Headlines

China home prices to drop more as curbs stay

Property prices in China will fall further because demand is weak and the government probably won't relax restrictions on home loans, according to Citic Ka Wah Bank Ltd. Chief Economist Liao Qun.

U.S pending home sales tumble in May

Pending sales of previously owned U.S. homes plummeted by 4.7 percent in May, far more than expected and a sign of more trouble ahead for the beleaguered housing market, a real estate trade group report showed on Tuesday.

China: Government to help real estate developers

China's government is likely to take measures to ease property developers' funding difficulties caused by loan curbs and falling sales, the Economic Observer reported, citing a person it didn't identify.

Florida's rental markets latest to suffer Ill effects in housing crunch

The spread of "For Rent" signs is the latest bad news as Florida's real estate market declines in all forms of rentals, a new University of Florida study finds.

Formosa plans to expand Vietnam steel mill

Formosa Plastics Group may expand the capacity of a planned steel plant in Vietnam to 30 million metric tons a year, the Economic Daily News said, citing Kuo Yen-tu, an adviser to the company.