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Real Estate

HUD awards $35 million to promote housing independence

In order to help low-income residents earn housing independence, the U.S. Department of Housing and Urban Development announced an award of $ 35 million. This money will go to public housing authorities, public housing resident associations, Native American tribes and nonprofit organizations across the U.S. It will help these organizations hire or retain service coordinators who help residents find jobs, ...

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Dubai's real estate slump to last until 2020: S&P

Tue, Feb 20, 2018 – 6:21 PM [DUBAI] Dubai real estate prices could decline by 10 to 15 per cent over the next two years, hit by new supply, geopolitical risks and the introduction of value added-tax in the United Arab Emirates, S&P Global Ratings’analysts said on Tuesday. The grim prediction came after Dubai residential prices fell by 5 to ...

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IHG puts special payouts on ice as it announces new strategy

Tue, Feb 20, 2018 – 4:19 PM [NEW YORK] InterContinental Hotels Group (IHG) said it would not pay out any additional capital to investors in 2018 as it announced a better-than-expected profit for 2017 and a new strategy to speed growth. The operator of Crowne Plaza, Holiday Inn and InterContinental hotels plans to launch an upscale brand in 2018 and ...

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IHG puts special payouts on ice as it announces new strategy

Tue, Feb 20, 2018 – 4:28 PM [BENGALURU] InterContinental Hotels Group (IHG) said it would not pay out any additional capital to investors in 2018 as it announced a better-than-expected profit for 2017 and a new strategy to speed growth. The operator of Crowne Plaza, Holiday Inn and InterContinental hotels plans to launch an upscale brand in 2018 and to ...

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Dubai property firm Meraas hires Kuwait sovereign fund executive as CEO

Tue, Feb 20, 2018 – 2:45 PM [lONDON] Dubai government-linked property firm Meraas Holding has hired Osama al-Ayoub, a senior executive at Kuwait’s sovereign wealth fund, as its chief executive officer, the company said. Mr Al-Ayoub has more than two decades of experience in managing sovereign wealth funds, Meraas said on its website. He served as the president and CEO ...

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Singapore property stocks fall on higher tax for home purchases

Tue, Feb 20, 2018 – 10:00 AM [SINGAPORE] Singapore property stocks declined on Tuesday after the government raised taxes on home purchases of more than S$ 1 million, just as the housing market starts to recover from a four-year slump. UOL Group and City Developments fell more than 2 per cent in early trading, making them the biggest decliners on ...

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Higher home buyer tax seen cooling Singapore's collective sales frenzy

Tue, Feb 20, 2018 – 11:23 AM [SINGAPORE] Singapore’s move on Monday to raise stamp duty on expensive home purchases is likely to dampen the recent wave of redevelopment sales in the city-state’s recovering property market, analysts said. From Tuesday, the wealthy city-state will apply a new top marginal rate of 4 per cent stamp duty on the portion of ...

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Developers may see post-Budget knee-jerk dip: analysts

Tue, Feb 20, 2018 – 10:09 AM THE higher buyer’s stamp duty announced in Budget 2018 could trigger a knee-jerk reaction in developer stocks, according to analysts. But they continued to keep a bullish stance on property plays, noting that the impact on demand would be marginal. On Monday, Finance Minister Heng Swee Keat announced that the government will raise ...

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