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2010-03-16 05:10
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Posts Tagged ‘real estate market’

Upgraders sidelined as home prices soar: DTZ

(SINGAPORE) HDB upgraders account for a shrinking share of private home transactions as property prices rise and mass-market launches taper off.

In contrast, private housing dwellers are buying more property as economic sentiment improves, keeping the real estate market afloat.
According to property consultancy DTZ, buyers with HDB addresses picked up 4,0… more

U.S. REITs seeking billions in IPOs, follow-ons (Reuters)

Reuters – Several large investment firms are creating new lending companies that plan to go public to raise billions of dollars to take advantage of the distress in the commercial real estate market, and more are on the horizon.

Defaults on commercial real estate accelerate

New construction projects have come to a virtual standstill. That means reduced tax revenue for local governments and fewer construction jobs, said Jeffrey DeBoer, chief executive of the Real Estate Roundtable, an industry group.Owners of shopping malls, hotels and offices are defaulting on loans at an alarming rate, and the commercial real estate market is not expected to hit bottom for three more years.


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