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.
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.
Real estate brokerage stocks tumbled Thursday on waning expectations for Federal Reserve interest-rate cuts, and as a disappointing earnings release raised concern about the sector’s outlook.
Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
Apr 6, 2020
Bloomberg News
,(Bloomberg) -- Tabreed has the “firepower” to do more acquisitions after the Abu Dhabi-based district cooling provider expanded into Dubai with a $675 million deal, according to its chairman.
“We’re focusing on existing projects and we’re looking at acquiring some of the existing schemes,” Khaled Al Qubaisi said in an interview. “We still have enough firepower to do a few more in the coming few years.”
Tabreed, whose biggest shareholder is French utility Engie SA, bought an 80% stake in a Dubai district cooling facility from Emaar Properties PJSC as it seeks to expand in the Middle East’s business hub. The shares of Tabreed and Emaar climbed more than 5% in Dubai on Monday.
With the acquisition, Tabreed will provide district cooling to developments including the Burj Khalifa and Dubai Mall -- the world’s tallest tower and shopping mall, respectively. The company also signed a $692 million credit facility, arranged by HSBC Bank Middle East Ltd., to fund the transaction.
Al Qubaisi also said:
(Updates with chairman interview.)
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