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 U.S. residential and commercial property prices in 2007 and 2008 rocked banks that were highly leveraged in the sector, sparking the global...

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 on cross-border property transactions indicate greater unease among investors prior to the referendum, which voters unexpectedly approved on June 23, than had been...

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 recent months, Singapore developers, including Keppel Land and Pontiac Land, have flocked to the US, taking stakes in American projects as they...

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 billion - plans to invest in a 72-story luxury residential tower adjacent to the famous art museum. The 750,000 square feet building will be designed by Pritzker...

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 in a nation that is increasingly populous and urbanised - where people are more frequently creating a family of one - such downsizing may not stop here. Mayor Michael Bloomberg...

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 include three office towers, two residential blocks, 500,000 sq ft of shopping and dining space, as well as a hotel, with...

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 homes fell 2 per cent to a 5.5-million annual pace, according to the median forecast of economists surveyed by Bloomberg News. Durable-goods...

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 White House official told reporters, referring to the government-sponsored enterprises Freddie and Fannie, as the United States Treasury Department released a...

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 refinancing. The Mortgage Bankers Association's (MBA) index declined 16.5 per cent in the week ended Nov 26, figures from the Washington- based group showed yesterday. The gauge of...

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 earlier as a small number of high-priced deals drove up values, Moody's said in a statement this morning. The measure had fallen to an eight-year low in...

Compare listings

Compare