The signs of success in Westfield's restructure
IndustriesPropertyStephen BartholomeuszThe release of the two entities within the restructured Westfield group this week has vindicated the controversial separation that occurred last year, when a...
View ArticleLand area for new China real estate developments falls 25% in 2014
The area of land used for new property development fell by a quarter in 2014 compared with the year previously reports Xinhua citing data from the Ministry of Land and Resources.According to the state...
View ArticleChina business news digest
EconomyChinaStaff ReporterClick here to subscribe to the China Spectator daily newsletter.Your daily digest of the biggest business news in China, translated and summarized every day. China Spectator...
View ArticleWestfield could lift property portfolio 50%
Westfield Corp could grow its property portfolio by 50 per cent in as little as five years, as it continues to build out flashy new malls in places like New York and Milan and considers investing in...
View ArticleProperty boom pushes Aussies into flats
The dream of the quarter acre block with a dog or two and a barbeque is fading fast.Australians are favouring smaller, more affordable homes, with approvals for the construction of flats, townhouses...
View ArticleGPT Group may receive takeover bid
Rumours are circling the market that GPT Group is on the radar of someone — and the big question is who?It may be drawing a long bow to suggest Dexus Property Group could be interested, given stamp...
View ArticleIndustry warns of property ‘shock’
The real estate sector has hit out at plans to impose new fees on foreign investors buying property in Australia, announced yesterday by the Abbott government.Under the proposed changes, offshore...
View ArticleOffshore cash not driving housing: Hockey
Treasurer Joe Hockey has played down criticism of planned new rules aimed at limiting foreign investment in residential property.The Property Council claims higher fees on foreign buyers will dampen...
View ArticleHousing prices rise 1% in Feb: RP
Housing prices have risen, but it's only Sydney that has tilted the national average into positive territory.Preliminary results from the CoreLogic RP Data home value index show the national average...
View ArticleWestfield mulls NY, London move
Westfield Corporation will move to the US, abandoning its Australian roots to seek a listing in New York, analysts believe.The renewed interest in whether the company founded by Frank Lowy would seek...
View ArticleInvesta auction hots up
Morgan Stanley Real Estate will throw open the doors to its data room by the end of next week in a sales process now under way for its $9 billion Investa real estate business.Information memorandums...
View ArticleScentre steps up mall sales
Scentre Group, the $20 billion mall owner born out of the restructure of Westfield Group, has fast-tracked the sale of four centres in New Zealand that have a combined value of $NZ760 million...
View ArticleSydney’s median house price hits $680,000
Sydney’s soaring property values have offset flat or falling house prices in other Australian capitals, with home values rising 0.3 per cent in February across all metropolitan areas.Sydney recorded a...
View ArticleDetached home sales flat-line: HIA
Sales of detached homes have flat-lined in Australia as the pace of apartment sales rises, the Housing Industry Association says, According to the HIA's monthly report, new home sales in January lifted...
View ArticleChina house prices fall in February
The trading lull that usually accompanies China's Spring Festival holidays helped drag average property prices down in February, according to data released by China Real Estate Index System...
View ArticleMirvac weighs defence strategy
JPMorgan's decision to hire former Citi managing director Simon Ranson as its new vice- chairman is said to have lifted the investment bank’s prospects of securing the defence advisory mandate for...
View ArticleClik here to view.
Sydney's boom won't stop the cuts
IndustriesPropertyMiranda MaxwellAs the Reserve Bank board debates whether to lower rates again today, policymakers may well reflect on the mistake, in hindsight, of not lowering interest rates in...
View ArticleClik here to view.
Why Sydney's property market is running so hot
IndustriesPropertyAlan KohlerIn the latest episode of Selling House Australia, which is one of the more educational documentary programs on television, the team of renovators tarted up a little fibro...
View ArticleDeal activity in China property services sector picks up
SHANGHAI—Companies dealing in real estate are combining in China as the property downturn lingers and the emergence of Internet services upends the business.58.com Inc. —the Chinese equivalent of...
View ArticleBuilding approvals hit record high
The number of homes approved to be built has surged in January to a new record high, amid a strong increase in volatile apartment approvals, official data shows.The Australian Bureau of Statistics data...
View Article