Economists do not expect the nation’s strong economic growth this year to continue into 2023. Read more at straitstimes.com.
Slow property market
Developers expect the residential market in 2023 to slog down with the expiration of the eased loan-to-value (LTV) limits on Dec 31, 2022, as homebuyers will need a higher amount of savings to buy a …
Rain and floods in Philippines leave 32 dead and others missing
More than 56,000 people were still in emergency shelters after bad weather disrupted Christmas celebrations in the eastern, central and southern Philippines.
Homebuyers must get tax benefits in Budget to make India’s real estate take on the world, say stakeholders
The pent-up demand of the last two years and the strong need to own residential properties in the wake of the pandemic were among the major demand drivers behind the strong revival in the real estate …
China has abandoned its zero-Covid policy. What will the economy look like in 2023?
As China moves ever closer to fully reemerging from three years of government-imposed Covid isolation and reintegrating with the world, economic expectations are high.
China’s metal factories cut production on poor outlook
Shrinking orders at home and abroad are forcing many metal goods factories in China’s southern Guangdong province to shut for the Lunar New Year holiday weeks earlier than usual, while some are also …
Ramped up housing supply may slow rising property prices in 2023: Analysts
SINGAPORE: Property analysts expect property prices to continue climbing next year, but a strong supply of new homes may help moderate the anticipated spike. For new private homes, the jump could be …
Local developer secures land for 101-unit townhome project in Lebanon
Brentwood-based Meritage Homes recently bought an 18.5-acre parcel of land in Lebanon which is slated for the development of 101 townhomes, Wilson County deeds show. The company paid $1.2 million for …
Meet the ministers who make up Israel’s most right-wing government ever
As the far-right and ultra-Orthodox parties seize key ministries, MEE takes a look at the people set to run Israel and its occupation of Palestine …
New World Development sells Pentahotel in Hong Kong for US$257 million as it disposes of non-core assets to reduce debt
The company owned by the family of billionaire Henry Cheng Kar-shun steps up its disposal of non-core assets to reduce its debt load amid high interest rates and slumping property sales.