Property

Singaporean group Chip Eng Seng Corporation has struck a deal to sell the White Sands Tavern development site near Scarborough beach for $24.5 million.

A depressed Western Australian housing market has hit residential builders, with the number of housing starts dropping by more than 1,500 in the 12 months to June 30, according to figures released by the Housing Industry Association.

The state government will leverage its Metronet program to drive development of urban density in Perth.

SPECIAL REPORT: Accommodation groups are betting on international students returning to Perth.

SPECIAL REPORT: Perth's hotel capacity has increased by about 30 per cent since 2012 and Business News has identified a further 3,150 rooms that are either under construction or committed, as the city's hotel sector is transformed.

The Property Council of Australia has welcomed proposed laws governing apartment projects in entertainment precincts, but has expressed caution about where the policy applies and its impact on planning approvals.

An improved result in Western Australia, despite challenging market conditions and continued falls in brick selling prices, has helped building materials company Brickworks boost underlying net profit to $223.7 million for the 2018 financial year.

Perth-based The Agency Group Australia has executed an option to acquire east coast real estate group Top Level for $5.5 million, while also announcing an $8.4 million capital raising and a $5 million debt conversion deal.

Property developer Carmel Group and Aegis Aged Care Group have been chosen to build a $100 million multigenerational development at the former Joondalup Basketball Stadium.

New data from the Australian Bureau of Statistics shows a less severe annual decline in Perth house prices than other sources.

Maddington-based civil contractor All Earth Group, which held contracts on two state government projects, has gone into voluntary administration.

New research from Moody's Analytics has forecast Perth house values to fall slightly in 2018, and again in 2019, before a slow recovery in 2020.

BGC Development's Westin Hotel and Hibernian Place development was picked as the top project in Western Australia in this year's Urban Development Institute Australia WA awards.

Apartment developer Blackburne is proceeding with its Marina East project on the Ascot marina, with a construction contract awarded to local builder Georgiou Group.

Singapore company Sincap Group has announced a settlement of its long-running commercial dispute with three directors of Perth property developer Devwest Group.

International serviced office provider Regus is close to finalising a lease for new office space at Raine Square, being developed by Charter Hall Group.

The state government has failed to attract a hotel developer at Albany's Middleton Beach, with a recent expression of interest process bringing no suitable submissions.

Apartment developer Finbar Group has bought the final stage of the Symphony City development site in East Perth from its joint venture partner Ventrade Australia for $4.5 million.

Mining services, logistics warehousing and food services firms are boosting demand for industrial property.

Perth company Parkd has struck a deal with property developer Vector Management to evaluate construction of a $9 million car park in the inner city, while the state government has announced plans for a $32 million car park at Forrestfield.

Jobs growth at Perth Airport was three times that of the CBD between 2011 and 2016 as property development in the area expands.

Jaxon has re-emerged as a major contractor in the Perth market with big plans for the near term after six decades in the business.

Housing affordability in Perth continues to improve, according to a report from CoreLogic.

The Western Australian Planning Commission is weighing its options after losing a recent appeal against a Board of Valuers' decision.

Sirona Capital has engaged Colliers International and CBRE to offer its 5,706 square metre shopping centre in Margaret River to the market.

The Perth residential rental market continues to show signs of improvement, with the vacancy rate falling to 4.5 per cent in August, according to the Real Estate Institute of Western Australia.

The first stage of the Mojo Urban Living estate in Cockburn Central North was launched last week, offering the first terrace-style homes in the area.

For every winner there's a loser, and so it will be the case if the $A continues its downward trajectory.

Perth house prices have fallen for a fourth straight month, after registering a 0.6 per cent decline in August, according to the latest data from CoreLogic.

The first increase in Perth's office sublease space in almost three years is an indication of growing confidence in the market, according to CBRE.

WA dwelling approvals are 9 per cent lower than 12 months ago, although they have improved moderately in the past three months.

August property deals.