Real Estate


Aussie firm buys Sentosa Cove project for US$46m

The Business Times reported that an Australian firm linked to tycoon Gina Rinehart’s Hancock Prospecting is acquiring two units of SC Global’s Seven Palms for S$57.2 million (US$46 million), citing sources who spoke to the paper.

CPP investing more than $1B in Australian real estate   Read more: http://www.ctvnews.ca/business/cpp-investing-more-than-1b-in-australian-real-estate-1.870303#ixzz202gAGDlj

TORONTO -- The Canada Pension Plan Investment Board is committing more than $1 billion to building two office towers in Australia, a project which it is calling its largest investment in a single real estate asset to date.

Property trusts weighed down by $20b in debt

Carolyn Cummins The Sydney Morning Day 11.08.2009
Property trusts weighed down by $20b in debt

Australian real estate investment trusts are being weighed down by more than $20 billion of debt that matures next year and, unless credit markets improve, repaying the cash will prove difficult for many.

Strong foreign demand for Australian properties

KUALA LUMPUR: Buying interest in Australian properties by Malaysian as well as other foreign investors has been on the rise the past six months and this trend is expected to continue for some time, say real estate agents and developers.

Rising sales point to housing recovery

Chris Zappone The Sydney Morning Gerald 01.06.2009

House prices bounce back

Chris Zappone Businessday 29.05.2009
Rising sales point to housing recovery

Home sales rose moderately in April, posting their fourth straight month of increases.

House prices bounce back

Australian home prices have rebounded this year, almost erasing falls recorded for all of 2008 in just four months, an industry report says.


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