Concern over China's embattled property sector has deepened after state media reported the detention of China Vanke's chief executive and said authorities are overseeing operations, sending the ... ( read original story ...)
China’s property investment drops 10.6% in 2024, sales slump 12.9%
Property investment in China fell 10.6% in 2024, after tumbling 10.4% year-on-year in the first eleven months, National Bureau of Statistics data showed on Friday. ( read original story ...)
China’s 2024 crude steel output slips to five-year low on feeble property demand
China's crude steel output in 2024 fell 1.7% from the prior year to a five-year low, official data showed on Friday, hit by a long-running property market crisis that has depressed demand. The world's ... ( read original story ...)
China’s new home prices stabilise with stimulus push
China's new homes prices stopped falling in December for the first time in 18 months, official data showed on Friday, after the government rolled out multiple rounds of stimulus to lift the property ... ( read original story ...)
China Property Investment Stays in Decline, Home Prices Show Slight Improvement — Update
The longer-than-expected property slump prompted Chinese leaders to take more aggressive measures to boost demand in the final quarter of 2024, including mortgage rate cuts, relaxed home purchase ... ( read original story ...)
Dubai’s Emaar confirms talks with multiple companies to sell stake in India unit
The Dubai real estate company said in a disclosure to DFM that the valuations and other terms have not been finalised ...
Investors earn record $16.33bn profits from Dubai’s re-sale property market
Investors in Dubai real estate notched up record profits to the tune of $16.33 billion (AED 60 billion) from the re-sale market last year, an industry report said. This represented 32 per cent of the ...
Ireda finalises JV with SJVN, GMR, and NEP for hydropower project in Nepal
State-owned IREDA has finalised a joint venture agreement with SJVN, GMR Energy and the Nepal Electricity Authority to set up a 900 megawatt hydropower project in Nepal.
Yemen’s Houthis to continue attacks if Gaza ceasefire breached
The leader of Yemen's Houthis said on Thursday that the Iran-aligned group would monitor the implementation of a ceasefire deal between Israel and Hamas aimed at ending the war in Gaza and continue ...
Malaysia’s economy grew 4.8% y/y in Q4, official advance estimates show
MALAYSIA’S economy grew 4.8 per cent in the fourth quarter from a year earlier, official advance estimates showed on Friday, slower than in the previous three-month period. Read more at The Business ...