Housing

THE LEVEL GROUND

Should developers build more one-bedroom condo units?

Affordability, leasing demand and an ageing population support having more of such housing

The revisions follow a review by the government given growing concerns over rising prices and "flipping" of ECs for substantial gains on resale.

New EC rules to cool prices: MOP doubled to curb flipping, no more deferred payments and more units for first-timers

Land bids, new launch sales expected to slow with first-timer priority raised to 90% of units, extended to 2 years

The improvement in real estate seen in 2025 on the back of a benign outlook for borrowing costs has been upended by the Iran war.

Billionaire Duke of Westminster to sell £700 million of US real estate assets

Agents are being appointed to market those assets on a case-by-case basis

Housing construction, which has subtracted from economic growth in each of the last five quarters, risks staying limited in the months ahead as builders focus on reducing inventory.

US new-home sales increase in March to fastest pace of year

At the same time, mortgage rates have climbed from a recent low at the end of February

Very few condos or co-ops in New York City have an assessed value exceeding or even approaching US$5 million.

Can a second home tax work in New York? The numbers don’t add up yet

The tax proposal is being held up as a generational attempt to make the ultrawealthy pay more to society

Returning five years after his departure from Hmlet, Yoan Kamalski wants to do things differently.

‘No more WeWork-style growth’: Hmlet CEO Yoan Kamalski on his comeback and lessons learnt

‘Unfinished desires’ fuel his return and the pivot to sustainable growth under Mitsubishi Estate

The plan is part of Meloni’s attempt to boost her political standing and alleviate high prices making life unaffordable for many Italians.

Italy’s Meloni backs housing access plan as election nears

It includes the refurbishment of existing social housing and steps to halve notary fees

FILE PHOTO: A drone view shows construction work taking place on new homes at Whitstable Heights a new housing development, as the UK government aims to build 1.5 million new homes, in Whitstable, Britain, September 11, 2024. REUTERS/Chris J. Ratcliffe/File Photo

UK house prices rise in April despite Iran war headwinds: Nationwide

They go up 0.4% after a 0.9% increase in March, in contrast to economists’ expectations in a poll for a 0.3% drop

The prospect that the Reserve Bank of New Zealand (above) may raise its Official Cash Rate to counter emerging inflation pressures adds to signs that house prices may remain relatively flat throughout 2026.

New Zealand house prices lack momentum as buyers sidelined

While they rose for a third straight month in April, the increase was just 0.1% from March: property consultancy

Purchase applications increased 2 per cent, a sign that potential homebuyers are “moving forward this spring and taking advantage of the more favourable inventory conditions."

US mortgage rates tick up to 6.37%

[WASHINGTON] US mortgage rates rose last week for the first time in a month, with the average 30-year fixed-rate mortgage up 2 basis points to 6.37 per cent for the week ended April 24, the Mortgage B...