Havana property boom only for Cubans, for now
Havana
A FEW hours and a mojito or two after arriving in this 500-year-old city, with its ocean vistas and dazzling architecture, American visitors often ask: Can I buy a piece of this?
They cannot. The Cuban government doesn't allow it. The US government doesn't allow it. Not yet, at least.
But with the two countries moving to restore diplomatic relations and end decades of estrangement, it is not difficult to imagine a day when pent-up global market forces will wash over this city's sagging buildings and mansions in distress. Cubans are already angling to get ahead of the flood.
Three years after Raul Castro cast aside decades of communist housing dogma and allowed homeowners to buy and sell their properties for the first tim…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore Q1 industrial rents rise further 1.7%, as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction