London's pricey homes push more into mortgages



MORE home buyers are resorting to mortgages to purchase London's most expensive houses and apartments as rising prices drag them into higher tax brackets.



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Perennial CEO 'not disappointed' offer for UEL did not go through



PERENNIAL Real Estate Holdings chief executive Pua Seck Guan said he is "not disappointed" that the Yanlord-Perennial consortium's offer for United Engineers (UEL) did not go through, as it was never its intent to gain full ownership of the target company to begin with.



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Move in or pay up, mate: Australia slaps tax on 'ghost homes'



ON a wet, midweek evening when most Australians are home cooking dinner, less than a third of the lights are on in the apartments in Melbourne's Docklands. Most shops and restaurants are closed. The only people passing through seem to be on their way elsewhere.



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Australia's Fairfax Media to float lucrative property ad arm



FAIRFAX Media's shareholders are set to vote on spinning off its lucrative property advertising division, the Australian publishing giant said Friday.



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SingHaiyi-led group bags tender for Sun Rosier for S$271m



FOUR weeks after the owners of Sun Rosier condominium along How Sun Drive put up their freehold site for en bloc sale, a SingHaiyi-led group has won the tender for S$271 million, higher than the asking price.



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Cromwell Reit IPO called off



THE sizeable S$1.2 billion initial public offering of the first euro-denominated real estate trust on the Singapore Exchange is not happening.



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Shaanxi province probes banks for illegal lending to real estate



THE banking regulator of China's north-western province of Shaanxi has ordered inspections of local banks to better gauge financial risks from illegal lending to the real estate sector, two banking sources said on Friday.



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Hatten Land to raise US$20 million in convertible loan



HATTEN Land on Friday said it has entered into a convertible loan agreement with Haitong International Financial Products (Singapore) and Tan June Teng Colin, under which Haitong has agreed to extend a convertible loan of US$20 million.



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Flood, fix and flip: Houston housing investors see profit in Harvey's wake



[HOUSTON] Addressing a real estate conference in flood-ravaged Houston this month, longtime investor Ray Sasser detailed his strategy: buy up to 50 flooded homes at deep discounts, then fix and flip them for a hefty profit.



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Chinese province inspects banks for illegal lending for real estate - sources



[SHANGHAI] The banking regulator of China's northwestern province of Shaanxi has ordered inspections of local banks to better gauge financial risks from illegal lending to the real estate sector, two banking sources said on Friday.



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London's million-pound homes push more buyers into mortgages



[LONDON] More home buyers are resorting to mortgages to purchase London's most expensive houses and apartments as rising prices drag them into higher tax brackets.



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CEA fines and suspends property agent for breaching code of ethics



THE Council for Estate Agencies' (CEA) Disciplinary Committee has slapped a S$6,000 fine on PropNex Realty property agent Ng Ser Leong for two counts of breaching the code of ethics and professional client care.



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SingHaiyi-led group wins Sun Rosier tender for S$271m



A SingHaiyi-led group has won the Sun Rosier condominium tender for collective sale at S$271 million, or S$1,325 per square foot (psf) per plot, higher than the asking price.



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Advertising ghosts reappear in Sydney as buildings come down



HISTORIC adverts are re-emerging on the side of Sydney buildings to offer a brief window into the city's past, with old paintings exposed as neighbouring structures are pulled down.



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China's smaller cities also showing signs of property risk



BEIJING and Shanghai are now well known for their ballooning house prices - double-digit gains last year prompted more regulatory tightening. But the risk factors that could decide the fate of China's property boom can be found well beyond the capital and biggest city.



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