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Real Estate Development

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  • Transmission Developers Inc. says Tuesday the U.S. Army Corps of Engineers issued a permit allowing the Champlain Hudson Power Express project to be placed in U.S. waters along the proposed route. The 1,000- megawatt transmission line from Quebec to Queens would run under Lake Champlain and the Hudson River for much of its route. TDI chief executive officer...

  • Why Kaisa’s default isn’t a sign of more to come Tuesday, 21 Apr 2015 | 2:10 AM ET

    Despite fears Kaisa's bond default may herald of a wave of more to come from China, the developer's troubles may be more of a one-off soap opera.

  • Kaisa Group Holdings Ltd. said in a filing late Monday that it failed to pay $51.6 million in interest payments on its bonds due in 2017 and 2018.. Meanwhile, China's ruling Communist Party has reversed its position on defaults, pledging to make the economy more productive by allowing market forces a bigger role. The default comes as Kaisa has been negotiating to...

  • Aussie property’s bubbly days are numbered: Goldman Tuesday, 14 Apr 2015 | 11:32 PM ET

    Australian property prices are looking bubbly, but the surge may soon hit a wall due to few births, high mortality and sparse migration, Goldman said.

  • HONG KONG, April 15- Growth in China's real estate investment in the first quarter slowed to the lowest rate since 2009 as developers prioritized clearing inventory amid a housing glut, while the rate of fall in property sales narrowed. Growth in China's gross domestic product, of which real estate comprises about 15 percent, slowed to a six-year low of 7.0...

  • April 15- Growth in China's real estate investment eased to 8.5 percent in the first quarter from a year earlier as developers made clearing inventory their priority amid a housing glut. The rise in investment, reported by the National Bureau of Statistics on Wednesday, compared with an increase of 10.4 percent in the first two months of 2015, with the rate of...

  • Indonesia’s property tax delay: Sop to the rich? Tuesday, 14 Apr 2015 | 9:48 PM ET

    Reforms of Indonesia's easily-sidestepped luxury property taxes may be on ice, but the taxman is likely still coming for the wealthy, analysts said.

  • MOSCOW, April 14- Russian residential real estate developer Etalon said on Tuesday it expected new contract sales to decline by no more than 30 percent this year. First-quarter new contract sales fell 58 percent to 3.8 billion roubles after a buying spree in the fourth quarter of 2014 caused by the rouble depreciation. The company said that sales in the first...

  • Is the next shoe dropping on Singapore property? Tuesday, 7 Apr 2015 | 10:53 PM ET

    Singapore's high-end property developers faced with a ticking clock may take drastic measures to avoid steep charges for unsold units.

  • *Chairman's role in Egypt mega-project raises eyebrows. DUBAI, April 2- As chairman of Emaar Properties, Mohamed Alabbar has shaped much of Dubai's skyline, but rapid growth in his outside real estate interests is raising the possibility of a rarity in the Gulf- open shareholder dissent. His involvement in other firms' projects, such as a planned $45 billion city in...

  • BELGRADE, March 31- The vista of rusting boats and drab wasteland that greets visitors passing over the river Sava into Belgrade is set to be transformed into a futuristic forest of skyscrapers under ambitious redevelopment plans that have left Serbs deeply split. The project marks the first foray into central and eastern Europe by Abu Dhabi- based Eagle Hills...

  • BELGRADE, March 31- The vista of rusting boats and drab wasteland that greets visitors passing over the river Sava into Belgrade is set to be transformed into a futuristic forest of skyscrapers under ambitious redevelopment plans that have left Serbs deeply split. The project marks the first foray into central and eastern Europe by Abu Dhabi- based Eagle Hills...

  • Some industry experts forecast home prices to fall by over a third by end-2016, clouding the prospects of major developers CK Hutchison Holdings Ltd, owned by Asia's richest man Li Ka- shing, and Sun Hung Kai Properties Ltd.. An increase in U.S. rates would also trigger a rise in Hong Kong because the local currency is pegged to the U.S. dollar, paving the way for...

  • India's aims to cure property hangover with discounts Wednesday, 18 Mar 2015 | 7:15 PM ET

    India's property developers are turning to promotional gimmicks as they struggle to sell billions of dollars worth of unfinished homes.

  • MUMBAI, March 19- India's debt-laden property developers are turning to deep discounts, free parking spots and even gimmicks like gifts of gold coins and motorbikes as they struggle to sell billions of dollars worth of as-yet unfinished homes. It's not just bad news for developers in megacities like Mumbai, now seeking ways to offload inventory with...

  • HONG KONG, March 18- Chinese banks have extended Evergrande Real Estate Group a 100 billion yuan credit lifeline, as a slump in China's key property sector pressure one of the biggest and most indebted developers. Evergrande, China's fourth largest property developer by sales, said the credit lines had been extended by four major state-owned banks since...

  • HONG KONG, March 18- Chinese banks have extended Evergrande Real Estate Group 100 billion yuan in credit, as the slump in China's key real estate sector extends to one of the biggest and most indebted property developers. Evergrande, China's fourth largest property developer by sales, said the credit lines had been extended by four state-owned banks since...

  • Is Singapore REITs’ stellar run about to hit a wall? Thursday, 12 Mar 2015 | 11:17 PM ET
    Pedestrians walk outside the Ion Orchard mall in Singapore

    Singapore's REITs have long defied predictions they would stumble amid forecasts of rising rates, but analysts say the day of reckoning may soon come.

  • Why luxury living thrives in Melbourne   Monday, 9 Mar 2015 | 8:31 PM ET
    Why luxury living thrives in Melbourne

    Larry Kestelman, founder and CEO of LK Property Group, says the six-star Capitol Grand is garnering great interest from local and overseas buyers due to Melbourne's status as one of the best cities to live in.

  • Jakarta’s property boom is just getting started Wednesday, 4 Mar 2015 | 9:30 PM ET

    Jakarta property prices have more than doubled since 2009, but with a new infrastructure push, the boom might only be getting started, analysts said.