Real Estate News

LEGAL UPDATE – Mandate restrictions easing in Queensland

IN BRIEF

The Public Health (Further Extension of Declared Public Health Emergency—COVID-19) Regulation (No. 2) 2022 was implemented only last week. However, the Premier has turned around on that announcement and has announced some of Queensland’s last remaining COVID-19 restrictions will be lifted from 1am, 30 June 2022.

Summary

Beginning this Thursday, Queenslanders will no longer require COVID vaccinations to visit aged care facilities, disability accommodation and correctional facilities.

The Premier has also announced that the high-risk worker vaccine mandate would also be revoked in schools, early childhood education, outside school care, kindergartens, family day care, police watch houses, youth

Real Estate News

Who is Ong Beng Seng, a billionaire tycoon in CPIB’s graft probe?

Billionaire hotelier Ong Beng Seng at a news conference in Singapore on 11 May 2007.

Billionaire hotelier Ong Beng Seng at a news conference in Singapore on 11 May 2007. (PHOTO: REUTERS/Vivek Prakash)

SINGAPORE — One of Singapore’s richest men, Ong Beng Seng, has been served with a notice of arrest by the Corrupt Practices Investigation Bureau (CPIB).

The billionaire hotelier, who is also reported to have played a key role in bringing the Formula 1 Singapore Grand Prix into the city-state in 2007, is allegedly linked to the corruption probe involving Transport Minister S. Iswaran.

Hotel Properties Limited (HPL), of which Ong is a co-founder and managing director, said on Friday (14 July) that

Real Estate News

Interest Rates Rise in the UK

Given that mortgage rates are set to rise because of the rising interest rates, many buy-to-let investors will be having to pay more on their mortgages as lenders raise their rates to meet the Bank of England’s base rate.

It’s worth noting that although the Bank of England is raising their rates to 5%, mortgage lenders’ rates will be a lot higher than this. Especially with buy-to-let mortgages, rates are often a lot higher than standard residential mortgages due to the higher risk of them not being repaid.

Buy-to-let mortgage repayments cover the accrued interest of the mortgage, so monthly

Real Estate News

Block 216 to Open in Downtown Portland on August 15

Published: Jun. 20, 2023 at 6:00 AM CDT|Updated: 2 hours ago

BPM Real Estate Group to make the single largest affordable housing investment in Portland’s history

Block 216 closes on additional financing to secure funding through completion

PORTLAND, Ore., June 20, 2023 /PRNewswire/ — BPM Real Estate Group announced the August 15, 2023 opening of Block 216, the 35-story mixed-use tower located in Portland’s Central Business District. Residential condominium sale closings will be scheduled for new owners of The Ritz-Carlton Residences, Portland beginning on opening day. The debut of The Ritz-Carlton, Portland the hotel will

Real Estate News

Artis Real Estate Investment Trust Unit (TSE:AX.UN) Share Price Crosses Below 200-Day Moving Average of $8.32

Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN – Get Rating) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$8.32 and trades as low as C$7.20. Artis Real Estate Investment Trust Unit shares last traded at C$7.25, with a volume of 452,415 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AX.UN. National Bankshares lowered their price target on Artis Real Estate Investment Trust Unit from C$8.00 to C$7.75 and set a “sector performing” rating on the

Real Estate News

A Guide for Landlords and Investors

What It Could Mean for Private Landlords and Investors

Landlords and investors in the private rented sector do not currently need to comply with the Decent Homes Standard. However, if the standard or an amended version of it is introduced into the private rented sector, local housing authorities will be able to apply it to privately rented properties. Landlords will need to ensure their properties are compliant with the Decent Homes Standard.

As part of the Renters (Reform) Bill, the government is planning to introduce a new digital property portal. Private landlords will be legally required to register their property

Real Estate News

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Stock Price Crosses Above Fifty Day Moving Average of $43.71

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $43.71 and trades as high as $45.76. Boardwalk Real Estate Investment Trust shares last traded at $45.71, with a volume of 300 shares trading hands.

Analyst Upgrades and Downgrades

Several equity research analysts recently commented on BOWFF shares. CIBC lifted their price objective on Boardwalk Real Estate Investment Trust from C$56.00 to C$64.00 in a report on Monday, February 27th. Scotiabank lifted their price target on shares of Boardwalk Real Estate

Real Estate News

European Residential Real Estate Investment Trust (TSE:ERE.UN) Shares Down 0.3%

European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Rating) shares were down 0.3% during trading on Monday . The company traded as low as C$3.33 and last traded at C$3.33. Approximately 11,474 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 77,120 shares. The stock had previously closed at C$3.34.

Analysts Set New Price Targets

A number of research analysts recently commented on ERE.UN shares. Cormark set a C$4.15 target price on European Residential Real Estate Investment Trust and gave the company a “buy” rating in a research note on Wednesday, March