24 Jan 2026

Oscar-winning actor Nicole Kidman has sold one of her luxury Sydney apartments a harbourfront residence with panoramic views of the Sydney Harbour Bridge and Opera House for approximately USD 8.5 million (around INR ~70 crore), marking a profitable exit just two years after purchase. The 15th-floor three-bedroom unit in the prestigious Latitude building at Milsons Point was reportedly bought in 2023 for about USD 7.725 million, netting the actor a healthy gain on investment. Kidman owns multiple properties in the same tower and has been gradually reshaping her global real estate portfolio following the finalisation of her divorce from musician Keith Urban. The buyer is understood to be winemaker David Madson, and though details of future plans for the property aren't public, the sale attracted attention for its premium pricing in Sydney's high-end residential market.Read more

24 Jan 2026

China Vanke has secured strong creditor approval for its revised bond repayment proposal, easing concerns of an immediate default. Bondholders agreed to defer repayment of a 1.1 billion yuan onshore bond after the developer offered an upfront payment and additional collateral. The move comes as Vanke continues negotiations on other maturing bonds worth 5.7 billion yuan. While the agreement has improved short-term liquidity and lifted bond prices, the developer still faces sizeable debt obligations over the coming months amid a prolonged slowdown in China's property sector.Read more

24 Jan 2026

Dubai is poised to become one of the first global cities to introduce commercial air taxi services, with operations expected to begin by the end of this year, marking a significant milestone in urban mobility innovation. The Roads and Transport Authority (RTA) has partnered with Joby Aviation, a U.S. developer of electric vertical take-off and landing (eVTOL) aircraft, to roll out electric air taxis designed for intra-city and short-distance travel. These aircraft are capable of flying up to 160 kilometres at speeds nearing 320 km/h and produce zero operating emissions, offering an eco-friendly alternative to ground transport. The initiative aims to enhance connectivity, ease road congestion and integrate aerial mobility into Dubai's transport network, subject to regulatory approvals and operational safety clearances.Read more

23 Jan 2026

China's rural banks are facing mounting stress as they struggle to sell a growing stock of foreclosed properties, even after offering discounts of 20-30% below prevailing market prices. According to a Reuters review of listings on JD.com's asset auction platform, banks in several less-developed provinces saw a sharp rise in seized residential and commercial assets during 2025, reflecting deepening strains from the prolonged property downturn. Judicial auction failures in earlier years have left lenders holding illiquid assets, while falling home prices have eroded collateral values. Analysts warn that the problem is likely to intensify as small business loans issued during the COVID period mature and refinancing remains difficult. UBS estimates foreclosed properties could rise sharply by 2027, raising concerns over capital adequacy, asset quality and the sustainability of distressed asset disposal across China's banking system.Read more

23 Jan 2026

U.S. investors are warning that President Donald Trump's executive order restricting Wall Street firms from buying single-family homes may push house prices higher rather than improve affordability. While the move aims to reduce competition from large investors, market participants argue that the core issue remains limited housing supply. Measures such as encouraging sales to individuals and potentially allowing 401(k) funds for down payments could boost demand without addressing supply constraints. Although home price growth has slowed recently, investors fear the policy may worsen long-term affordability challenges.Read more

23 Jan 2026

ITC Properties Group Ltd has suspended trading of its shares on the Hong Kong Stock Exchange, effective from 9:00 a.m. this week, pending the release of material, non-public information. The stock, listed under code 0199.HK, is subject to regulatory procedures that ensure all investors have simultaneous access to important updates. Such trading halts are commonly used by companies to provide strategic or financial disclosures without causing sudden market fluctuations. Investors are now awaiting the announcement to understand its potential effects on the company's operations and share value.Read more

23 Jan 2026

Japanese real estate developer Mitsui Fudosan is planning to invest more than 450 billion yen (USD 2.84 billion) in rental housing projects across the southern United States by fiscal 2030. The investment targets fast-growing Sun Belt markets, including states like Texas, Georgia, and Arizona, where housing demand is rising. The company plans to fund the developments while collaborating with local contractors for construction. Mitsui Fudosan's move comes as it seeks to expand its overseas operations, diversify its portfolio, and offset slower growth and labor challenges in Japan's domestic real estate market.Read more

23 Jan 2026

Saudi Arabia's Public Investment Fund (PIF) has made its first foray into global debt markets this year, raising USD 2 billion through a 10-year Islamic bond that attracted robust investor interest. Order books crossed USD 11 billion, enabling the sovereign wealth fund to tighten pricing significantly from initial guidance. The successful issuance comes as the nearly USD 1 trillion fund continues to mobilise capital to support the Kingdom's Vision 2030 programme, which envisages large-scale investments across infrastructure, industry and the private sector. The deal also reflects sustained appetite for Gulf sovereign and quasi-sovereign debt, with rating agencies expecting the region to remain a major source of dollar bond and sukuk supply through the year, despite global economic and geopolitical uncertainties.Read more

23 Jan 2026

Cinda Real Estate Co Ltd has forecast a net loss of 7.6 billion yuan to 8.2 billion yuan for 2025, underlining the ongoing strain on China's real estate industry. The loss, equivalent to USD 1.09 billion to USD 1.18 billion, reflects weak property sales, pressure on asset values, and tight financing conditions. Despite gradual policy support for the sector, developers such as Cinda continue to face challenges from legacy projects, slow cash flows, and the need to stabilise balance sheets in a subdued market environment.Read more

23 Jan 2026

Workspace Group announced that its CEO, Lawrence Hutchings, is stepping down and will be succeeded by Charlie Green, co-founder of The Office Group. The leadership change follows pressure from major shareholder Saba Capital, led by Boaz Weinstein, which holds around 13.5% of Workspace and had recommended a managed wind-down of the company. The decision marks a significant shift in the firm's management at a time when investor influence is shaping strategic choices. Charlie Green is expected to bring new direction and experience from the flexible office sector.Read more