China’s home prices grew at the fastest pace in nine months in May as buyers competed for dwindling properties, even as authorities introduced more targeted curbs on the market.
Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
Blackstone Group Inc. offered to take over office developer Soho China Ltd. for as much as HK$23.7 billion ($3.05 billion), its biggest bet yet on the real estate market in Asia’s largest economy.
U.S. housing starts rose slightly in May and applications to build dropped to a seven-month low, suggesting the pace of residential construction may be moderating after a recent run-up in building-materials costs.
NorthWest Healthcare Properties Real Estate Investment Trust is raising its hostile takeover offer for Australian Unity Healthcare Property Trust.
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