World news

Singapore home prices in steepest drop since 1975

Singapore private home prices suffered their biggest drop in more than 30 years in the first three months of 2009 as the country's worst-ever recession hammered investor sentiment in the recently booming property market.

China's housing prices may "fall sharply"

Property prices in the country are likely to see a "sharp drop" next year, when a number of low-income housing projects come up, a local newspaper reported yesterday.

US office rents post biggest drop in 7 years

U.S. office rents posted their steepest decline in seven years in the first quarter as layoffs, weak credit markets and economic uncertainty drained demand, according to a report by real estate research firm Reis Inc.

Shenzhen property market bottoms out

Property agency Centaline said on Thursday the housing market in Shenzhen, a booming town in south China, has rebounded since the start of this year, and predicted prices will stabilise from now on.

UK house prices 'drop 1.9% in March'

UK house prices fell by 1.9% in March compared with the previous month, according to the Halifax