Category : International Real Estate

Australia’s leading brick manufacturer, Brickworks, has reported a significant financial setback, swinging to a full-year loss for the first time in recent memory. This downturn is attributed to a substantial decline in building activity across the country.   The company recorded a statutory net loss of A$118.9 million (US$81.10 million)

Sydney, Australia – September 23, 2024: In a strategic move to consolidate its position in the global real estate market, Australia’s leading online property portal, REA Group, has sweetened its takeover offer for Britain’s Rightmove. The revised offer, valued at approximately $8.1 billion, represents a significant increase from the initial

Karnataka Minister D.K. Shivakumar has expressed his admiration for New York City’s iconic skyline, particularly the towering skyscrapers that adorn its landscape. After a recent visit to the Top of the Rock observation deck at Rockefeller Center, the minister was visibly impressed by the city’s architectural marvels and their ability

Pune, September 12, 2024: Technology giant Microsoft has further solidified its presence in Pune’s thriving IT hub, Hinjewadi, by acquiring a substantial 16.4-acre land parcel for a staggering ₹520 crore. This strategic move underscores Microsoft’s commitment to India and its plans for future growth in the region. The newly acquired

Indonesia’s state-owned construction firm, PT Waskita Karya (Waskita), has secured a vital lifeline from its creditors. After a successful negotiation process, Waskita signed a debt restructuring agreement with 21 banks, both domestic and foreign, for a staggering $2.05 billion (Rp 29.2 trillion). This significant debt relief package comes as a

In a bizarre turn of events, a home in the United States has been listed for sale, despite being completely crushed by a fallen tree. The property, located in the town of West Hartford, Connecticut, has become a spectacle for locals and a perplexing proposition for potential buyers. The incident

China’s once-booming housing market is facing headwinds, prompting the government to consider a strategic intervention. Financial regulators are mulling a potential reduction in mortgage rates for existing loans, aiming to inject some much-needed relief into the sector. The proposed plan involves a two-phased decrease in mortgage rates, totaling 80 basis

The Global Branded Residence market is growing at a notable pace of 12% yearly. Across the globe, branded residence market is expanding its footprint in USA, Thailand, UAE, Portugal, Greece, UK, Brazil, Vietnam, etc. Resurgence in luxury travel, growing propensity to own lifestyle assets, and perception of real estate as

Country Garden, once a beacon of China’s real estate boom, is now emblematic of the sector’s deepening crisis. The developer’s July sales plummeted by a staggering 72% year-on-year, following a similar 73% decline in June. This dramatic freefall underscores the company’s precarious financial position and the broader challenges facing China’s