News about real estate

China's GDP grew 4.5% year on year in the third quarter of 2026, beating the 4.4% forecast and rebounding from 4.3% in the second quarter, a three-year low. Growth averaged 4.6% over the first nine months, in line with Beijing's 4.5%–5% target for the year, driven by tech exports and a record monthly trade surplus of US$133.5 billion. However, retail sales rose only 1.1% in September, urban fixed-asset investment fell 7.2% and property development investment slumped 20.6% in the first nine months. Producer prices rose 5% mainly on fuel costs, while consumer inflation stayed below 1%, pointing to weak domestic demand. Economists said the prolonged housing crisis and supply-demand imbalance may limit spillovers, and the strong data could reduce pressure on Beijing to deploy needed stimulus.

China's economy grew 4.5% in the third quarter, beating forecasts, as strong exports offset weak consumer spending and a prolonged property downturn. Analysts expect Beijing to reach its 2026 target of 4.5%-5.0% without additional stimulus, but warn that growing reliance on external drivers is deepening structural imbalances. Retail sales again lagged industrial output, fixed-asset investment fell 7.2% in January-September, and the job market has weakened. The yuan firmed to its strongest level since July 2022 on Monday.

China's economy grew 4.5% year on year in the third quarter, faster than the 4.3% in the second quarter and the 4.4% median forecast, lifting growth for the first nine months to 4.6%, within the 4.5%-5% annual target. ANZ's Xing Zhaopeng said bigger fiscal spending helped investment and retail sales, but the recovery remains unsolid and carries downside risk into 2027. Stronger data may give policymakers room to hold off on more easing, though property investment fell 20.6% in the first nine months and domestic demand is still soft. Exports are propping up growth, and the trade surplus is on track to exceed last year's $1.2 trillion record, drawing pressure from trade partners who want a stronger yuan, which the IMF sees as undervalued by a midpoint of 21.3%.

At the Group 3 session, Prime Minister Lê Minh Hưng asked National Assembly deputies to keep contributing to the draft amended Law on Property Auctions, focusing on four issues: the scope of application and selection of auction organizations; participation, bidding and deposits; online auctions and bid increments; and cancellation of auction results and protection of bona fide buyers. For auctions of land-use rights, the process must be linked to the land pricing mechanism under land law. The Prime Minister stressed that the most important goal is controlling prices of social housing, rental housing and housing for policy beneficiaries and low-income people, preventing abnormal and unreasonable price spikes. The high-end segment can develop according to market demand, while related laws must be harmonized.

China's economy grew 4.5% in the July-September quarter from a year earlier, beating expectations and up from 4.3% in April-June, which was the slowest pace in more than three years. The growth brings Beijing closer to its 2026 target of 4.5%-5%, although the IMF has cut its forecast for China to 4.5%. Exports rose 36% last month, and the trade surplus reached $938 billion between January and September, putting China on course to exceed last year's record $1.2 trillion, driven by high-tech goods and electric and hybrid vehicles. Domestic demand remains weak amid the property downturn, and analysts say the headline figure hides wide gaps across industries, regions and households. The EU and China agreed this month to roughly halve Chinese hybrid vehicle imports over the next few years, but European countries are considering further curbs on Chinese products.

Prime Minister Lê Minh Hưng called for tight control over the prices of social housing and rental housing so that low-income people and policy beneficiaries can access homes without unreasonable or sudden increases. Speaking during a National Assembly group session on the draft amended Law on Asset Auctions, he said auction procedures must be carefully reviewed against related laws, including the Land Law, Housing Law and Real Estate Business Law. He noted that auctioning land-use rights is key to allocating land to investors, and localities will set land price frameworks and adjustment coefficients. He also warned that unclear or incomplete implementing rules would make it hard for localities to apply the law.

Rising interest rates threaten to derail the already fragile recovery in global commercial real estate, forcing many deals to be repriced sharply or put on hold. US 10-year Treasury yields have risen above 5.3%, up from about 4% at the end of February, driven by inflation linked to the Middle East conflict and climbing borrowing costs. Some investors are negotiating discounts of a few percent, including one company seeking a 5% cut on a $100 million industrial deal agreed three months ago. Office construction starts in the UK rose 23% in the third quarter, but on a rolling 12-month basis they remain near a 15-year low. Experts say the current price adjustment is less severe than in 2022.

Fannie Mae sharply raised its forecast for the average 30-year fixed mortgage rate, now seeing about 7.4% in Q4 2026 and around 7.5% through 2027, up from 6.8% and 6.7% previously. The author argues the low pandemic-era rates were an anomaly created by extraordinary Federal Reserve intervention, and current rates reflect 3.7% inflation, over $40 trillion in federal debt and rising Treasury yields. On a $350,000 mortgage, the monthly principal and interest payment would be about $2,447 at 7.5% versus about $1,476 at 3%, nearly $1,000 more. Pending home sales fell 8.5% in September from a year earlier, a sign of affordability strain that the author says will force the housing market to adjust to the price of money.

As of October 14, 2026, outstanding credit to the economy reached 20,721,583 billion dong, up 11.44% from the end of last year and 16.73% year-on-year. On the morning of October 19, State Bank of Vietnam (SBV) Governor Phạm Đức Ấn met with chairs and CEOs of commercial banks, and the banks agreed to cut interest rates. Specifically, listed deposit rates for terms of 6 months or more will fall by at least 0.5%/year, while lending rates will drop by 1.5–2%/year, focusing on production, business and priority sectors. The backdrop includes Middle East conflict driving up oil prices, several major central banks raising rates and a stronger US dollar, all of which pressure Vietnam's monetary policy. The SBV also asks banks to channel credit into production and business while tightly controlling lending to risky sectors, including real estate.

