Glasshouse bucks 'quiet London' trend
EXCLUSVE: Singapore sales at Glasshouse Gardens, a Lend Lease joint development project in East London, bucked the trend of an otherwise quiet weekend for purchases of London property investments in the city-state last weekendIn what Richard Levine, Director of International Property Southeast...
Continue Reading • 22 Jan 2014
Portugal project to tempt buyers
EXCLUSIVE: Singapore investors will get one of the first opportunities to learn about Portuguese property investments this weekend when an award-winning project is launched in the city-state.To meet growing interest amongst its clients seeking investment opportunities in the European country,...
Continue Reading • 22 Jan 2014
Bulk sale for Newton Imperial
Singapore real estate agency Savills has revealed details for the bulk sale of 21 freehold apartment units at Newton Imperial, located at 24 Newton Road. Arun Sugumaran, Senior Manager Savills Regional Capital Markets, said: “Newton Imperial presents a rare opportunity to acquire freehold...
Continue Reading • 22 Jan 2014
More property taxes looming
Rich Singaporean property owners could be one target in the 2014 budget statement which will be announced on February 21.Media reports yesterday suggested that car and property owners could well be forced to pay more, and a higher level of personal income tax could be introduced.Speaking to CNBC,...
Continue Reading • 22 Jan 2014
Market Outlook eBook launched
PropertyGuru, Singapore’s number one property portal has launched launch its Market Outlook 2014 eBook. As a first for Singapore, the eBook is available for free and can be viewed exclusively at www.propertyGuru.com.sg/propertyoutlook2014. Steve Melhuish, Co-Founder and Chief Executive...
Continue Reading • 22 Jan 2014
Thai sales to drop 40% says agency
Thailand’s Agency for Real Estate Affairs Company (AREA) has predicted that property sales figures will drop by up to 40 percent if the current political situation continues - with this news coming prior to yesterday's introduction of a State of Emergency in Bangkok and its...
Continue Reading • 22 Jan 2014
Keppel REIT income soars
Singapore’s office property market concluded on a positive note in 2H2013 as office rents continued to record positive quarter-on-quarter increases, according to a Knight Frank report.According to the report, the URA Office Space Rental Index for the Central Region showed that, prior to Q2...
Continue Reading • 21 Jan 2014
Luxury home prices to dip by 0.5%: Knight Frank
With high-end property developers banking on the exclusive locations of their projects, the luxury residential segment could see slower price declines of around 0.5 percent in Q1 2014 as compared to the previous quarter, according to Knight Frank.In spite of the latest cooling measures,...
Continue Reading • 21 Jan 2014
Singapore fund targets Chiang Mai
Singaporean private fund Terrasia is set to build a housing development in Chiang Mai, northern Thailand, through a joint venture with Thai developer Srangdee Development Co after previously partnering to develop a condominium development in Bangkok's Thonburi district.Srangdee...
Continue Reading • 21 Jan 2014
Berkeley set for landmark launch
Goodman’s Fields, Berkeley Group’s landmark development in Aldgate, London, will be showcasing its recently launched next collection of apartments, Meranti House. Located in the U.K. capital’s premium neighbourhood, Goodman’s Fields will provide more than 920 homes, three...
Continue Reading • 21 Jan 2014
20% of borrowers nearly overstretched: MAS
Despite the decline of debt-to-income ratio by 2.1 percent in 2012, one in five borrowers has loan repayments of between 40 to 60 percent of the monthly income, the Monetary Authority of Singapore (MAS) revealed.Responding to a parliamentary inquiry held last week, MAS said Singapore’s...
Continue Reading • 20 Jan 2014
New launches draw strong crowds
There has been healthy interest from buyers for the first two major property launches in 2014.Launched on Sunday, The Panorama (pictured) sold 50 percent of the 120 units released for sale.Most of the apartments sold were two- and three-bedrooms with sizes ranging from 678 sq ft to 1,130 sq ft....
Continue Reading • 20 Jan 2014
London buyers out in force
EXCLUSIVE: Three London developments were attracting healthy levels of both interest and sales in Singapore last weekend.Silver Wharf (pictured) in the Limehouse area of the U.K. capital was selling well judging by the number of red ‘sold’ stickers on the sales board. Sarah Nicholson,...
Continue Reading • 20 Jan 2014
Fulton Lane buzz and sales
EXCLUSIVE: The was a distinct buzz at SP Setia’s Fulton Lane Melbourne property exhibition in Singapore last weekend, even though Steve Tan, Manager of Sales and Marketing for the developer was expecting a little better.He told PropertyGuru: “I think a lot of potential buyers of...
Continue Reading • 20 Jan 2014
More Chinese look to prime London
Property buyers and investors from mainland China are in a “frantic” rush to join those from Singapore and Hong Kong by increasing their focus on United Kingdom property.Prime central London estate agency, W.A.Ellis, has conducted research in conjunction with independent property...
Continue Reading • 20 Jan 2014
PropertyGuru wins gold again at Mob-Ex Awards
Singapore’s leading real estate portal PropertyGuru scooped up awards for its mobile apps at last night’s Mob-Ex Awards 2014, which was held at the Marriott hotel. Celebrating the best in mobile excellence, this year’s competition saw 50 brands vie for 23 award categories.For...
Continue Reading • 17 Jan 2014
CDL makes changes to senior management team
Property giant City Developments Limited (CDL) has announced changes to its senior management structure as part of plans to further grow its business overseas.Grant L. Kelley (pictured) has been appointed the group’s Chief Executive Officer. The 49-year old has more than 20 years of global...
Continue Reading • 17 Jan 2014
OEL to acquire two property firms
OEL Holdings has entered into an agreement with Corporate Space and its holding company Heng Fai Enterprises for the acquisition of two Singapore investment companies at S$53.9 million.Notably, the target companies are Singapore Service Residence and Expats Residences.OEL will satisfy the S$53.9...
Continue Reading • 17 Jan 2014
Fewer 'foreign first' London sales
Fewer London property projects will be sold overseas ahead of sales in the U.K. after a number of top U.K. developers signed a pledge to ensure local buyers will have the opportunity to invest at an early stage in new projects.The move came into effect on January 1 and is spearheaded by the House...
Continue Reading • 17 Jan 2014
London back in the spotlight
London property opportunities will again be in the Singapore spotlight this weekend with three significant developments being showcased by buyers and investors in the city-state. Holding its ‘World Premier Launch’ in Singapore will be Eight Artillery Row (pictured) in SW1. The...
Continue Reading • 17 Jan 2014