China Vanke has scheduled a second meeting with onshore bondholders after failing to secure approval to delay repayment on a 2 billion yuan note due for payment. The move comes as the developer seeks to avoid a default during a prolonged property sector slowdown. Bond prices and equity shares reacted sharply following the rejection of Vanke's earlier proposal, reflecting investor unease. With a short grace period in place and further bond maturities approaching, analysts say negotiations will hinge on stronger credit support or partial early repayment.Read more

Dubai's residential property market is expected to remain on a growth path through 2026, supported by strong population inflows and limited availability of completed homes. While off-plan prices are likely to see steady, moderate gains, the secondary market is set to outperform due to tight supply in established locations such as Dubai Marina, Business Bay and JLT. Rising expatriate arrivals, stable economic growth and investor-friendly visa policies continue to drive housing demand. Infrastructure upgrades, low inflation and healthy rental yields are further strengthening buyer confidence. Despite new supply planned over the next two years, demand is expected to outpace additions, sustaining price momentum across key residential markets.Read more

Realia Business SA has awarded a construction contract valued at 15.3 million EUR to FCC Construccion for the development of 47 residential units in Tres Cantos, Madrid. The contract, approved by Realia’s board, reflects the company’s ongoing focus on expanding its housing portfolio in strategic locations around the Spanish capital. FCC Construccion, a leading construction firm, will manage the entire development. This collaboration underscores Realia’s commitment to timely and high-quality project execution, meeting growing residential demand in the region while leveraging the technical expertise of an experienced construction partner.Read more

Shares of data centre REIT Fermi fell sharply on Friday after a prospective tenant withdrew from an agreement to provide up to USD 150 million for the company’s Texas facility. Although talks on a possible lease continue, the cancellation has triggered investor concern, particularly as the newly listed firm has yet to generate revenue and remains in its early growth phase.Read more

Australian property firm Dexus has agreed to buy an additional 25 percent interest in Westfield Chermside, Brisbane, for AUD 683 million, doubling its total ownership to 50 percent alongside Scentre Group. This investment is part of the newly launched Dexus Strategic Investment Trust series, seeding its first fund and reflecting a 5 percent capitalisation rate. Westfield Chermside is one of Australia’s largest regional shopping centres by sales and gross lettable area and features more than 480 retailers. Scentre Group will continue managing the centre’s operations.Read more

Britain’s housing market has slowed following the recent budget, with RICS reporting new buyer enquiries dropping to -32% in November, the weakest level since September 2023. Much of the survey was completed after the government announced a planned annual tax on homes worth over £2 million, set to begin in April 2028. While the high threshold limits immediate impact, leaked budget details also dampened activity. RICS noted the market has struggled for momentum due to affordability pressures and high borrowing costs. House price readings improved slightly to -16%, suggesting moderate adjustments. Overall, demand remains cautious, especially for high-value properties.Read more

Cardinal Infrastructure Group, a Raleigh-based construction and infrastructure services company, raised about USD 241.5 million through its US initial public offering after pricing 11.5 million shares at USD 21 each. The valuation stood at nearly USD 769 million as the company prepared to list on Nasdaq under the ticker CDNL. The IPO came during a period when several other firms were also entering the market before the year-end slowdown. Cardinal, founded in 2013, has grown through acquisitions and reported stronger revenue and profit in the first nine months of this year compared with last year.Read more

Canada saw a slight increase in its household debt-to-income levels in the past quarter, reflecting the continued pressure on families from borrowing costs and slower income growth. The debt-to-income ratio inched up to 174.8%, indicating that households owed nearly 1.75 times their disposable income. National net worth recorded a modest rise to about CAD 19.38 trillion, although per capita net worth dipped to around CAD 462,747. These movements highlight ongoing financial strain on individual households despite overall national balance sheets remaining stable.Read more

Casagrand has made its international debut with the launch of Casagrand Hermina, a USD 120 million luxury residential project in Dubai Islands. The Chennai-based developer plans to build around 6 million sq ft of premium homes and mixed-use spaces across the UAE over the next three years. Casagrand Hermina will offer 131 upscale residences in a waterfront district, featuring spacious layouts, private pools, jacuzzis and modern design elements. The project is located in Dubai Islands, a key focus area under the Dubai 2040 Plan, with strong future connectivity and lifestyle infrastructure. The launch marks Casagrand's first step toward building a long-term global presence.Read more

China Vanke has asked investors for a one-year extension on a 3.7 billion yuan (around USD 525 million) onshore bond that was set to mature later this month. The proposal keeps the interest rate unchanged at 3% during the additional year. Bondholders may offer their own suggestions before the vote takes place. This request follows another extension proposal for a 2 billion yuan onshore bond due the following week, with voting already underway. The move highlights continued liquidity pressure on Vanke as China's housing market remains slow.Read more