980 buildings exempted from property tax
The Inland Revenue Authority of Singapore (IRAS) granted full or partial property tax exemptions to 980 buildings in 2013 from 650 buildings in 2000, according to media reports.Uncollected taxes from these buildings reached around $94 million last year compared to $25 million previously. This...
Continue Reading • 30 May 2014
52,000 flats built in the last three years: PM
In 2011, housing was a big concern for Singaporeans and the government mobilised all its resources to tackle the problem, Prime Minister Lee Hsien Loong said in Parliament yesterday during the debate on the President’s Address. “In the last three years, we have built two...
Continue Reading • 30 May 2014
Cuba to offer visa with property
Cuba has become the latest country to offer residency visa alongside property purchases made by overseas buyers and investors.The Caribbean island republic joins the likes of Spain, Portugal, Cyprus and Ireland as one of a growing number of countries that offer some form of residency visa with...
Continue Reading • 30 May 2014
HK 12 sqm shop sells for S$28m
A shop unit measuring just 12 sqm in Hong Kong’s Russell Street has been sold for S$28.86 million – equivalent to a staggering S$2.4 million per sqm – ranking it as the most expensive store anywhere in the world.The tenant in the record-breaking unit is a small electronic goods...
Continue Reading • 30 May 2014
Asia expansion for Luxury Portfolio
Luxury Portfolio International, the luxury marketing division of Leading Real Estate Companies of the World, has responded to increasing interest in luxury real estate from Asia by opening a corporate office in Singapore.The Raffles place office will serve the company’s existing network of...
Continue Reading • 30 May 2014
Private resale home prices down 1%
With developers launching more new units in the market, resale prices of private homes slid further in April, according to the Singapore Residential Price Index (SRPI) published yesterday.On a monthly basis, overall prices dipped by one percent in April compared to the 1.4 percent drop in the...
Continue Reading • 29 May 2014
Radiance to offer Sydney waterside living
Real estate firm CBRE has been appointed to market a new landmark residential development on the edge of Sydney’s Darling Harbour in what is touted to be one of the last remaining opportunities to own a slice of the city’s most sought after freehold, waterside real estate.Radiance,...
Continue Reading • 29 May 2014
Works on new State Courts to start in June
Construction works on the new State Courts complex is expected to begin in June, following yesterday’s ground breaking ceremony officiated by Chief Justice Sundaresh Menon.Slated for completion in 2019, the new complex will be in front of the existing octagonal-shaped State Courts...
Continue Reading • 29 May 2014
New standard for London landlords
The Mayor of London has launched the U.K. capital's first ever rental standard, a city-wide badge of accreditation that aims to help millions of Londoners rent property with confidence, and to give the city's 300,000 landlords peace of mind that they are complying with the law and doing the right...
Continue Reading • 29 May 2014
Amber Skye units priced from $1.1mil
CS Amber Development is marketing the 22-storey Amber Skye residential project, set for completion in June 2020, according to media reports.The freehold luxury residential project is nestled on 3,782 sq m of land along Amber Road in District 15. The 109-unit project is located 1.4 km from Dakota...
Continue Reading • 28 May 2014
Former crocodile farm launching as residential development
A new private property project located on the site of the former Singapore Crocodile Farm at Upper Serangoon Road is launching soon, revealed email marketing brochures from property agents. Known as One Surin (pictured), the freehold cluster housing development is being jointly developed by ACT...
Continue Reading • 28 May 2014
More foreign developers setting up Singapore offices
A growing trend is seeing established foreign developers opening sales offices in Singapore as high property prices and prohibitive cooling measures in the city-state are continuing to drive local investors to look overseas for better investment opportunities.In the space of only a few days,...
Continue Reading • 28 May 2014
Prime London to hit $21,120 psf
Property prices in London’s ultra-prime residential markets are predicted to hit £10,000 (S$21,120) per sqft within the next six months, with product rather than area driving rising prices.This prediction comes from Beauchamp Estates in its Spring 2014 Ultra Prime Market Insights...
Continue Reading • 28 May 2014
Singapore, China properties fuel KSH's growth
KSH Holdings Limited’s net profit rose 22.8 percent to a record high of $44.5 million for FY 2014, a 22.8 percent increase from $36.3 million a year before.The Group’s revenue jumped 40.1 percent to $324.5 million from $231.6 million in FY 2013, lifted by higher construction revenue...
Continue Reading • 27 May 2014
Cooling measures have been effective
The curbs imposed by the government from 2009 to 2013 have not only controlled the property bubble, they were also an important complement to monetary policy, said the Monetary Authority of Singapore (MAS) Managing Director Ravi Menon in media reports.However, as they were introduced during a...
Continue Reading • 27 May 2014
Scotland is best for UK student property investments
A new report has identified Scotland as offering some of the best investment opportunities to U.K. student accommodation property investors.In its annual report on the sector, real estate firm Savills revealed how student property investments reached £950 million during the first four month...
Continue Reading • 27 May 2014
Multigenerational condo to launch in Kovan
To meet the demand for multigenerational living, Roxy-Pacific Holdings will launch Trilive soon this year. 70 to 80 percent of the units at the luxury freehold condominium are dual-key with elderly friendly facilities, such as non-slip provisions, bigger switches, and wider spaces. There are also...
Continue Reading • 27 May 2014
Thakral to invest up to A$46.2 mil in Brisbane property project
Singapore-listed Thakral Corporation has inked an agreement with a private Australian developer to be the capital partner for a new mixed-use development in Brisbane, Australia.The move will see Thakral invest up to A$46.2 million for the iconic project, which will be launched for sale in the...
Continue Reading • 27 May 2014
Crowdfunders get first payout
Investors using Singapore-based real estate crowdfunding website CoAssets.com are expected to receive their first payout next month.South East Asia’s first real estate crowdfunding site announced yesterday that U.K. property investment opportunity Bastien Jack will be making its first...
Continue Reading • 27 May 2014
Sentosa Cove villas relaunced at 5% discount
Ximeng Land has relaunched 12 luxury villas on Pearl Island in Sentosa Cove at a discount of five percent or $2,185 psf on land area. This works out to an absolute price of around $14.3 million to $25.5 million per villa, said media reports.Last year, asking prices at the development stood at...
Continue Reading • 27 May 2014