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Australia housing finance rises 1.9% in May

SYDNEY: Australian home loan commitments for May, released by the Australian Bureau of Statistics (ABS) on Monday, July 12.

A Reuters poll forecast the number of home loans rose 1.5%, seasonally adjusted. Estimates ranged from a fall of 4.5% to a rise of 3.4%.

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Buyers rush to snap up offering of small flats

HONG KONG: Hundreds of home seekers and investors lined up last Saturday, July 10 to snap up 365 flats at two housing projects — signalling buyers are taking advantage of a rising property market.

Some 285 flats or 76% of the flats at Lime Stardom in Tai Kok Tsui were gone by 5pm after sales were launched at 9am.

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Chinachem treads new path after legal saga

HONG KONG: Chinachem Group, once counted among Hong Kong's leading property developers, is bidding to recapture its former glory days, now that the legal tussle over the estate of its late chairman, Nina Wang Kung Yu-sum, has been settled in its favour.

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Invest and holiday with The Hideaways Club

Combining international property investment with luxury holidays, The Hideaways Club of the UK is both an investment fund and a private members club.“It is certainly not a timeshare nor is it a real estate investment trust (REIT),” says the exclusive club’s chairman Mike Balfour when City & Country meets up with him.The property fund comprises a portfolio of luxury villas and ski chalets lo

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City & Country: Sunway City’s property development duo

It is perhaps the first and only listed company on Bursa Malaysia that has three managing directors. Sunway City Bhd (SunCity) recently appointed former COO Ho Hon Sang as managing director, property development (Malaysia), to take charge of local projects. He replaces Ngian Siew Siong who has been entrusted with a new portfolio — managing director, property development (international).

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