Monday , December 16 2019

Real Estate

India’s construction, property industries in trouble: Rajan

Bloomberg India’s real estate, construction and infrastructure industries are in “deep trouble,” and non-bank finance companies which lend to these sectors should have their asset quality reviewed, former central bank Governor Raghuram Rajan said. There is also “significant distress in rural areas,” Rajan wrote in an opinion piece in India ...

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Dates for 16th International Property Show announced

Dubai / Emirates Business Dubai Land Department (DLD) announced the 16th edition of International Property Show (IPS) in partnership Real Estate Investment Management and Promotion Centre to promote the emirate’s property market. The partnership is a qualitative leap that will bring DLD’s strategic initiatives and projects in the real estate ...

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Burned in 2008, Americans are refusing to tap home equity

Bloomberg Once-popular loan Americans use to finance home renovations and college tuition is slowly dying, slashing a lucrative source of revenue for the nation’s largest banks. Home equity lines of credit, open-ended loans that homeowners tap for cash using their properties as collateral, exploded in the run-up to the housing ...

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Singapore’s PropertyGuru plans to raise $257m, Australian listing

Bloomberg PropertyGuru Pte, a Singapore-based provider of online real estate classifieds, plans to raise as much as A$380.2 million ($257 million) and list on the Australian stock exchange. The shares’ indicative price range is between A$3.70 and A$4.50, giving a market capitalisation at the upper end of around A$1.36 billion, ...

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Blackstone warned Denmark to act on high apartment rents

Bloomberg Denmark’s new left-wing government pledged tough laws to control housing costs and singled out Blackstone Group for “unsustainable” rental practices. Kaare Dybvad, the Danish housing minister, said Blackstone is “challenging” local legislation “where there are holes.” By taking advantage of those holes, the concern is that properties are being ...

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