Hong Kong Property Deals Hit Three-Year High in April
Real estate transactions registered in Hong Kong nearly doubled in April, hitting a three-year high, just months after the government took steps to revive the market.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Real estate transactions registered in Hong Kong nearly doubled in April, hitting a three-year high, just months after the government took steps to revive the market.
It was a move that rattled the commercial mortgage-backed securities market: the firm brought in to wind down a deal tied to an ill-fated apartment venture held onto more than $160 million that bondholders were expecting to get back.
Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
Todd Boehly’s Eldridge Industries formed a venture with AECOM Capital executives to bet on US commercial real estate.
The Federal Reserve’s slowed path toward cutting interest rates offers an extended chance to lock in attractive yields for longer and investors should “right-size” their allocation to bonds over stocks, according to Vanguard Group Inc.
Apr 4, 2024
Bloomberg News
,Prime Minister Justin Trudeau’s government is creating a $1.5 billion (US$1.1 billion) program to help Canadian nonprofit organizations buy affordable apartment buildings and keep the rents down.
It’s the latest in a series of pre-budget announcements focused on housing and affordability, as Trudeau tries to ease Canada’s severe housing crunch — and turn around his own sagging poll numbers.
The fund announced Thursday will provide $1 billion in loans and $470 million in grants to nonprofit groups for acquiring existing rental properties.
“Instead of that apartment being sold to a speculator or profiteer, it can go to nonprofit organizations, community housing providers and the middle class,” said Trudeau’s office in a news release. “It’ll mean Canadians can live in the communities they love, with rent prices they can afford.”
This follows Wednesday’s announcement of a $15 billion top-up to an apartment construction loan program. The $55 billion program aims to finance the construction of more than 131,000 new apartments within the next decade.
Earlier in the week, Trudeau outlined a $6 billion infrastructure fund that provinces and municipalities can access — but only if they remove certain barriers to homebuilding, such as freezing municipal development charges and allowing up to four units on every lot.
The budget is set to be published April 16.