Meanwhile, China’s central bank has been on an easing trajectory, with its latest decision in February cutting 25 basis points from banks’ five-year loan prime rate (LPR), the largest shave since the LPR was designated as the main rate benchmark in 2019. People take pictures in the Shinjuku area of Tokyo on March 30, 2024.
Commercial real estate firm CBRE has secured a $35.25 million construction loan for Bella Olivia, a 112-unit build-to-rent community in Peoria. Bella Olivia will be located at 9625 W. Olive Ave. in the southwest part of the city. The property is currently under construction and will open this summer, according to a news release. Bruce
Hong Kong-based property bears topped the world in their pessimism, as a mix of high interest rates and a slumping economy with weak demand dampened any interest in buying assets, according to a study by the consulting firm CBRE. The net buying intention of Hong Kong-based professional property investors remained at negative 11 per cent