United States

Housing Market

Manhattan luxury condo sales skew apartment prices: survey


NEW YORK A boom in newly built luxury apartments in Manhattan has skewed prices for the overall residential real estate market in the borough and masked a sharp drop in transaction volume over the past five years, a property report on Wednesday showed.

Newly independent Metro sees higher profits ahead

BERLIN Metro on Wednesday forecast stronger profitability in 2017/18 in a sign that the German retailer expects to see some of the benefits soon from its split from consumer electronics group Ceconomy.

6:34am EST

Westfield $16 billion Unibail-Rodamco sale rings the bell on retail's next chapter

SYDNEY/MELBOURNE For investors in Australia's Westfield Corp , its $16 billion sale to European property giant Unibail-Rodamco may mark a turning point for a mall industry under pressure to reinvent itself amid fierce online competition.

6:26am EST

China's property price rally to stall in 2018 as small city boom wanes: Reuters poll

BEIJING China's home price growth is likely to stall in 2018 as a surprise boom in smaller cities is expected to lose steam while measures to tighten credit and other property curbs continue to constrain the market, a Reuters poll showed on Wednesday.

4:13am EST

Singapore land supply for private housing in H1 2018 almost steady

SINGAPORE Singapore kept the amount of land it plans to sell for private housing almost steady in the first half of 2018 as the government seeks to strike a balance between a potential future glut of residential units and current demand from developers.

1:55am EST

Filipino houses from debris and Californian fruit pickers' homes win major award

SEATTLE (Thomson Reuters Foundation) - A project in the Philippines that used debris to rebuild typhoon-ravaged houses and Californian homes providing year-round housing for migrant workers won one of the world's most prestigious housing awards on Tuesday.

Dec 12 2017

China banks' household loans soar as shadow lending squeezed

SHANGHAI/HONG KONG Chinese lenders' short-term household loans almost doubled last month from a year ago, according to central bank data, as regulators clamp down on other opaque forms of borrowing to tame risks linked to a vast shadow banking sector.

Dec 12 2017

China-backed buyer aims to fund $5.2 billion HK skyscraper deal mostly via debt-sources

HONG KONG The China-backed buyer of a Hong Kong skyscraper from billionaire Li Ka-shing for a record $5.2 billion is seeking to borrow as much as 90 percent to fund the deal, according to a term sheet seen by Reuters and people with knowledge of the matter.

Dec 12 2017

Blackstone buys back 10 percent in warehouse firm Logicor - source

A Blackstone real estate fund is buying a 10 percent stake in Logicor Ltd just months after selling the European warehouse firm to a Chinese sovereign wealth fund, a source familiar with the matter said on Tuesday.

Dec 12 2017

Trump lawyer denies Deutsche Bank got subpoena on Trump accounts

FRANKFURT/WASHINGTON A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday, but Trump's lawyer denied any such subpoena had been issued. | Video

Dec 05 2017