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.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
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.
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.
Sep 14, 2017
Reuters
OTTAWA - Canadian new home prices rose in July as Vancouver saw strong demand from buyers, while prices in Toronto were unchanged for a second month in a row following provincial measures to rein in the market, data from Statistics Canada showed on Thursday.
Nationally, prices were up 0.4 per cent from June, slightly exceeding economists' forecasts for a gain of 0.3 per cent. Compared to a year ago, prices were up 3.8 per cent.
The new housing price index excludes apartments and condominiums, which have seen strong demand in Vancouver and Toronto recently as potential buyers have been priced out of more expensive single-family homes.
Vancouver led the price growth in July with a 2 per cent monthly increase. A tax on foreign buyers implemented by the provincial government in August 2016 initially cooled the market but prices and sales have been heading back up recently.
Prices in the west coast city have climbed 7.7 per cent since the start of 2017 when a loan program for first-time buyers was introduced by the British Columbia government, the statistics agency said.
In Toronto, Canada's largest city, prices were unchanged on the month, though they were still up 7.4 per cent from a year ago.
Toronto home sales have dropped in the wake of a number of measures taken by the Ontario government in April to cool the market, including a foreign buyers tax.