Property developers stories
Hong Kong tops the global list for home prices, with an average residential property costing USD $1.23 million despite pandemic uncertainty.
Lockdown failed to cool Auckland’s housing market, as August sales hit a five-year high and prices reached fresh records.
Auckland landlords and developers now face slower office demand and delayed projects as COVID-19 and recession fears cloud the recovery.
Affordable townhouse projects in Auckland will get a lift as the non-bank lender commits GBP £75 million to new residential developments.
Transaction volumes are expected to fall sharply after lockdown, with weaker demand and limited listings likely to push prices lower.
Hundreds of millions in rent and project revenue are at risk as New Zealand's commercial property sector warns of wider economic damage.
Bond markets and prolonged virus disruption could strain weaker firms, with airlines, shipping and non-food retail facing the biggest risk.
Passengers could soon book flying taxi trials in Melbourne or Sydney, as Uber prepares to name its first international test city on Monday.
The project will add a 3,000sqm town square and mixed-use buildings to central Takapuna, with work expected to begin from mid-2020.
Automation is becoming a priority for commercial real estate firms, even as many still rely on spreadsheets and play catch-up on digital tools.
Limited prime office stock is pushing Auckland CBD rents and yields higher, as hotel conversions leave developers short of sites.
Affordable housing will remain out of reach unless ministers back new greenfield development and broader planning reform, an expert warns.
A nationwide shortage of listings pushed New Zealand house prices up 6.2% in July, though Auckland remained virtually flat.
Auckland’s city fringe is bucking the downturn as higher-quality apartments there now command an average asking price of NZD $1.35 million.
Tenants and landlords may need to rethink parking, charging and delivery space as autonomous vehicles alter how commercial sites are used.
Timber is giving Australian builders a cost and speed edge as a Rotorua conference spotlights its growing use in commercial construction.
Home owners and developers will get free expert advice on permits, costs and planning as Jalcon opens a new Design and Build Hub.
A coordinated overhaul could unlock more homes in Auckland, after a taskforce report highlighted the barriers holding back development.
A record 82 projects are in contention for New Zealand’s top property prizes, with winners to be revealed at a sold-out Auckland gala.
Rising finance costs and subcontractor shortages are likely to delay some Auckland projects as construction inflation remains elevated.
