CapitaLand celebrates 20 years in China
CapitaLand marked its 20th anniversary in China at the Group's Lunar New Year Spring Festival event held at Raffles City Convention Centre last Friday.The celebrations will be held throughout the year with various initiatives introduced across China that will culminate in a gala event in Beijing...
Continue Reading • 11 Feb 2014
No decline in Thailand's popularity
EXCLUSIVE: Overseas interest in Thailand property investments failed to decline during January 2014, despite the ongoing political tensions which have made media headlines around the world.In its latest Top of the Props monthly report, TheMoveChannel.com noted that Thailand was ranked in 8th...
Continue Reading • 11 Feb 2014
Singapore buyers losing interest in London property?
Singaporean buyers have flooded London's property market over the last three years and have significantly reshaped it, media reports said.Based on Knight Frank data, almost 75 percent of new-build homes in prime central London were snapped up by non-UK buyers in 2012, with over one out of six...
Continue Reading • 10 Feb 2014
UEM Sunrise partners with KLK for Iskandar projects
UEM Sunrise has teamed up with plantation giant Kuala Lumpur Kepong (KLK) to develop two land parcels in Iskandar Malaysia into iconic projects with a combined gross development value (GDV) of RM20 billion. The 202ha plot in Gerbang Nusajaya will be developed into residential and commercial...
Continue Reading • 10 Feb 2014
Resale prices of completed condos rise again
For the second month in a row, resale prices of completed non-landed private homes have increased, according to new data.Despite this, sales of such homes continue to decline. Data from the Singapore Real Estate Exchange (SRX) revealed that resale prices in this sector grew by 2.3 percent in...
Continue Reading • 10 Feb 2014
Redas chief's Lunar New Year message
Redas President Chia Boon Kuah (pictured) delivered his Lunar New Year message last Friday at the Redas Spring Festival Lunch 2014.Here's part of the transcript of his message:In the last 50 years, property prices have trended steadily upwards in step with Singapore's expanding economic growth,...
Continue Reading • 10 Feb 2014
Sales boom in London, Miami, NY
Sales of luxury homes in three international property hotspots surged during 2013 while median prices remained relatively constant, according to a new report published by Christie’s International Real Estate and Strutt & Parker.In London, Miami and New York, the three cities in the...
Continue Reading • 10 Feb 2014
ERA partners with Auswell
ERA Network, Singapore’s largest real estate agency, has partnered with Australian firm Auswell to offer Singaporeans an “enhanced buying experience” when they are considering Australian property purchases and investments.The partnership, which came into effect late last year,...
Continue Reading • 10 Feb 2014
Encouraging interest at Samui show
EXCLUSIVE: Interest in the first Thailand property development to be exhibited in Singapore following the escalation of the ongoing political tension in the kingdom was described as “encouraging” by the real estate agency marketing the project.Doris Tan, Head of International...
Continue Reading • 10 Feb 2014
Sochi sees the Olympic Effect
Sochi, the host city of the 22nd Winter Olympic Games, is already seeing benefits to its property sector as the world's spotlight falls on the south west Russian resort city.Perched on the Black Sea coast, Sochi is one of the few areas of Russia to enjoy a subtropical climate, meaning it has long...
Continue Reading • 10 Feb 2014
CDL's Kwek urges govt to tweak cooling measures
With concerns over the global economy, CDL’s Executive Chairman Kwek Leng Beng has suggested that it is time for the government to tweak the property measures, especially as the real estate market starts to cool. Speaking at the Real Estate Developers’ Association of Singapore (Redas)...
Continue Reading • 7 Feb 2014
Fed tapering to benefit Asian property
The United States Federal Reserve’s recent announcement that it will cut monthly purchases of mortgage-backed and treasury securities from US$85 billion to US$75 billion is likely to have positive implications for the Asia real estate market, international property brokerage CBRE has...
Continue Reading • 7 Feb 2014
Weak baht attracts Thai buyers
The current political situation has failed to affect sales of property at Fragrant Group, according to its Chief Executive Officer James Duan.Duan (pictured) said his company is currently selling between 8 and 10 units per week, and its main customer base is foreign buyers who are attracted to...
Continue Reading • 7 Feb 2014
Claims of bubble bursts in Australia
A popular U.S. financial doomsayer has claimed that bubbles exist in the property markets in both Sydney and Melbourne, and they will soon burst as a result of economic meltdown in China.During a promotional tour in Australia for his new book titled The Demographic Cliff, Harry Dent Jr. said that...
Continue Reading • 7 Feb 2014
Call to reduce cooling measures
Property industry experts are hoping to see a reduction of some of the previous market cooling measures in the Singapore Budget 2014, which will be revealed by Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam (pictured) on February 21.Tweaks, or an entire roll-back of the...
Continue Reading • 7 Feb 2014
Singapore base for global realtor
A Chicago-headquartered real estate company has picked Singapore as home for its Asia Pacific corporate office. The company, called Leading Real Estate Companies of the World, is the largest network of top independent local and regional brand-name brokerage firms in the residential sector of real...
Continue Reading • 7 Feb 2014
Thailand and Japan to tempt weekend buyers
Thailand and Japan will be vying for the attention of Singapore’s overseas property buyers and investors this weekend at two separate property exhibitions in the same venue. Jones Lang LaSalle is showcasing The Bay, Koh Samui (pictured), a small, luxury development of just 34 units on...
Continue Reading • 7 Feb 2014
Swiss resort open to foreign property buyers
Discerning Asian buyers now have the opportunity to own a holiday home in The Chedi Andermatt - one of the world's most exclusive enclaves in Switzerland.Located in the heart of the Swiss Alps, The Chedi Andermatt is the centrepiece of the new Andermatt Swiss Alps development, which is a...
Continue Reading • 6 Feb 2014
Sengkang condo opens for preview
The Riverbank @ Fernvale condominium (pictured) is expected to attract strong demand when it opens for public viewing on Thursday. Located in Sengkang, the 555-unit development is the first major residential project to come onto the market after the Chinese New Year holiday. The 99-year leasehold...
Continue Reading • 6 Feb 2014
District Watch: District 19
Accessibility looks set to further boost the appeal of Singapore’s north-eastern district, writes Cheryl Tay. Hougang, Punggol, Sengkang and Serangoon Gardens make up Singapore’s District 19, an area known for its residential areas and its number of parks, reserves and recreational...
Continue Reading • 5 Feb 2014