Property News

Falling mortgage rates and strong employment drove consumer confidence in housing to a record high in July, according to a monthly index from Fannie Mae.

Homeowners rushed to take advantage of a sizable drop in mortgage interest rates, but potential homebuyers were unimpressed.

Andrew Lim of CapitaLand Group says it is "very likely" that Chinese authorities will launch more economic stimulus and the real estate industry may benefit from that.