London garage for sale at $1.06m
A single garage in the W8 area of Kensington, West London, has just been placed on the market with a guide price of £500,000 (S$1.06 million).Positioned to the west of Palace Gate and accessed via Canning Place Mews, the “discreetly located” 279 sq ft property is being offered...
Continue Reading • 8 Jul 2014
Will foreign ownership be possible after tomorrow's Indonesian elections?
Indonesians go to the polls tomorrow (Wednesday) to elect a new president, with one candidate intending to allow foreign property buyers to purchase luxury units priced at least IDR2.5 billion (S$265,000) in larger cities and on Bali.Presidential candidate Joko Widodo, known as Jokowi, suggests...
Continue Reading • 8 Jul 2014
Watch Listing isn't a worry for EcoHouse says Chief Ops Officer
Overseas property developer EcoHouse has again maintained it is not in breach of any agreements with its investors, and described yesterday morning's report it has been placed on the Investor Watch List by the Monetary Authority of Singapore (MAS) as “not news”.In an email...
Continue Reading • 8 Jul 2014
Johor tax on developers to benefit fishermen
Property developers involved in sea reclamation work in Johor will have to pay a tax of RM0.30 for every square foot, which will form part of a special aid programme for fishermen affected by the work, according to the state’s Chief Minister Mohamed Khaled Nordin and reported in the...
Continue Reading • 7 Jul 2014
Works on Tun Razak Exchange's Lifestyle Quarter to begin next year
Lend Lease has been chosen, with CBRE involved in the selection process, as a major joint venture partner for the Lifestyle Quarter of the Tun Razak Exchange (TRX), Kuala Lumpur’s upcoming financial district.CBRE is also an advisor to 1MDB Real Estate (1MDB RE), a strategic development...
Continue Reading • 7 Jul 2014
EcoHouse on MAS Watch List
Singapore’s Monetary Authority of Singapore (MAS) has placed overseas property developer EcoHouse on its Investor Alert List.The list, according to the MAS website, provides a listing of unregulated persons who, based on information received by MAS, may have been wrongly perceived as being...
Continue Reading • 7 Jul 2014
Savills announces new MD, Head of Investment Sales & Residential
Steven Ming has been promoted to Managing Director, Head of Investment Sales & Residential Services at Savills. He will have an oversight of the business space, residential sales, residential leasing, prestige homes and international residential sales businesses at the Savills Singapore...
Continue Reading • 7 Jul 2014
New transport hub in Bedok by year-end
The new Bedok Integrated Transport Hub (ITH) is expected to open in the fourth quarter of 2014, said the Land Transport Authority (LTA) in a statement. The 1.6 hectare air-conditioned ITH is linked to Bedok Mall, and there will be 400 sq m of commercial space at the hub.Equipped with barrier-free...
Continue Reading • 7 Jul 2014
Buyers gunning for homes costing up to $1.2 mil
Buyers now prefer new private houses with a total price tag of up to $1.2 million rather than pricier units, due to the introduction of the total debt servicing ratio (TDSR) framework in June 2013. In the past 12 months, sales of private homes sharply declined for units costing more than...
Continue Reading • 7 Jul 2014
MDIS awarded for green efforts
Recycling rainwater and daily rationing of aircon use are just some of the eco-friendly features at MDIS’ Stirling Road campus that helped the private school win the Best Eco Practices (Merit) Award at Eco Action Awards 2014. With these features, MDIS currently saves 100,000kwh of energy...
Continue Reading • 4 Jul 2014
Asset-rich, cash-poor citizens can appeal for help
Singaporeans who live in homes with a high Annual Value (AV) but do not earn considerable income can ask for additional subsidies from the government to cope with the higher cost of MediShield Life, according to media reports. All they need to do is write to the Ministry of Health, and the...
Continue Reading • 4 Jul 2014
Property investment opportunities abound in Thailand
The Thailand Property Show is back this weekend with Thailand’s Ambassador to Singapore, His Excellency Marut Jitpatima gracing the event with an opening address. The exhibition will feature some of the country’s best investment and residential property options. About ten real estate...
Continue Reading • 4 Jul 2014
Wealthy Asians eyeing Philippine condos
The Philippines’ property market is now witnessing more foreign buyers, according to media reports.Yield-hungry investors from Japan to Malaysia now purchase condos there in bulk, shifting money from traditional property hotspots such as Singapore and Hong Kong, where governments have...
Continue Reading • 3 Jul 2014
Property agencies team up to tackle challenging market
Four mid-sized property agencies in Singapore – OrangeTee, SLP International, Dennis Wee Realty and HSR International – have formed an alliance to better address the “shrinking pool of buyers”, said media reports.Dubbed Project Alliance Group (PAG), the alliance will rival...
Continue Reading • 3 Jul 2014
Successful launches may struggle later
The recent decline in private home prices, according to the Urban Redevelopment Authority (URA)’s flash estimate, marks the third continuous quarter of price decrease.In a statement, JLL cites the continued softening as a reflection of the imbalance between supply and demand. This has led...
Continue Reading • 3 Jul 2014
Buyer's market in 2014: PropNex
The private residential market looks to be heading towards a more muted growth trajectory with weak demand, according to PropNex.Although liquidity remains flushed in the market, the multiple rounds of government measures have effectively tightened credit and the agency believes this should...
Continue Reading • 3 Jul 2014
The Interlace clinches first Urban Habitat Award
The Interlace recently added another accolade to its list.Developed by CapitaLand Singapore and Hotel Properties, the condominium has won the inaugural Urban Habitat Award from the Council on Tall Buildings and Urban Habitat (CTBUH), a Chicago-based organisation.The award is newly established...
Continue Reading • 2 Jul 2014
PropertyGuru’s Property Outlook H2 2014
Marred by the slowing down of buying activity in the latter half of 2013, weakness in the property market continued be prevalent going into the first half of 2014.
Continue Reading • 2 Jul 2014
Sydney is world's most liveable city
Australia’s largest city is the world’s most liveable metropolis according to a recent PricewaterhouseCoopers’ (PwC) report, which compared 30 global cities on social and economic factors.London came in second followed by San Francisco and Berlin, while Hong Kong rounded out the...
Continue Reading • 2 Jul 2014
New NTU hostel to have prefabricated features
Singapore-listed BBR Holdings will build a new residence hall at the Nanyang Technological University (NTU).Its wholly-owned subsidiary, Singapore Piling & Civil Engineering, has secured a $196 million contract for this project which will built at NTU North Hill precinct.There will be six...
Continue Reading • 2 Jul 2014