Page 4 - Property Market

Global property market sitting on a $175 bn debt time bomb as slump spreads

As the toll from higher interest rates and the end of easy money mounts, many real estate markets are almost frozen with some lenders telling borrowers to sell assets or risk foreclosure

Experts see 2023 as a year of smooth sailing for real estate sector

Demand likely to remain buoyant despite prospects of another rate hike; industry looking for tax breaks, lower transaction costs

Morgan Stanley upgrades Chinese equities as country eases Covid curbs

Economic recovery likely to be bumpy as earnings pressure continues, says brokerage

China's Covid policy will hinder property recovery: Goldman Sachs

On the Covid policy, Goldman expects China to reopen the country -- which it defines as a period when authorities no longer lock down cities when cases surge -- in the first half of 2023

M3M enters Noida property mkt, to invest Rs 2,400 cr in mixed-use project

Realty firm M3M India has bagged a 13-acre land parcel in Noida through e-auctions and plans to invest around Rs 2,400 crore to develop a mixed-use project, its director Pankaj Bansal said on Wednesday. M3M India, which has a major presence in Gurugram, will be foraying into Noida property market through this project. "We have secured a 52,000 square metre plot in Sector 94 through an e-auction conducted by the Noida Authority. We will be entering into the Noida market through this land acquisition," Bansal told PTI. The land has been bought at Rs 827.41 crore through auction, he said, adding that the total acquisition would reach Rs 1,200 crore including lease rent and registration charges. "We are targeting to launch this mixed-use project, comprising of housing, retail and serviced apartments, in February-March next year," Bansal said. Asked about the funding of this project, he said the company is in talks with financial institutions to raise funds. Bansal said the company pl

China's property debt crisis enters new phase as bond havens crumble

China's property debt crisis is entering a new phase as even developers that had long been considered safer rapidly tumble into distress

China builders slide to record lows as top chairwoman Wu Yajun steps down

A sudden resignation by the founder and chairwoman of a top Chinese builder has added to concerns over China's ailing property sector, fueling a further selloff

What NRIs on short visits to India must consider before buying property

They should hire a property consultancy or a lawyer to do due diligence on their behalf

Housing sales witness 41% rise YoY in July-September: Anarock report

MMR and Hyderabad witnessed the highest new launches in Q3 2022, with approx. 36,000 units and 15,530 units, respectively

Residential launches see 61% growth in Q3, says PropTiger report

Despite the slight increase in overall interest rates, the demand for housing has not dipped.

E-registration of property promises freedom from long queues, touts

However, the procedure is currently limited only to primary sales in Maharashtra

Tier-II Indian cities emerge as major realty growth engines: PropEquity

Report by the firm cites surge in absorption and supply of quality residential properties across price brackets in Ahmedabad, Vadodara, Nashik, Gandhi Nagar and Jaipur

Don't turn complacent, consult experts if builder claims nods are in place

First, carry out the necessary checks of the plot on which the project stands

China bad debt managers see earnings tank on deepening property losses

China's distressed-debt managers have been in turmoil as aggressive lending to embattled developers and unchecked expansion into other areas has beset the $730 billion funds with heavy credit losses

Transactions in Indian retail sector up 160% in H1 of CY2022: CBRE study

Pent-up demand from customers post-pandemic for immersive engagement and convenient in-store experiences has driven productivity at retail spaces, says report

Chinese firm Evergrande's fall should also serve as a warning to Vietnam

China Evergrande Group's debt blowup, with the tumbling home prices and mortgage boycotts that followed, have sent the economy into its deepest spin since the Cultural Revolution

Chinese banks inflating loan numbers amid struggle to meet govt demands

Some state-owned Chinese banks are extending loans to companies and then allowing them to deposit funds at the same interest rate

Luxury housing sales double in H1 2022, Mumbai region takes top spot

14% of 184,000 units sold in the top seven Indian cities in the period were luxury homes

China central bank cuts mortgage rate to support crisis-hit property market

The People's Bank of China (PBOC) lowered the five-year loan prime rate (LPR) by 1.5 percentage points, which matches its biggest cut on record, the BBC reported.

Chinese govt seeks to stabilise property market with loans, lower rates

Chinese banks lowered their benchmark lending rates while authorities stepped up support for the property market with additional loans, a govt-guided attempt at alleviating a worsening housing crisis