World news
New Zealand: Property keeps falling - June prices down 2pc
The winter housing slump is showing no sign of abating, with median prices falling by 2.15 percent in June - from $345,000 in May to $340,000 according to official numbers released today by the Real Estate Institute.
Singapore mid, low-end home prices to change "marginally"
CapitaLand Ltd., Singapore's largest property developer, expects low and mid-end home prices in the city-state to change "marginally" this year as demand remains strong, Chief Executive Officer Liew Mun Leong said.
Property demand strong in London's West End
Demand for space in the world's most expensive office location, London's West End, remained strong in the three months to end-June, even as takeup in the nearby City financial district sank, a report said on Wednesday.
Tokyo office vacancies rise to 2-year high in June
Tokyo's office vacancies rose in June to the highest in two years as companies cut spending. The Tokyo office vacancy rate rose for the fifth month in a row, increasing to 3.49 percent in June from 3.29 percent in May, real estate brokerage Miki Shoji Co. said in a report released today through the Ministry of Land, Infrastructure and Transportation.
Dubai property prices may fall if projects finished
There will be an oversupply of Dubai property leading to a fall in prices if current planned projects are delivered on time, Fitch Ratings Ltd. said.