Shinto elders at the centuries-old Unesco World Heritage Site of Shimogamo Shrine upset neighbors when they bulldozed a swath of old Kyoto forest to build an apartment complex with units selling for more than $2 million apiece. “They should call it the Shimogamo Corporation,” says one angry parishioner, Akira Hitomi. Skepticism of religion is common [...]
Despite tight capital control measures from Beijing, Miami is emerging as a cheaper buying destination in the U.S. for Chinese investors, Peggy Fucci, CEO of real estate broker OneWorld properties told "Squawk Box" on Thursday. The city has remained a hot property for mainland investors even as Chinese regulators fined prominent brokerages Citic Securities, Haitong [...]
Property prices in Sydney and Melbourne slowed considerably in April, hinting at a possible break in the trend of runaway growth. But it’s too early to call the “peak of the marketplace” because April is exceptionally seasonal with Easter, school holidays and the Anzac Day long weekend affecting property sales, warns Tim Lawless, the head [...]
Hong Kong regulators announced new prudential lending measures yesterday to cool a red-hot property market, moving for the second time in six months to discourage buyers from pushing up residential prices that are already at record highs. Hong Kong's real estate is among the most expensive in the world and latest government data showed property [...]
ONE of Australia’s premier fund managers has warned there is a real risk of a house price slump similar to that in the US and Ireland because banks aren’t properly accounting for household income risks. Analysts at JCP Investment Partners, one of just three funds appointed to manage Future Fund cash, have warned that “as [...]
Sentiment in the Singapore property market appears to be improving after the government eased some of its curbs on the sector, but unsold inventory will still weigh in the short-term, a DBS executive said Tuesday. Speaking to CNBC's "Squawk Box," DBS Private Bank Chief Investment Officer, Lim Say Boon, said there could be a small [...]
