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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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