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Why Some Think Australia’s Housing Market Is Due for a 2008 Moment

Insane. That’s how Jonathan Tepper, chief executive officer at research firm Variant Perception, described Australia’s housing sector in a word, painting the picture of a market that’s strikingly similar to that of the U.S. prior to the financial crisis. A local 60 Minutes segment that aired on Sunday titled “Home Groans” chronicled some of the eye-popping […]

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Singapore: Private home sales fall in January with fewer property launches

Property developers sold 322 new private residential units in January, down from 384 in December, according to data released by the Urban Redevelopment Authority SINGAPORE: Sales of private homes fell 16 per cent in January from the previous month as developers scaled back property launches. Excluding executive condominiums (ECs), developers sold 322 new units last month, down from […]

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B.C. budget tackles lack of affordability in housing market

VICTORIA — British Columbia introduced tax changes in its provincial budget Tuesday to help buyers and builders of new homes valued up to $750,000, while targeting people able to afford properties priced above $2 million. Housing policy experts and the NDP panned the tax measures as inadequate, saying bolder action was needed to help young […]

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Abu Dhabi prime office rents stable: Knight Frank

Offices between 100sqm and 500sqm in demand. Abu Dhabi prime and Grade A office rental rates remained steady in the second half of last year, according to real estate firm Knight Frank. Prime office rental rates were recorded at AED 1,900 per sqm, while rental values for Grade A shell and core office space were at […]