What's to fear in Chinese property slide?
The old saying in financial markets is that when the US sneezes, the rest of the world catches a cold, but what happens when China gets the sniffles?Nervousness about China's outlook is a persistent...
View ArticleAgile Property says Chinese prosecutors have chairman in custody
SHANGHAI—Chinese real-estate developer Agile Property Holdings said Chinese prosecutors have its chairman in custody, dealing another blow to the firm which is struggling with refinancing risks amid a...
View ArticleSimonds sets ASX listing date
Victorian homebuilder Simonds is expected to list on the ASX on November 20 after a $161 million initial public offering. The bookbuild for the offer will be done either on October 22 or 23.Executives...
View ArticleChina’s Sunshine Insurance eyes Sheraton hotel
China's Sunshine Insurance Group is edging closer to the purchase of Sydney’s Sheraton on the Park for a record price of about $465 million.Sunshine Insurance, one of China’s top 500 companies, is...
View ArticleMormons in $120m farm deal
The Church of Jesus Christ of Latter-Day Saints has quietly put its four Australian rural properties on the market, with the prime irrigation and mixed-farming portfolio in southern NSW expected to...
View ArticleHealthy contest for RNS hospital
Indicative bids for the buyout of Royal North Shore hospital in Sydney are due tomorrow, and among the groups to emerge as potential bidders are Cheung Kong Infrastructure Holdings, InfraRed and...
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The property bubble myth that refuses to die
IndustriesPropertyJames LaurencesonDespite valiant efforts by commentators such as Bernard Keane and Michael Pascoe to slay claims that Chinese buyers are making it harder for ordinary Australians to...
View ArticleDexus flags share buy-back
Dexus Property Group will undertake an on-market buy-back of up 5 per cent of its securities on issue, as part of its ongoing capital management commitment.In a statement today, Dexus said its board...
View ArticleCharter Hall to raise $350m
Property fund manager Charter Hall Group is continuing to grow the wholesale side of its $12 billion property empire, with the group tapping investors for $350 million for two specialist funds.Charter...
View ArticleMystery Leighton suitor named
The US private equity giant circling Leighton’s services assets is believed to be Apollo Global Management, sources told The Australian yesterday.The firm, which describes itself as a contrarian...
View ArticleMcGrath tipped as LJHooker suitor
McGrath Real Estate, the agency of high-profile agent John McGrath, may be denying it is in hot pursuit of its rival LJHooker. But sources are saying it was in fact McGrath’s interest in the...
View ArticleREA Group increases stake in Asian firm
Online advertising behemoth REA Group has continued to widen its international footprint in attractive investment hubs, increasing its stake in a leading Southeast Asian listings portal with a strong...
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Augmenting home buying: Technology vs the real estate industry
CommercialPaths to AdvantageDavid FrancisIf there’s any industry that’s tied to tradition here in Australia – in my opinion it’s the property sector. However, when it comes to innovating, real estate...
View ArticleForeigners buy 1 in 6 new homes: NAB survey
Foreign buyers are flocking to buy Australian property, snapping up one out of every six new homes - and that number is set to get higher.Foreign demand for new homes surged in the September quarter...
View ArticleInquiry seeks tougher screening for foreign buyers
A parliamentary committee will recommend tougher screening for foreign investment in residential real estate by calling for a more robust review regime and the creation of a national register to...
View ArticleUS to finalise mortgage market rules
US financial regulators are poised to finish long-delayed mortgage market standards as soon as next week, according to people familiar with the matter, adopting a relaxed set of rules designed to...
View ArticleLowy family injects $177m into Westfield
Westfield's famed Lowy family has sunk $177.3 million of its own money into the mega-mall owner’s offshore-focused arm Westfield Corporation, raising speculation the company might look to sell down its...
View ArticleStockland offloads $228m Qld stake
Stockland will offload a 50 per cent stake in its Townsville Shopping Centre to AMP Capital managed fund, AMPCSCF, as it further progresses its capital partnering program.Stockland said the stake will...
View ArticleIngham sale delayed
Commonwealth Bank’s plans to float the holiday park portfolio belonging to the wealthy Ingham family could be placed on the backburner, with suggestions the banks attempts to lock in two cornerstone...
View ArticleWhat can we expect from Chinese property buyers in the next 12 months?
EconomyChinaMichael YangSince the historic days of the gold rush, Australia has become a go-to destination for Chinese migrants. The early days of 1855 saw more than 11,000 Chinese embark on a journey...
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