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Real Estate Development

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  • SINGAPORE, Jan 22- Perks used by property firms in Singapore to entice buyers of luxury apartments are under scrutiny after a bank sued a developer for allegedly conspiring with borrowers to inflate about S $182 million of home loans. With Singapore's real estate market on the slide, developers regularly try and court potential home buyers by offering...

  • WASHINGTON— The Republican-controlled Senate on Tuesday rejected Democrats' bids to ban exports from the Keystone XL oil pipeline and to require building the project with American-made steel. In largely party-line votes, the Senate sidetracked the first two additions to a bill seeking to approve construction of the 1,179 pipeline. The Senate...

  • Wynn touts economic benefits of Everett casino Friday, 16 Jan 2015 | 6:57 AM ET

    BOSTON— Las Vegas casino mogul Steve Wynn told a gathering of more than 2,000 Boston- area real estate developers and other professionals he is confident his planned casino in Everett will became a major economic engine for the region. Wynn, the chairman and chief executive of Wynn Resorts, was the featured speaker Thursday at Colliers International's annual...

  • SHENZHEN, Jan 14- As creditors circle troubled Chinese property developer Kaisa Group, it's business as usual at the company's sales office and housing projects in the southern city of Shenzhen. In a northern suburb, construction workers in yellow hats at the Kaisa City Plaza development could be seen renovating flats on Tuesday, while agents at the firm's...

  • Singapore property faces test as rates rise Thursday, 8 Jan 2015 | 9:07 PM ET

    Singapore's efforts to rein in household debt and its sky-high home prices appear set for their first test as local rates begin to rise.

  • China's upbeat housing sentiment rolls into 2015 Tuesday, 6 Jan 2015 | 2:11 AM ET

    HONG KONG, Jan 6- China's stronger-than-seasonal property sales in December point to a recovery in market sentiment thanks to looser housing and monetary policy, with the upbeat momentum expected to swing into 2015, analysts said. China's top listed residential developer China Vanke reported a 129 percent surge in sales in the last month of 2014 from a year...

  • Is Philippine property getting bubbly? Monday, 5 Jan 2015 | 5:40 PM ET

    Property prices in the Philippines have surged over the past few years, but it isn't clear puffed up valuations stack up to a bubble.

  • St. Louis Rams owner to build NFL stadium...in LA Monday, 5 Jan 2015 | 4:57 PM ET
    Quarterback Russell Wilson #3 of the Seattle Seahawks is tackled by strong safety T.J. McDonald #25 of the St. Louis Rams and defensive tackle Aaron Donald #99 of the St. Louis Rams during the first quarter of the game at CenturyLink Field on December 28, 2014 in Seattle, Washington.

    Plans to build an Inglewood NFL stadium, led by Rams owner Stan Kroenke, may be a sign the team could return to Los Angeles.

  • China developer Kaisa fails to repay $51M loan Thursday, 1 Jan 2015 | 11:30 PM ET
    At a property trade fair in Beijing, China

    Property developer Kaisa had failed to repay a HK$400 million loan and may default on more debt, amid a downturn in the real estate sector.

  • How London is looking more like… Singapore Thursday, 25 Dec 2014 | 6:04 PM ET
    A banner advertising new 'Luxury' apartments in the East End of London.

    London's residential property is changing, with new developments increasingly offering the condominium-style living typical in some other parts of the world.

  • HONG KONG, Dec 23- The former co-chairman of Hong Kong- listed developer Sun Hung Kai Properties Ltd, Thomas Kwok, was sentenced to five years in jail and a HK $500,000 fine on Tuesday in the city's highest profile graft case. Their trial exposed the cozy relationship between the city's powerful developers and government in the former British colony, with Sun Hung...

  • HONG KONG, Dec 19- A former top Hong Kong civil servant was found guilty on Friday of accepting HK $8.5 million in bribes from executives of property developer Sun Hung Kai Properties Ltd, in the city's highest profile corruption case. Rafael Hui, 66, who headed Hong Kong's civil service from 2005 to 2007, was found guilty of three counts of misconduct in public...

  • MIDEAST STOCKS-Gulf markets surge on stronger oil Thursday, 18 Dec 2014 | 8:25 AM ET

    *Saudi Arabia's finance minister says state to keep spending. *UAE companies buy back cheap shares. DUBAI, Dec 18- Stock markets in Saudi Arabia and the United Arab Emirates soared on Thursday after the price of oil rebounded and the Riyadh government eased investors' fears by saying it would continue spending heavily on economic development.

  • BEIJING, Dec 18- China's new home prices fell again in November and a business survey showed a deep drop in real estate investment plans, adding gloom to a slumping property market that has so far defied government efforts to revive it. Yu Liang, president of leading residential developer China Vanke Co said at the weekend that China now faced a housing glut that...

  • BEIJING, Dec 18- China's home prices fell in November for a third consecutive month versus year-ago levels, Reuters calculations from official data showed on Thursday, pointing to an intractable property downturn despite government efforts to energize the market. Yu Liang, president of leading residential developer China Vanke Co said at the weekend China...

  • MADRID, Dec 14- On a street in central Madrid, Juan Jose Perucho points to where he is going to build one of the capital's tallest residential blocks after buying a site bigger than five football pitches from the state-owned metro network. Spain is building again after seven years of a crushing downturn in the construction sector with investment in...

  • Toll Brothers misses 4Q profit forecasts Wednesday, 10 Dec 2014 | 6:50 AM ET
    A worker stands near a home under construction at the Toll Brothers Inc. Jupiter Country Club housing development in Jupiter, Florida.

    Toll Brothers on Wednesday reported profit of $131.5 million in its fiscal fourth quarter.

  • NYC considers mansion tax hike to raise funds Wednesday, 19 Nov 2014 | 7:06 PM ET
    One57, a new luxury skyscraper apartment building on New York City's West 57th street.

    In order to raise revenue for May Bill de Blasio's affordable housing plan, the city is considering a raise on the tax rate for high end real estate.

  • Cash for grass changes landscape in Calif. drought Wednesday, 12 Nov 2014 | 10:35 AM ET
    Drought resistant garden.

    A rebate for property owners to switch lawns in drought-ridden California is gaining traction. But it's a mixed bag for landscapers.

  • London icon's new lease on life  Friday, 7 Nov 2014 | 9:00 AM ET
    Battersea power station

    CNBC's Phil Han reports from the Battersea Power Station and finds out more about this multi-billion dollar redevelopment of the site.