UOL records growth in 1Q 2014
UOL Group Limited announced a 69 percent rise in net attributable profit to $120.8 million for Q1 2014, from $71.7 million in Q1 2013.The increase was mainly due to the land sale in Malaysia, which netted a gain of $44.3 million. The Singapore-listed group’s revenue rose 65 percent to...
Continue Reading • 8 May 2014
Chinese investing around the world
Chinese outbound property investment increased by 25 percent to US$2.1 billion last year according to the latest figures from JLL, but while Chinese institutional investors are still major buyers of commercial property, the real growth has been in the purchase of residential land for...
Continue Reading • 8 May 2014
Exclusive Fiji resort on the market
The Koro Sun Resort & Rainforest Spa in one of Fiji’s most exclusive hotel pockets has been listed for sale through CBRE Hotels and Wests Realty Fiji.Strong growth in Fiji’s tourism market is expected to underpin significant interest in the recently expanded resort, which...
Continue Reading • 8 May 2014
Savills pushes into Indonesia
Global property adviser Savills has established a presence in Jakarta, Indonesia – PT Savills Consultants Indonesia. Chris Marriott, Chief Executive Officer of Savills Southeast Asia and Board Director of the Indonesian operations, said: “I am delighted to be opening our...
Continue Reading • 8 May 2014
Revealed: Singapore's richest real estate families
Members of the Kwee and Hiranandani families took six of the ten spots on a Wealth-X ranking of Singapore's wealthiest real estate tycoons, according to new research. Collectively, the six brothers from these two families hold US$7.2 billion in assets – nearly half of the US$15.57 billion...
Continue Reading • 8 May 2014
Singaporeans primarily invest their cash at home
Singaporeans invest mainly at home compared to other investors around the world, revealed a survey of 4,320 investors across 20 countries, as reported in the media.Conducted by Legg Mason Global Asset Management from December 2013 to January 2014, the survey found that 59 percent of Singaporean...
Continue Reading • 7 May 2014
Why now is the time to revisit HCMC
Many people are questioning whether now is the time for property investors to return to the Vietnamese market.Marc Townsend, Managing Director of CBRE, said: “The property market sees many good pedestals, from the economy’s recovery to support policies, etc. It is the time for...
Continue Reading • 7 May 2014
Property will be key issue for British electors in 365 days from now
In one year from now the British electorate will go to the polls, and property issues are more than likely to be high in their minds.According to the latest research from Knight Frank annual price growth in prime Central London was 7.5 percent for the third consecutive month in April, a figure...
Continue Reading • 7 May 2014
New RES exam syllabus starts this month
Starting from May 2014, the Real Estate Salesperson (RES) examination will be conducted based on the revised syllabus. The revised RES examination syllabus was rolled out by the Council for Estate Agencies (CEA) in January this year after it was reviewed. The review took feedback from the...
Continue Reading • 6 May 2014
PropertyGuru shines amid market gloom
Real estate portal PropertyGuru Malaysia remains a popular platform for sellers, buyers and real estate agents despite Malaysia’s cooling property market, revealed figures from Google Analytics.The portal’s property listings surged by 60 percent at the end of 2013 to reach the current...
Continue Reading • 6 May 2014
Philippine developer launching upscale condo to Singaporeans
Arbor Lanes (pictured), a freehold condominium by Filipino developer Ayala Land Premier, will launch for sale this Saturday at the Four Seasons Hotel in Singapore, media reports said.Located in Metro Manila’s Taguig City, prices of units at the development range from S$300,000 for a 667 sq...
Continue Reading • 6 May 2014
Roxy-Pacific Q1 net profit up 27%
Singapore-listed developer Roxy-Pacific Holdings saw its net profit increase 27 percent to $15 million in Q1 2014 from $11.8 million during the same period last year, on the back of strong revenue growth of 48 percent to $79.5 million.The group’s higher revenue was the result of stronger...
Continue Reading • 5 May 2014
Savills snaps up Studley
Real estate advisory firm Savills has announced the proposed acquisition of Studley, Inc, a leading independent commercial real estate services firm specialising in tenant representation in the United States.The deal will take place for up to US$260 million, payable in instalments between...
Continue Reading • 5 May 2014
Taiwan tie-up for Knight Frank
Global property consultancy Knight Frank has partnered with REPro International, one of Taipei’s leading real estate brokerage and consulting firms, to form a long-term strategic partnership in Taiwan.The REPro Knight Frank partnership will become an integral part of the Knight Frank Global...
Continue Reading • 5 May 2014
London's Gherkin in receivership
London’s iconic skyscraper the Gherkin (pictured) has been placed in receivership. The building - 30 St Mary Axe - was bought by German real estate company IVG Immobilien and private equity firm Evans Randall during 2007 for a reported £600 million, three years...
Continue Reading • 5 May 2014
Moves to speed EIA approvals
The recently elected President of The Thai Condominium Association (TCA) is suggesting proposals that could see exceptions for developments with construction areas of less than 10,000 sqm from obtaining an Environmental Impact Assessment (EIA).Prasert Taedullayasatit said the proposal, if...
Continue Reading • 5 May 2014
Fears of Chinese property crunch
Following a combination of bearish reports from property market analysts and weaker-than-expected home sales data published last week, concerns are being highlighted among overseas investors of a credit crunch in the Chinese property sector.Last week’s official government data showed...
Continue Reading • 5 May 2014
Jakarta named a top city for secondary market property investors
Jakarta has been revealed as one of 12 future world cities for secondary market real estate investment.The report, produced by Candy & Candy, Savills World Research and Deutsche Asset & Wealth Management and published on Friday, identified 12 rising cities that are set to outperform the...
Continue Reading • 5 May 2014
Factory unit auctioned for $515k
A B1 factory unit located at WCEGA Tower Block 21 in Singapore's District 21 sold for $515,000 at JLL’s most recent property auction last week.The 1,087 sq ft leasehold unit in Bukit Batok Crescent (pictured) was the subject of a mortgagee’s sale and was offered with vacant...
Continue Reading • 5 May 2014
US$217b in UHNW real estate investment pumped into Singapore
Singapore has been identified as one of the biggest recipients of global private real estate wealth, according to a new report published by Candy&Candy, Savills World Research and Deutsche Asset & Wealth Management. A total of five cities, namely Hong Kong, London, Moscow, Singapore and...
Continue Reading • 2 May 2014