Dubai is one of the world’s most affordable luxury property markets, according to Knight Frank. Prices are set to rise 13.5 per cent this year after climbing 44 per cent in 2022, the most globally.

This marks the first time that statistics on homes owned by foreigners have been officially announced by the South Korean government – ascribed to President Yoon Suk-yeol’s pledge to regulate speculation on housing.

In the past year, Singapore’s median private-sector home price increased more than 8 per cent, while Hong Kong’s median home price fell 8.7 per cent, according to a new report.

Prices of lived-in homes in Hong Kong grew by 0.5 per cent in April, the least so far this year, as homebuyers weighed higher interest rates.

Recent data and trends, as well as anecdotal evidence, all point to mainland Chinese buyers going beyond Hong Kong in search of new property investments.

Senior minister Teo Chee Hean will review whether proper processes were followed in the leasing of state-owned bungalows by ministers K Shanmugam and Vivian Balakrishnan.

The Federal Reserve’s policy tightening and the recent banking-sector crisis are weighing on the US economy, which is staring at a possible recession in 2024, Daniel Ivascyn, Pimco’s CIO, tells the Post.

Financial Secretary Paul Chan has said the government will push ahead with moves to increase land supply as high housing prices remain an issue.

After a 7 per cent rise in the first quarter, sales have now slumped and sellers are slashing prices to get deals done amid a ‘downward trend’ that will last through the year, according to agents and analysts.

The number of luxury condominium units bought by buyers from China rose 158 per cent year on year in the first quarter, according to a property agency report.

Surging home prices and rents are becoming a headache for Singapore’s government as it tries to mollify citizens and remain competitive as a financial hub.

Hong Kong’s luxury home rents have turned a corner and are set to rise up to 6 per cent in the second half as foreign expatriates return, market observers said.

Homebuyers claimed nearly all 160 flats available at Sun Hung Kai Properties’ University Hill project in Tai Po on Saturday amid heightened economic confidence.

Commercial real estate deals in the rival business hubs grew in the first quarter, defying a regional rout in investment as rising financing costs sidelined potential buyers, according to financial data company MSCI.

Some 2 in 3 Singaporeans in their 20s report having to contend with the city state’s red-hot rental market due to insufficient savings. Most are ineligible for public flats until they hit 35 – unless they get married.

A flood of mainland Chinese have poured into Thailand this year, on the hunt for luxury apartments of the sort they wouldn’t be able to afford in China’s first-tier cities – as well as ‘freedom of society, and life’.

Investing in overseas property can be fraught with problems, so buyers will do well to pay a great deal of attention to the finer details, as recouping their investments can prove insurmountable, experts say.

Sun Hung Kai Properties sold all 191 flats on offer by 5.30pm on Thursday, hours after HSBC raised its best lending rate by 12.5 basis points to 5.75 per cent.

A CBRE report cites the scale of Hong Kong’s financial industry and its talent pool as key advantages, while a narrowing office-rent gap tightens the race between the perennial rivals.

Singapore is feeling the impact of geopolitics shifting the flow of direct investments and cannot ‘afford to outbid the big boys’, says country’s No 2 leader.

The Southeast Asian nation saw applications for its Malaysia My Second Home (MM2H) scheme plunge after changing asset and income requirements as the pandemic swirled.