Tag Archives: US Property

Hot US real estate a potential red flag: Fed’s Rosengren

The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday, urging regulators globally to consider tools beyond interest rates that could help cool the sector. A sharp downturn in … Continue reading

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New York nabs global property crown from London on Brexit fears

New York has knocked off London as the world’s premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital’s appeal as a global financial center. Data … Continue reading

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US properties increasingly popular with Singapore investors

The real estate market in the United States has become one of the latest contenders for a slice of Singaporean investors’ growing interest in overseas properties, joining the ranks of traditionally popular markets such as Malaysia, Australia and Britain. In … Continue reading

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Pontiac Land to invest in Manhattan luxury condo

New York’s Museum of Modern Art (MoMa) is about to get the luxury touch, thanks to Singapore-based property developer, Pontiac Land. The company, controlled by the four Kwee brothers – whose net worth is estimated by Forbes at around US$5.3 … Continue reading

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New York City tests out micro-apartments

They might be the urban dwelling of the future: Studio apartments measuring no more than 28 sq m. New York City planners believe the tiny units could be the answer to a growing population of singles and two-person households. And … Continue reading

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Swire Properties plans S$1.3b Miami project

Swire Properties said yesterday that it plans to build a 2.9-million-sq-ft project in Miami’s financial district. The Hong Kong-based company had previously said that the development, Brickell CitiCentre, would cost about US$1.05 billion (S$1.3 billion). It said the project would … Continue reading

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US home sales probably fell in Jan

Home sales in the United States probably fell last month, while orders for long-lasting goods climbed, a reminder that housing lags behind manufacturing as the US recovery strengthens, economists said before reports this week. Combined purchases of new and existing … Continue reading

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Fannie, Freddie model “dead”: White House

The Obama administration on Friday declared that the public-private housing finance model in place for the past four decades was dead but pledged to continue backing exisiting obligations of Fannie Mae and Freddie Mac. “The GSE model is dead,” a … Continue reading

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Steep plunge in US mortgage index

Higher rates lead to this year’s biggest slowdown in refinancing and new home purchases The number of mortgage applications in the United States fell last week by the most this year as higher lending rates led to a slump in … Continue reading

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US commercial land prices rise at record rate

United States commercial property prices rose 4.3 per cent in September from the previous month, the biggest gain in a decade of records, Moody’s Investors Service said. The Moody’s/Real Commercial Property Price Index climbed 0.3 per cent from a year … Continue reading

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