Reaching the six-figure salary threshold may be considered a financial victory for many Americans, but in a many big U.S. cities the once aspirational milestone just doesn’t cut it anymore. In one out of four large metro areas in the United States, a family of three with a household income of $100,000 will still struggle…
Many concerned Trump tariffs will raise prices Many Americans concerned Trump’s reciprocal tariffs will raise prices 05:49 As consumers cope with lingering cost-of-living pressures and the potential impact of tariffs, CBS News is tracking the change in prices of everyday household expenses — from food to utilities and rent. Drawing from a range of government…
By Devayani Sathyan BENGALURU (Reuters) – Home prices in Australia will rise less quickly this year than previously thought, with only modest support from further interest rate cuts, according to a Reuters poll of property analysts. A shortage of new homes, together with a stretched price to income ratio after a more than 40% jump…
New World Development (NWD) on Saturday recorded a sell-out at its State Pavilia project in North Point, as “enthusiastic” Hong Kong homebuyers brushed aside the raised prices of the batch of units offered this weekend. As of 6.22pm, NWD – controlled by the family of chairman Henry Cheng Kar-shun – sold out all of the…
The default of a major Hong Kong property developer could send shock waves through the broader sector and scuttle a potential recovery in the residential market, according to S&P Global Ratings. “Hong Kong’s residential property recovery may be slipping out of view,” the credit-rating agency said in a report on Thursday. “S&P Global Ratings believes…
Hong Kong’s lived-in home prices fell in December to complete three straight years of setbacks, as geopolitical and inflation risks clouded the prospects for more interest-rate cuts by global central banks. Prices in the secondary market declined 0.65 per cent last month, following gains in October and November, according to data published by the Rating…
Hong Kong stocks trimmed the gains spurred by official data showing China’s fourth-quarter growth exceeded expectations, as investors weighed the sustainability of the recovery. A plunge in China Vanke, the nation’s biggest property developer by revenue, also tempered sentiment. The Hang Seng Index added 0.3 per cent to 19,584.06 at the close, paring a gain…
A bank trying to unload a luxury mansion in Hong Kong formerly owned by a Chinese property tycoon has slashed its price by about 60%, reflecting the tepid demand for high-end real estate. The house at 15 Gough Hill Road is on offer for about HK$700 million ($90 million) to HK$800 million, compared with a…
After launching the biggest boom in renewable power in history, China is now paying-up to make sure all that clean energy can get to homes and businesses. Spending on power transmission surged 19% to 529 billion yuan ($72 billion) in the first 11 months of last year, according to the National Energy Administration. Funding for…
China’s real estate woes look set to get worse before they get better, raising the prospect of a miserable year for property shares despite a recent bounce. Property developers in the country are still suffering from a yearslong slump that has sapped the confidence of potential buyers, caused a sharp decline in house prices and…