China's third-quarter GDP grew 4.5%, beating forecasts and rebounding from three-year lows as booming exports offset weak consumer spending. Analysts expect Beijing to meet its 2026 target of 4.5% to 5% without additional stimulus, but warn that reliance on external drivers is deepening structural imbalances. Retail sales rose 1.1% in September, lagging industrial output growth of 5.5%, while fixed-asset investment fell 7.2% in January-September and the property sector remains in a downturn. Exports rose more than a third, and trade surpluses with Germany and France each jumped over 200% in September, prompting the EU to plan further curbs.

Novaland (NVL) has extended the timeline of its rights offering to existing shareholders: the subscription rights transfer period now runs to November 23 (from October 26), and registration and payment to November 26 (from October 29). The offering of up to nearly 800.7 million shares at a 3:1 ratio and VND 10,000 per share is expected to raise about VND 8,007 billion. Of this, VND 5,953.3 billion will repay part or all of the principal on 13 of the company's bonds, VND 916.3 billion goes into Nova Saigon Royal Real Estate Investment Co. Ltd., and VND 1,137.3 billion into No Va Thảo Điền Co. Ltd., both to repay bonds of those entities. Payments are scheduled for Q4 2026 to Q1 2027 and may be adjusted to market conditions. This is one of three capital-raising plans shareholders approved in July, alongside a private placement of up to 800 million shares and an ESOP of over 111.7 million shares.

China's economy grew 4.5% year-on-year in the July-September quarter, up from 4.3% in April-June and better than expected, driven by robust exports. Domestic demand remains weak amid a prolonged property slump, and analysts warn the headline growth figure increasingly masks widening disparities across industries, regions and households. Exports rose 36% last month, and the trade surplus reached $938 billion from January to September, putting China on track to surpass last year's record $1.2 trillion. The EU, which runs a trade deficit with China of more than $1.1 billion a day, has agreed with Beijing to roughly halve Chinese hybrid vehicle imports over the next few years, though pressure for further curbs continues. China's growth target for the year is 4.5%-5%, and the IMF recently trimmed its 2026 forecast for China to 4.5%.

Industrial output in China rose 5.5% year on year in September, above the 5.4% forecast and up from 5.2% in August, while retail sales of consumer goods grew 1.1%, more than double the expected 0.5%. The NBS manufacturing PMI climbed to 50.1 from 49.8, back above the 50-point expansion threshold. Third-quarter GDP grew 4.5% year on year, beating the 4.4% forecast, and the urban unemployment rate eased to 5.2% from 5.3%. Investment remained weak, with fixed-asset investment down 7.2% over January to September and real estate development investment down 20.6%, while services sales rose 5.0% against 1.0% for goods over the first nine months.

According to Rightmove, asking prices for homes newly listed in London rose 2.5% between September 12 and October 10, while Inner London rose 3.9%, unlike the national decline of 0.1%. London's rise followed a weak summer, when asking prices fell 6% across July and August, and sellers hope to capitalize on buyers wanting to move before Christmas. Rising mortgage rates have added about £250 to new mortgage payments since February, and sales agreed were 8% lower and buyer inquiries 9% lower than a year earlier. Listings remain at their highest level for this time of year since 2014, 38% of homes have had price cuts, and offers take 78 days (11 weeks) on average to be accepted. Rightmove suggests some London sellers may be too optimistic on price.

SJS shares of SJ Group rose 6.3% to 57,100 VND on October 16, touching the ceiling price at one point after hitting the daily limit on October 15, which lifted market capitalization to nearly 17,000 billion VND. In the consolidated Q3 2026 report, net revenue reached 1,785 billion VND, 67 times the year-ago level, and after-tax profit reached 1,012 billion VND, 327 times higher, driven by continued sales at the Nam An Khánh project. For the first nine months, revenue rose 586% to 2,543 billion VND and after-tax profit rose 720% to 1,432 billion VND. Buyer prepayments at the project fell to nearly 13.4 billion VND from nearly 679 billion VND at the start of the year, while total liabilities fell 14% to 3,785 billion VND and equity rose 41% to 4,871 billion VND.

General Director Bùi Văn Huy of FIDT says the VN-Index's P/E of about 12 times (about 10 times excluding the Vingroup group) looks more attractive, but weak liquidity makes gradual accumulation the more suitable approach. He notes that investors who have not yet deployed capital could test with 20–30% of their planned amount, keeping the rest in deposits or short-term bond funds, while reviewing funds heavily concentrated in a few stocks. FIDT's estimates show Q3 2026 profit growth diverging sharply: residential real estate up 185%, oil and gas up 141%, retail up 90.9%, steel up 40.8%, while construction is seen falling 85.8%. However, excluding Vinhomes (VHM), the remaining residential real estate companies' profits are estimated to fall about 0.4%, indicating that growth is concentrated in large sector leaders.

MarketBeat's stock screener lists five real estate stocks to watch today: Blackstone (BX), Crown Castle (CCI), Equinix (EQIX), Prologis (PLD) and Digital Realty Trust (DLR), which had the highest dollar trading volume in recent days. The article notes that real estate stocks, including REITs, may offer dividend income and price appreciation but are affected by interest rates, property values, economic conditions and market cycles. Blackstone is an alternative asset manager, Prologis is a global leader in logistics real estate, and Digital Realty Trust operates data center, colocation and interconnection solutions for industries including AI, cloud and financial services.