Hong Kong Home Prices Rise for First Time in 11 Months After Curbs Scrapped
Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Dec 6, 2021
Bloomberg News
,(Bloomberg) -- Resource REIT Inc., a real estate investment trust that owns suburban apartments across the U.S., is exploring options including a sale, according to people with knowledge of the matter.
The Philadelphia-based REIT is working with an adviser regarding a transaction that could value the landlord at about $2 billion, the people said. Closely held Resource is in the early stages of soliciting interest from potential bidders, one of the people said.
Marianne McGuire, a Resource spokeswoman, declined to comment.
Resource is led by Chairman and Chief Executive Officer Alan Feldman and Chief Financial Officer Thomas Elliott. In January, it said it completed a merger involving Resource Real Estate Opportunity REIT Inc., Resource Real Estate Opportunity REIT II Inc. and Resource Apartment REIT III Inc.
The REIT holds 50 properties with more than 14,600 units across 14 U.S. states including Alabama, Arizona, Florida, Colorado and California, its website shows.
Read more: Bluerock Residential Said to Explore Strategic Options, Sale
©2021 Bloomberg L.P.