Inflation Slows in Singapore’s Residential Market
Wednesday, July 9th, 2008The sharp inflation slowdown in Singapore’s private residential market is the latest sign that times are getting tougher for local developers.
The sharp inflation slowdown in Singapore’s private residential market is the latest sign that times are getting tougher for local developers.
While the loss of a tenant can prove disastrous for a sole landlord in a real-estate deal, the experience of multiple investors in a Phoenix bottling plant shows that the headaches can be magnified if something goes awry in a tenant-in-common structure.
An Abu Dhabi sovereign-wealth fund is acquiring a majority stake in the Chrysler Building for $800 million.
Beijing may see higher vacancy rates and lower rents and sale prices in the months immediately after the Olympics, but property agents expect spaces to be filled eventually because Beijing remains a key city for doing business in China.
Sales of units built to sell to investors as rental properties are evaporating as financing has become more expensive and difficult to obtain and rents fall. Developers of these buy-to- let properties are getting hammered.
Future accounting rules are unlikely to require Fannie and Freddie to hold more capital, their regulator said. Shares of both rose over 11%.
IndyMac began dismantling most of its business amid heavy losses from mortgage defaults. Shares fell 38%.
IndyMac began dismantling most of its business amid heavy losses from mortgage defaults. Shares fell 38%.

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