Official data shows that new-home prices in China fell at the fastest rate in nine years last month, Reuters reports. They dropped 0.7% in May from the previous month, Reuters…

A controversial project to reorganise the rail network around Stuttgart has been delayed by more than a year, reports Der Spiegel. The Stuttgart 21 scheme involves building a main underground…

Australian construction group Lendlease has announced plans to exit international markets in the next 18 months. The move will allow the company to “recycle” US$3bn in capital by completing projects,…

Kenya has secured $3.6bn of funding for a 440km motorway between the capital of Nairobi and the port city of Mombasa. The Usahihi Expressway is set to become the longest…

Hong Kong police have launched an investigation after an employee of engineering consultant Arup was tricked by deepfake imagery and sound into sending criminals HK$200m (US$25m) earlier this year. Arup…

US President Joe Biden’s bipartisan Infrastructure Investment and Jobs Act (IIJA) will save the average American household nearly $700 a year in the coming two decades, but that gain will…

New York City is trying to break free from state rules requiring the use of lowest-bidder contracting, rallying at City Hall last week under the slogan “Let NYC Build Better,…

Spain’s Ferrovial launched on New York’s Nasdaq stock exchange yesterday, meaning its shares are now trading in the US, Spain and the Netherlands under the ticker symbol “FER”. It called…

Academics at Michigan University argue that China’s property-sector woes may have causes beyond the overambition of developers and the government’s actions to limit the ballooning debt in the sector. Led…

Police in Florida have arrested 16 men in a sting operation designed to detect contractors trading illegally. The sting was carried out in Manatee County over three days in April.…

London has once again become the world’s most expensive city to build in, after briefly losing the dubious honour to Geneva last year. The ranking of the world’s 10 most…

Building permits for apartments in Germany fell by 18% in February compared with February 2023, official statistics reveal. The Federal Statistical Office said the figure was 35% less than in…

Dubai-based Samana Developers today said it will award 18 construction contracts as it spends $3.4bn on new residential projects in its home city this year. The company will prioritise waterfront…

The largest landlord in Germany reported a loss of €6.8bn last week after writing down the value of its property portfolio. Shares in Vonovia fell more than 7% in the…

Two South Carolina men have pleaded guilty in federal court to charges of executing a fraud scheme against the US. They face maximum sentences of 10 years in prison and…

Thailand’s biggest contractor is talking to banks about loans as it faces a liquidity crunch, Bangkok Post reports. The Italian-Thai Development company (ITD), founded in 1958, said the talks followed…

Construction activity in Argentina fell 22% in January compared with the same month in 2023, and declined 10% in the month from December, says a report from Indec, the official…

The chairman of South Korean residential developer Booyoung Group is offering employees a bonus of $75,000 if they have children, The Chosun Daily reports. 84-year-old Lee Joong-keun began the scheme…