Woman faces five charges of alleged unlicensed real estate work
Singapore’s Council for Estate Agencies (CEA) has brought charges against Tan Yang Po for allegedly acting as a real estate agent without being licensed by CEA. This is the first prosecution relating to alleged unlicensed estate agency work involving the sale of overseas properties in...
Continue Reading • 22 May 2014
Economy grew more than expected in Q1
Singapore’s economy grew 2.3 percent in Q1 2014 on quarter-on-quarter basis, the Ministry of Trade and Industry (MTI) announced. This is more than the preliminary estimate of 0.1 percent, according to media reports. The growth was primarily due to the robust performance in the manufacturing...
Continue Reading • 21 May 2014
Asian investment in Germany up 916%
Levels of Asian investment into Germany’s real estate markets have grown by an astonishing 916 percent since 2011 to reach US$1.27 billion as the end 2013, according to latest data from JLL.Over the last three years Asian capital sources into Germany have increased to include Chinese and...
Continue Reading • 21 May 2014
Tenants hold the upper hand
Singapore’s soft rental market can be attributed to increased supply combined with lower housing budgets for expatriate workers, according to new research from Knight Frank.Tenants around the world, as well as in the city-state, have more bargaining power while, in many cases, landlords...
Continue Reading • 21 May 2014
Thai Martial Law: Industry reaction
Whilst the full ramifications of the implementation of Martial Law in Thailand yesterday remains unclear, many in the property and real estate sector are welcoming the move towards greater stability that perhaps signals the beginning of the end to the current confrontations. The order,...
Continue Reading • 21 May 2014
Dual-key units: The opportunities
As Singapore’s residential landscape evolves along with changing demographics and preferences in liveable spaces, innovative layout designs have been created, such as ‘dual-key units’. Knight Frank Singapore’s research department have produced an in-depth research report...
Continue Reading • 21 May 2014
Aquatic centre at Singapore Sports Hub completed
Despite teething problems, the $1.3 billion Singapore Sports Hub is on track for an opening next month, according to Singapore officials quoted in the media. The 35-hectare complex includes a 55,000-seat national stadium which features an innovative cooling system and a retractable domed roof. To...
Continue Reading • 20 May 2014
S'pore third as City of Opportunity
Singapore has been ranked third – up four positions from last year – in PwC’s sixth edition of its Cities of Opportunity report.For the first time, London posted the highest score in the 30 cities studied by PwC. The U.K. capital is the only city to finish first in three of the...
Continue Reading • 20 May 2014
Berkeley Homes is Brunei bound
Berkeley Homes, together with Singapore real estate agency Colliers International, will be making a second trip to Brunei this week after a number of successful sales were concluded during a previous venture to the state.The U.K. developer, which opened an office in Singapore last year to cater...
Continue Reading • 20 May 2014
S'poreans snap up units at Scottish student property investment
Property buyers and investors from Singapore and Malaysia have contributed to the five-month sell-out of a Scottish student property development.Clyde House in Glasgow (pictured) is the seventh development that developer Knight Knox International has sold out in partnership with Forshaw Land...
Continue Reading • 20 May 2014
Retirement housing in the spotlight
Leading real estate experts from around the region will examine the pressures and opportunities of the Asia’s senior housing market at the Retirement Living and Senior Care Southeast Asia 2014 event in Kuala Lumpur, Malaysia, which is set to take place from June 17 until June 19.Southeast...
Continue Reading • 20 May 2014
Asian buyers eye London landmark
Buyers from Asia are expected to be first in the queue for an ultra-luxury residential scheme that has just been given planning permission in Central London, and what will be the most expensive apartment development so far in Westminster.London developer Galliard Homes has received planning...
Continue Reading • 20 May 2014
Singapore showcase for prestigious Yangon development
One of Myanmar’s most prestigious residential projects is set to be showcased in Singapore this weekend.68 Residences in Yangon is being developed by well-known jewellery company Shwe Nan Taw through its property development arm United GP Development. It is being marketed exclusively in...
Continue Reading • 20 May 2014
ULI Asia Pacific Summit back for third run
The third annual Urban Land Institute (ULI) Asia Pacific Summit, titled “What’s Next? - The Dynamics of the Future”, will discuss the impact of technology, innovation and the global economy on cities and real estate.Happening from 20 to 22 May at the Grand Hyatt in Hong Kong,...
Continue Reading • 19 May 2014
Strong take up expected for Pasir Ris condo
Following a successful showflat preview, Coco Palms will be launched soon on 17 May. A joint venture by City Developments Limited (CDL), Hong Leong Holdings and Hong Realty, Coco Palms’ preview started on 3 May and more than 3,000 have visited the show flat in the first weekend...
Continue Reading • 19 May 2014
Half of Coco Palms' units sold
Coco Palms, the new 944-unit development by City Developments (CDL), Hong Leong Holdings and Hong Realty (Private) Limited, saw brisk sales when it was launched last weekend. 490 out of the 600 units released were sold as of 3 pm on 18 May. The apartments were priced at an average of $980 per...
Continue Reading • 19 May 2014
TDSR: Buyers are less affected
Going by the latest private home sales figures -- which rose 55 percent to 745 units in April -- home buying is likely to improve as buyers get used to the more stringent home loan rules, said media reports.According to Thomas Tan, Director of Remax, “People are getting used to the TDSR,...
Continue Reading • 19 May 2014
Slow resale activity in Tiong Bahru
With buyers looking forward to Keppel Land’s upcoming 500-unit condominium along Kim Tian Road in Tiong Bahru, there was not a single resale transaction recorded at the nearby existing condominiums since the start of the year.According to media reports, the 99-year leasehold Highline...
Continue Reading • 19 May 2014
London sales in SG are 'static'
EXCLUSIVE: Sales of London property at exhibitions in Singapore and Hong Kong have remained largely static year-on-year, according to internal research conducted by CBRE Singapore.Speaking exclusively to PropertyGuru, Dairen Bradshaw, CBRE’s Executive Director for International Project...
Continue Reading • 19 May 2014
Towers to target London shortage
New research by CBRE has found that the resurgence of high rise living – driven by a need to build up rather than out – means that 13,600 residential units are currently under construction in new towers in London, with a further 70,000 units now in the planning pipeline....
Continue Reading • 19 May 2014