Singapore developers' body is lobbying the government to review some property curbs due to increasing market risks stemming from the supply of new apartments and an economic slowdown, the Business Times reported.
"The property cooling measures, in the current tone and intensity, could actually increase the risk to the real estate market and economy, " said Augustine Tan, president of the Real Estate Developers' Association of Singapore, according to the newspaper.
Commercial land prices in Japan's three largest metropolitan areas rose 2.3 percent in the 12 months ended June 30, extending gains as low interest rates spurred property acquisitions, a government survey showed.
Residential sales in Canada increased slightly by 0.3% month on month in August and transactions were up 4% compared to a year ago, the latest index shows.
The data from the Canadian Real Estate Association also shows that the number of newly listed homes for sale increased by 0.5% while prices are up 8.7% year on year but this drops to 4.2% when Greater Vancouver and Greater Toronto are taken out of the calculation.
Sotheby's International Realty Canada says turbulence on the Chinese stock market could send buyers from mainland China flocking to Canadian luxury real estate this fall.
The realtor predicts that sales of homes worth over $1 million will rise in Toronto and Vancouver, while Montreal's luxury market should be balanced and Calgary's will slow due to the effects of declining crude prices.
Lending to investors buying new homes reached an all-time high in Australia July but lending to owner occupiers remained below the peak that occurred nearly a year ago.
The total number of loans to owner occupiers purchasing or constructing new homes remained largely unchanged in July 2015 compared with the level in June, but was 9.4% lower than the peak level of lending that occurred in September of last year, the data from the Australian Bureau of Statistics shows.
The boom in Canada's housing market continued in August with sales of existing homes edging up 0.3 per cent month over month and holding at levels not far off the five-year high reached in May, according to the Canadian Real Estate Association.
In its latest survey released Tuesday, CREA says sales of existing homes were little changed from July in all local markets, with an even split between those posting increases and those showing declines.
Celtic Tiger leads the eurozone's housing price recovery but OECD warns of dangers of a new credit-driven bubble five years after crash
Home owners in the United States are wary of where the housing market is going, while rising prices in some markets are driving renters away from home ownership aspirations, a new report has found.
Overall, home owners are confident about the current state of the housing market, but they are less exuberant about future market performance, according to the mid-year results of the Zillow Housing Confidence Index (ZHCI).
House prices have been rising at a breakneck speed in Toronto and Vancouver, but most the rest of the country’s major real estate markets have been in a slump, according to new data from the Teranet-National Bank house price index.
In Bogota, Colombia, this week, workers put the last floor in place on a 67-story skyscraper that is now the country's tallest structure
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