Rising interest in French property
Enquiries for French properties at one real estate firm have more than doubled in the last 12 months.Knight Frank’s French sales team have reported the significant rise in interest from potential buyers, with the number of registrations between January and May this year more than double the...
Continue Reading • 5 Jun 2014
Hua Hin clearwater lagoon will be the largest in Asia
Thailand listed property developer Pace Development Corporation plans to complete what will be Asia’s largest clearwater lagoon in December this year.The 45-rai, THB600 million (S$23.1 million) lagoon is located inside the 120-rai MahaSamutr ultra-luxury villa and country club resort...
Continue Reading • 5 Jun 2014
Sales momentum drops after launch
Property developments that registered brisk sales during their launches seem to have waned as home buyers take their time to snag the best buy.World Class Land’s Waterfront@Faber condo, for instance, sold 86 units at an average price of $1,280 psf since going on sale two weeks ago.The...
Continue Reading • 4 Jun 2014
Asian buyers dominate Gosford
Asian buyers are dominating the real estate market in the Australian city of Gosford, and account for 50 percent of enquiries for some properties according to one local real estate firm.Buyers from across the Asia-Pacific region have been looking at properties ranging from entry-level apartments...
Continue Reading • 4 Jun 2014
Australian interest rates unchanged
Yesterday’s decision by the Reserve Bank of Australia's to leave interest rates on hold at 2.5 percent has been heralded as welcome news for variable home borrowers, bringing repayment relief for at least another month.Alex Parsons, Chief Executive Officer of financial comparison website...
Continue Reading • 4 Jun 2014
UK village up for sale
An entire village in the southwest of England is being marketed for sale with a price tag in excess of £11.5 million (S$24.18 million). The Bantham Estate in south Devon (pictured) is on the market for the first time in 90 years through estate agents Strutt & Parker. It features 21...
Continue Reading • 4 Jun 2014
Infrastructure finance boost for Asia
Asia’s gross domestic product (GDP) can rise by as much as 2.5 percent over 10 years by improving financing options for infrastructure projects.Singapore’s Minister for Trade and Industry, Lim Hng Kiang, was speaking at the World Bank Singapore Infrastructure Finance Summit at the...
Continue Reading • 4 Jun 2014
RM2m limit for Johor landed homes
The ruler of the Malaysian state of Johor has backed plans for a new RM2 million ceiling for foreign buyers of landed property in the state.The Sultan of Johor, Sultan Ibrahim Sultan Iskandar, said earlier this week that the current RM1 million limit is unsuitable for Johor. He also expressed his...
Continue Reading • 4 Jun 2014
Colliers appoints Paul Baxter as COO for Asia
Colliers International will welcome Paul Baxter (pictured) as its Chief Operating Officer (COO), Asia as of 2 June 2014. With more than 15 years in the real estate industry, Baxter will focus on operations and strategic initiatives to execute on Colliers’ growth plans for Asia.As the...
Continue Reading • 3 Jun 2014
Savills acquires Studley for US$260m
Savills has completed its acquisition of US commercial real estate services firm Studley Inc in a deal valued US$260 million (S$326.7 million).The combined business will be re-branded as Savills Studley.Jeremy Helsby, CEO of Savills Plc, said: “This deal brings the top US tenant...
Continue Reading • 3 Jun 2014
24% of S'pore buildings are green
The Building & Construction Authority (BCA) has granted the Green Mark certification to about 2,000 new and existing buildings in order to give recognition for their use of eco-friendly features.Apart from being a record number, the figure accounts for more than 24 percent of all buildings in...
Continue Reading • 3 Jun 2014
New study aims to promote walking, cycling in S'pore
Move over drivers. That seems to be one of the takeaways of a new research study which has called for a shift from a motorist-oriented to a people-first approach in tropical cities.Conducted in March by the Urban Land Institute (ULI) and the Centre for Liveable Cities (CLC), together with Danish...
Continue Reading • 3 Jun 2014
New Chestertons brand unveiled
Unveiled in April at the Mandarin Oriental Hyde Park in London, the new Chestertons brand retains the company’s purple colour and features a logo with a unique device on the letter ‘n’. The new branding will be a regular high street fixture from June. Chesterton Global CEO,...
Continue Reading • 2 Jun 2014
Govt unlikely to remove curbs soon
Home prices are likely to fall further before the government rolls back the property cooling measures which were imposed since 2009, according to Standard Chartered in media reports.“You would start to take away some of these measures if price growth reaches a certain level of...
Continue Reading • 2 Jun 2014
Thailand recovery imminent
Thailand’s property and real estate market will recover in the latter half of this year, according to the kingdom’s Real Estate Information Centre.Samma Kitsin, Director-General of the organisation, revealed that condominium sales in dropped 40 percent year-on-year during the first...
Continue Reading • 2 Jun 2014
Singapore investors tempted by Cambodian mega development
Cambodia has not been on the overseas property investment radar for many Singaporeans in the past, however recent marketing of a development in Phnom Penh has shone the spotlight on the Southeast Asian nation.Developed by Singapore’s Oxley Holdings and Cambodia’s World Bridge Land,...
Continue Reading • 2 Jun 2014
Eye on Pasir Ris: Going Back East
Tucked away in the east, Pasir Ris remains a popular estate supported by good amenities and infrastructure as Muneerah Bee discovered. Pasir Ris may be the last stop on the East-West MRT line, but with the high number of residents calling it home, it seems to have defied the perception of being a...
Continue Reading • 30 May 2014
Govt projects affected by foreign worker shortage
Over the past two years, HDB has granted 36 projects some form of time extension.In response to a query in Parliament yesterday, the Ministry of National Development (MND) said the reasons for these extensions include changes in design beyond contractors’ control, or exceptionally bad...
Continue Reading • 30 May 2014
Tokyu Livable partners OrangeTee as an anchor investor
Tokyu Livable, one of Japan's largest real estate services firms, has acquired 22.5 percent shares in OrangeTee. The new partnership will enable OrangeTee and Tokyu Livable to tap on each other’s network of investors, expertise and in-depth knowledge of the real estate markets in the region...
Continue Reading • 30 May 2014
Govt may further trim confirmed list supply: experts
Majority of property consultants polled by the media expect the government to further reduce land supply for private housing development in the confirmed list in the upcoming H2 2014 Government Land Sales (GLS) Programme, given the sharp decline in home sales as well as the substantial supply...
Continue Reading • 30 May 2014