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.
Jul 13, 2017
Reuters
,OTTAWA - New housing prices in Canada climbed more than expected in May as prices continued to rise in the hot markets of Toronto and Vancouver, with the the latter showing the biggest price increase in 10 years, Statistics Canada said on Thursday.
National prices rose 0.7 per cent, topping economists' forecasts for a 0.3 per cent increase. The new housing price index excludes apartments and condominiums.
The data came the day after the Bank of Canada raised interest rates for the first time in nearly seven years, which will make borrowing costs more expensive for consumers. Some have blamed years of low interest rates for fueling Canada's long housing boom.
Home prices in Toronto, Canada's largest city, jumped 1.1 per cent as builders cited a shortage of developed land and higher construction costs, as well as market conditions.
Still, that marked a modest slowdown from April's 2.1 per cent increase. A foreign buyers tax and other measures that the Ontario government implemented in late April to rein in the Toronto housing market have weighed on sales in recent months.
In Vancouver, where the provincial government put its own foreign buyers tax in place last summer, prices rose 2.2 per cent, the largest increase since May 2007.