shouldn’t repeat its mistake. 

The Bank of Canada held interest rates steady at a meeting Wednesday but expressed heightened concern about an economy that has slowed more than expected, suggesting officials are becoming less confident in a year-long holding pattern.

Now is the time to buy property in Dubai, the chairman of one of the city’s biggest developers said, months after warning the Middle East business hub faces a “disaster” on oversupply.

Berkeley’s Tony Pidgley has missed out on 80 million pounds of paper gains by selling shares. But he may be right to take some money off the table.

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