US consumers favour homebuying over renting for first time since 2023

Prospective buyers appear less willing to wait for conditions to improve, with Gen Z and millennials leading the change in attitudes

Rising inflation and interest rates shot to top of mind for property players, with 80% citing them as concerns in Q1 – up sharply from 11.8% in Q4.

Singapore real estate execs turn pessimistic in Q1 as inflation fears mount: NUS poll

Residential sector is a rare bright spot as sentiment towards commercial real estate weakens

Apartment prices in Seoul have risen for 72 consecutive weeks as of mid-June, defying a series of government measures aimed at cooling the market.

South Korea’s policy chief flags property risks from chip windfall

The resulting income gain may eventually support luxury spending and property demand

The decision to hand Sindalah to John Pagano (above) reflects his standing as one of the more proven executives in the kingdom’s sprawling sovereign wealth fund ecosystem.

Red Sea Global aims to bring troubled Saudi luxury island ‘back to life’

The multibillion-US dollar Sindalah development has never opened to the public despite a VIP launch party in 2024

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With private homes largely bought for owner-occupation, might a future shortage of rental homes loom?
THE LEVEL GROUND

Meet rental demand by letting developers keep ownership of some condo units without hefty penalties

With the ABSD regime curbing investment demand, fewer private homes may be available for lease in future 

The spring home-selling season is drawing to a close after a turbulent period for borrowing costs, which shot up following the outbreak of Iran war.

US mortgage rates fall to lowest in month as Middle East tensions ease

The average for a 30-year fixed loan drops to 6.47% from 6.52% a week earlier, Freddie Mac says

“Housing-access problems are progressively reducing the homeownership rate and contributing to lower rates of residential independence among young people,” according to a Bank of Spain report.

Spain lacks 750,000 homes, with hot spots from Madrid to the Mediterranean coast

Shortage of supply and rising demand are pushing prices higher and making housing less affordable

Pimco's strategy coincides with a rise in regulations across major economies requiring landlords to limit the environmental footprint of their buildings.

Pimco targets out-of-date assets in new real estate strategy

The firm will buy and retrofit older buildings into greener, more appealing properties

The River Valley Green (Parcel C) site is expected to yield 470 homes.
SINGAPORE PROPERTY

Sunway MCL, CSC make bold bet on River Valley site with S$1,730 psf ppr bid at S$750.6 million

Top bid for River Valley Green plot marks new high for land in the area, and is about 22% above price of the last site sold nearby

Orchid Hotel is on levels three to 20 of the 20-storey building at 1 Tras Link.
SINGAPORE PROPERTY

Orchid Hotel in Tanjong Pagar sold for about S$273 million

The buyer is a JV between a local developer and Westmont Hospitality; hotel is expected to be rebranded