Kaisa expects to post full-year loss for 2014
Chinese property developer Kaisa Group Holdings Ltd. said it expects a loss for 2014, a reversal from a net profit of 2.86 billion yuan (US$456 million) in the previous year.Late Monday, the developer,...
View ArticleBattle of the quays
An almighty battle for one of Sydney’s prime real estate developments looks set to erupt soon as development giant Lend Lease calls in Jones Lang LaSalle to find a joint venture partner for its...
View ArticleChina home prices extend slide in February
SHANGHAI—The average price of new homes in 70 Chinese cities fell further in February amid sluggish demand due to the Lunar New Year holiday and fears among potential home buyers of more price cuts.On...
View ArticleRBA warns on Chinese property market
Reserve Bank of Australia researchers have warned that Chinese policymakers may not be willing to stimulate the nation's slowing property market as much as needed, in a glaring warning for Australian...
View ArticleAPRA assessing home lending practices
The chairman of Australia's banking regulator has said it is monitoring the practices of individual mortgage lenders and will decide "in the next month or so" if any supervisory action is needed."So...
View ArticleHousing market highly risky: APRA
The housing market is highly risky, according to chief banking regulator Wayne Byers, who has foreshadowed that individual banks and other lenders may have additional capital requirements imposed to...
View ArticleLazard warns on housing, banks
Having sub-underwritten Westpac’s emergency capital raising to stay afloat in the early 1990s, Phil Hofflin and Rob Osborn know Australia’s esteemed banks can actually run into problems.Needing to...
View ArticleJPMorgan to back Charter Hall bid
Charter Hall has hired JPMorgan in its quest to secure control of $8.9 billion worth of office towers within the Investa Property Group platform, according to sources.The award of the mandate given by...
View ArticleACOSS urges action on house prices
Community services advocates want governments to tackle capital gains tax and get rid of stamp duties so that housing becomes more affordable.The Australian Council of Social Service and housing and...
View ArticlePepper Group hires advisers for IPO
Mortgage lender Pepper Group has picked Goldman Sachs and Macquarie as advisers for its potential $1 billion initial public offering.The IPO has been slated for the second half of the year. Pepper...
View ArticleHome loan creation to grow up to 10%
Australia's $1.4 trillion home loan industry is set for another strong year, following record breaking mortgage figures in 2014, as little stands in the way of growth of up to 10 per cent.With the...
View ArticleProperty market risks rising: RBA
Some Australian banks will soon require "behavioural adjustment" to tighten loose mortgage lending, which is overheating house prices and stoking the threat of instability within the economy. The...
View ArticleAust could weather a housing crash: Deloitte
Australia's $5.5 trillion real estate market has several protections against a housing price crisis like the US sub-prime mortgage crash which ravaged the economy during the GFC, says...
View ArticleDarryl Somerville to head Metro
Former Brisbane Broncos chairman Darryl Somerville has been chosen to head the board for the upcoming float of David Devine’s Metro Property Developments, with the company set to list on the Australian...
View ArticleScrap negative gearing in luxury market: Symond
Aussie Home Loans founder John Symond has called on the federal government to consider scrapping negative gearing for investors in the luxury home market, warning that it was putting a hole in the...
View ArticleNew home sales hit cyclical high
Australian sales of new homes hit a cyclical high in February, driven by apartments, while detached home sales continue to decline.According to the Housing Industry Association's survey, sales of new...
View ArticleChina stocks surge to seven year highs
China stocks have risen for a fourth day, with the country’s benchmark gauge at its highest level in seven years on the back of new government measures to boost the economy. On Monday, China's central...
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Chinese suitor circles Investa
As the first round of bidding for Morgan Stanley’s $8.9 billion Investa Property Group nears a conclusion, a colossal Chinese life insurance firm, Ping An, has emerged as a serious contender for the...
View ArticleLend Lease in $1.6bn Singapore JV
A Lend Lease joint venture will pay $S1.67 billion ($1.6 billion) for a large scale mixed-use urban regeneration development at Singapore's Paya Lebar Central project site.The infrastructure company...
View ArticleSydney home prices surge in March
Sydney house prices have risen at their quickest pace in more than five years, surging three per cent in March on the back of lower interest rates.The median house price in Sydney is now $690,000, with...
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