High interest for Royal Wharf
Oxley Holdings has launched phase one of its first London residential project, Royal Wharf (pictured), in London and Singapore to strong market response, collectively selling over 50 percent of 811 units on the first day of its launch in each location.The homegrown developer also revealed that it...
Continue Reading • 24 Mar 2014
Cooling measures force investors to look further afield
With the prospect of cooling measures remaining in place, Asia's real estate investors are predicted to spend more in a wider range of geographical locations and property sectors outside the region in 2014, according to Colliers International. Piers Brunner, Chief Executive Officer, Asia,...
Continue Reading • 24 Mar 2014
Crowdfunding expo for Singapore
Southeast Asia’s first Property Investing and Crowdfunding Expo is set to take place in Singapore later this year.The event, organised by CoAssets, will take place on July 18-19 at the DBS Auditorium in Marina Bay Financial Centre. It aims to promote greater awareness on the potential of...
Continue Reading • 24 Mar 2014
NSW property boom is peaking
The real estate market in New South Wales, Australia, is booming according to local real estate agents there, but less than one in five expect the current market conditions to continue for the rest of this year.The bi-annual survey from Which Real Estate Agent surveyed Australian real estate...
Continue Reading • 24 Mar 2014
Ascott Reit adds Infini Garden to Japan portfolio
Ascott Residence Trust (Ascott Reit) has acquired a rental housing property in Fukuoka, Japan from The Ascott Limited (Ascott) and ArcResidential Japan Investments for 6.3 billion yen (approx. S$78.4 million).In a statement, Ascott Reit said that on a pro forma basis, the accretive acquisition...
Continue Reading • 24 Mar 2014
HICAP buys AOCAP
The Alternative Ownership Conference Asia Pacific business – known as AOCAP – has been purchased by the Hotel Investment Conference Asia Pacific (HICAP) brand.Launched in Phuket in 2009 by the Absolute World Group, AOCAP has quickly become Asia Pacific’s premier investment...
Continue Reading • 24 Mar 2014
JLL again No.1 in region
JLL remained the top real estate investment advisory firm in Asia Pacific during 2013, according to Real Capital Analytics (RCA). The consultancy also ranked number one in the office, industrial, hotel and retail sectors. Last year, JLL's capital markets team advised on over US$21.5 billion...
Continue Reading • 21 Mar 2014
Russians still buying overseas, despite Crimea crisis
Despite the tense political situation in Russia and Ukraine, the reaction from ordinary Russians has been business as usual, with many arranging inspection trips within weeks to buy overseas real estate, revealed the aiGroup in Russia, organisers of overseas property shows in Moscow and St....
Continue Reading • 21 Mar 2014
US existing home sales down in Feb
Sales of existing homes in the US fell to its lowest level in February since July 2012, an indication that the pace of market recovery may be slow, media reports said.Figures from the National Association of Realtors shows that contract closings on previously owned homes fell 0.4 percent to an...
Continue Reading • 21 Mar 2014
S'pore home prices fell 0.9% in 2013
Despite modest economic growth, inflation-adjusted home prices in Singapore slipped 0.9 percent in 2013 following a 1.13 percent dip in 2012, according to a survey from Global Property Guide. This trend reverses annual price growths of 0.9 percent, 13.06 percent and 2.59 percent in 2011,...
Continue Reading • 21 Mar 2014
Malaysia has highest household debt in Asia
Driven by a buying spree of houses and cars, Malaysia’s household debt has climbed to 86.8 percent of GDP, which is the highest in Asia. “The ratio of household debt-to-GDP is expected to remain elevated over the next few years as demand for credit is likely to remain strong,...
Continue Reading • 20 Mar 2014
Office to residential conversions on rise in Australia
Developers in Australia have been converting older commercial sites into residential developments on the back of a booming housing market, increasing supply of new office space and slowing tenant demand, according to media reports.In 2013, almost 47,000 sqm of office space was removed from the...
Continue Reading • 20 Mar 2014
Chinese in rush to sell off HK homes
A growing number of wealthy Chinese are rushing to sell their luxury homes in Hong Kong, with some even offering big discounts for a quick sale, on the back of a looming liquidity crunch on the mainland, stated media reports.These same cash-strapped sellers were blamed for the skyrocketing...
Continue Reading • 20 Mar 2014
Economists foresee slightly slower growth
Singapore’s GDP is forecasted to grow 3.8 percent in 2014, according to economists in a quarterly Monetary Authority of Singapore (MAS) survey. This is an adjustment from the 3.9 percent growth predicted in the previous survey released in December.The government’s 2014 forecast for...
Continue Reading • 20 Mar 2014
Bitcoin buyer snaps up Bali villa
A U.S. buyer has paid more than US$500,000 for a 3,000 sq ft villa in Bali in what is believed to be the largest reported Bitcoin real estate transaction ever concluded.The sale of the fully furnished two-bedroom villa at the award-winning delMango Villa Estate in Seminyak (pictured) was...
Continue Reading • 20 Mar 2014
UK property tax loophole closed
Overseas property buyers and investors who use companies to make their U.K. property purchases were targeted in yesterday’s Budget statement.Finance Minister George Osborne announced changes to Stamp Duty on properties that are purchased through companies, and thereby closing a tax...
Continue Reading • 20 Mar 2014
Mega reclamation plan for luxury Iskandar homes
Hong Kong-listed Country Garden Holdings and Johor state investment arm Kumpulan Prasarana Rakyat Johor (KPRJ) have drawn up plans for a massive reclamation project to build luxury homes close to Pendas in southern Johor near Singapore. The development could sit on a land area of “a few...
Continue Reading • 19 Mar 2014
India buyers focus on Hyderabad
Investors in Indian property have their eye firmly fixed on Hyderabad, according to new research from TheMoveChannel.com.The capital of Andhra Pradesh will become the capital of India´s new state, Telangana, this summer, and 10 percent of buyers are already searching for opportunities,...
Continue Reading • 19 Mar 2014
Rise in new private home sales
New private home sales increased by around 28 percent during February to reach 724 units, according to public data published on Monday by the URA. Including executive condominiums (ECs), 769 units were sold last month compared to the 610 taken up in January 2014.A total of 671 units were...
Continue Reading • 19 Mar 2014
Developers prioritise selling leftover units
Sales of new private homes surpassed the number of units launched in February 2014, a sign that developers are pushing back new launches while focusing more on selling existing developments.Based on URA data, developer sales increased by about 28 percent to 724 units in February. Including...
Continue Reading • 19 Mar 2014