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Taiwan's property sales surge as China's Chengdu cuts down payments to 15% and US real estate giants merge

Taiwan's property sales surge as China's Chengdu cuts down payments to 15% and US real estate giants merge
Moki
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The global real estate market shows a clear divergence today: Taiwan's property market remains resilient despite loan limit rumors, while Chinese local governments are intensifying efforts to digest inventory. In the US, industry giants are merging to navigate a high-interest-rate environment.

Taiwan's Property Market Defies Loan Limit Rumors with Strong July Sales

Taiwan's Property Market Defies Loan Limit Rumors with Strong July Sales

Building sales transfers in Taiwan's six major cities surged by 13.2% month-on-month in July, reflecting strong underlying demand. Despite concerns over tightening bank loan limits, buyers remain active in the market, driven by inflation expectations and long-term asset planning.

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Chengdu Slashing Down Payments to 15% to Stimulate Housing Demand

Following Shanghai's recent policy easing, the city of Chengdu has announced a reduction in the minimum down payment for new homes to 15% and added interest subsidies for provident fund loans. This move highlights the continued pressure on Chinese local governments to address the property market slump.

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Real Brokerage and Re/Max Complete Merger into 'Real REMAX Group'

Real Brokerage and Re/Max Complete Merger into 'Real REMAX Group'

US real estate technology firm Real Brokerage and traditional brokerage giant Re/Max have officially combined to form 'Real REMAX Group'. The new entity has authorized a $450 million stock buyback, signaling confidence in its ability to weather the challenging US housing landscape characterized by elevated mortgage rates.

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Hong Kong's Northern Metropolis Land Bid Awarded for HK$1.03 Billion

A consortium of six major developers has won the bid for the first residential-led site in Hong Kong's Hung Shui Kiu area. The bid reflects a cautious market sentiment regarding future supply and interest rates, even as JLL predicts a 5% rise in luxury residential rents by 2026.

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