The Saudi Cabinet, chaired by Crown Prince and Prime Minister Mohammed bin Salman, approved a new law regulating property ownership by non-Saudis during its weekly session on July 8. The landmark …
Saudi cabinet approves law on property ownership by non-citizens
Comes into effect from January 2026; Real Estate General Authority to propose areas where non-Saudis can own property; special requirements for the Holy Cities …
Related Mulls 840K SF of Office at 625 Madison After Saudi Infusion
Saudi Arabia’s Public Investment Fund took a two-thirds stake in Related’s planned skyscraper at 625 Madison Avenue …
Non-Saudi property ownership law to take effect in 2026: Al-Hogail
Majid Al-Hogail, Minister of Municipal, Rural Affairs and Housing, said the new law regulating property ownership by non-Saudis aims to boost the real estate sector and attract foreign direct …
Korea’s Household Loan Surge Puts Rate-Cut Plans Under Pressure
South Korea’s household lending surged in June at the fastest pace in 10 months, driven by a hot property market in Seoul that’s complicating the central bank’s efforts to support the economy with …
Samsung heirs sell Seoul villa for US$16mil to help pay record inheritance tax bill
SEOUL: The heirs of the late Samsung Group chairman Lee Kun-hee have sold a luxury property in central Seoul for 22.8 billion won (US$16 million), in what appears to be part of a broader effort to pay …
Foreign investment in Vietnam property doubles
Foreign direct investment in Vietnam’s property sector jumped 2.4 times to US$4.8 billion in the first half this year, latest data shows.
How cryptocurrency can rescue real estate in Pakistan
Pakistan’s real estate sector, once considered a pillar of economic stability, is now grappling with a credibility crisis. Widespread fraud, unchecked land mafias, tax evasion and manipulation of …
Indonesia, China Sign Copyright Cooperation Agreement in Geneva
Indonesia and China signed a copyright cooperation deal in Geneva, aiming to strengthen IP protection and promote creative industries.
New World Is Selling China Property Assets After Loan Deal
New World Development Co. is seeking to divest real estate projects in mainland China after pulling off an $11 billion refinancing deal in June, according to people familiar with the matter.