Fears in the European banking community last week created something of a tantrum in U.S. bond markets, driving yields down and taking mortgage rates along with them. As a result, mortgage application volume rose 2.9 percent on seasonally adjusted basis for the week from the previous week, according to the ... Read More »
The average rate on the popular 30-year fixed mortgage has been so low for so long that a good chunk of borrowers can’t even contemplate the idea of it ever going higher. Why should they? Every time we warn of rising rates, or see a tiny bump up, some global ... Read More »
Hong Kong tycoon Cheng Yu-tung, the patriarch behind the Chow Tai Fook jewelry chain and a global real estate empire that includes New York’s Carlyle Hotel, died Thursday. He was 91 years old. Mr. Cheng “died peacefully” with family by his side, according to a statement from New World Development ... Read More »
Gurgaon-based DLF has been ranked India’s most reputed real estate brand followed by Godrej Properties and Lodha Group in second and third places respectively, according to a report. The study conducted by BlueBytes in association with TRA Research (both part of the Comniscient Group), features Hiranandani Developers at the fourth ... Read More »
Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, said on Sunday construction had begun on its $2.0-$2.5bn real estate project in Kuwait, which has been downsized by around half from its original estimated cost. The mixed-use project, which had previously been valued at $5bn, was scaled down after ... Read More »
Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, said on Sunday construction had begun on its $2 billion to $2.5 billion real estate project in Kuwait. Banks will provide financing for half of the project, with KIPCO funding the remainder directly, said Tawfiq al-Jarrah, executive director of Hessah ... Read More »
HUBBALLI: After bringing the Real Estate Regulation Act (RERA) to protect interest of consumers, the Union government is mulling reforms in procedures for giving approvals to building construction and layout development, Union Minister for Urban Development M Venkaiah Naidu said on Saturday. Inaugurating a two-day convention of Karnataka chapter of ... Read More »
In yet another ruling upholding the rights of homebuyers, the Supreme Court directed real estate company Supertech to refund money to those who wanted to opt out of one of its projects in Noida, Uttar Pradesh. Using strong language, the apex court told the builder that it wasn’t concerned if ... Read More »
The interest rate-sensitive real estate and utilities sectors suffered on Friday after atop policymaker at the Federal Reserve argued that a “reasonable case” could be made for a rate rise ahead of the central bank’s monetary policy meeting this month. Investors rotated out of the utilities sector, which declined 3.8 ... Read More »
sector in the S&P 500, bringing the broad market index up to 11 divisions. The move primarily affects real estate investment trusts (REITs), moving 28 issues with nearly $600 billion in market cap out of the financial sector and into the new real estate heading. The decision came primarily because ... Read More »
Bengaluru: Builders across cities are rushing to complete the projects they promised as courts and customers hold them to their words ahead of tighter real estate regulation. The result: A large number of projects that were stuck are now set to be completed and delivered during the current financial year, ... Read More »
There is significant money to be made in Europe by investing and lending where local banks cannot, two prominent private fund managers told attendees of a U.S. hedge fund conference on Friday. “The most attractive opportunity in this environment is to step in where the banks are least able to ... Read More »
