Overseas shows back with a bang
Singapore’s love of overseas property investments shows no signs of stopping with opportunities from around the world being showcased in the city-state this weekend after a quiet few weeks over the festive period. Opportunities from the United Kingdom, Australia, Japan and Malaysia will be...
Continue Reading • 13 Jan 2014
Major Orchard Road mall up for sale
A prominent Singapore retail mall has been launched for sale by expression of interest.Marketed by Knight Frank Singapore, 228 Orchard Road (pictured) sits on a land area of 824.55 sq m (approx. 8,875 sq ft). Under the 2008 Master Plan, the site is designated as “Commercial” with a...
Continue Reading • 13 Jan 2014
District Watch: District 7
District 7 is a colourful kaleidoscope of high-rise office buildings, old-world charm and a retail haven that exists in the form of glittery malls and back-alley street stalls.The district is served by Bugis, Esplanade, Nicoll Highway and Promenade MRT stations and the upcoming Rochor MRT...
Continue Reading • 13 Jan 2014
District Watch: District 14
In every edition of The PropertyGuru, we’ll be taking a closer look at one district in Singapore. We’ll be looking at the key buying factors and identifying properties worth a closer look. In this edition, Cheryl Tay and Nikki De Guzman shine the spotlight on District 14. Comprising...
Continue Reading • 13 Jan 2014
Prices at The Premiere too high: analysts
Residents at The Premiere (pictured) in Tampines Avenue 6 are confident that they can sell their units at good prices due to the strategic location of the development and its amenities. But analysts believe that given the state of Singapore’s property market, they will likely be...
Continue Reading • 13 Jan 2014
Bleak outlook for S-Reits in 2014
With investors shunning Asian markets for greener pastures offered by recovering developed markets, the prospects of Singapore-listed real estate investment trusts (S- Reits) appears gloomy in 2014, according to analysts.Singapore Reits are also expected to face stiffer competition from its other...
Continue Reading • 13 Jan 2014
Developers venture overseas amid Singapore, Hong Kong curbs
Property developers in Hong Kong and Singapore are venturing overseas following the introduction of some of the most-restrictive property curbs by their respective governments last year, according to media reports.Given the stifled demand at their home turf, these developers are shifting their...
Continue Reading • 13 Jan 2014
Principal move for Koh and Mittag
North America-based Principal Real Estate Investors has hired Shern-Ling Koh and Julian Mittag as portfolio managers within the Global Real Estate Property Securities team. Both Koh and Mittag will be based in Singapore where they will be responsible for identifying investment...
Continue Reading • 10 Jan 2014
Turkish turmoil good for investors
Anyone with an interest in Turkey will have been monitoring news coverage closely, and what the fall in the value of the currency, the Turkish Lira, means for property investors in the country.The current political turmoil in Turkey threatens to undermine all the economic progress made in recent...
Continue Reading • 10 Jan 2014
Dubai to lead world price increases
Prime property prices in Dubai are predicted to be the best performing in 2014, according to predictions from Knight Frank in its Prime Global Forecast residential report.Homes in the emirate are expected to rise by between 10 percent and 15 percent this year, despite the introduction of new...
Continue Reading • 10 Jan 2014
Prolonged political fight 'will hurt' Thailand's property sector
The outlook for Bangkok’s property market this year will depend on how quickly and smoothly the current political situation is resolved.As Thailand’s economic growth softened throughout 2013 thanks to the combination of lacklustre export figures, rising household debt and declining...
Continue Reading • 10 Jan 2014
London best city for foreign investors
For the first time since 2009, London has been named as the best city for foreign property investors in a survey conducted by the Association of Foreign Investors in Real Estate (AFIRE).Intention to invest in property in the U.K. capital came out on top ahead of New York, San Francisco, Houston...
Continue Reading • 10 Jan 2014
SingHaiyi joins consortium to aquire TripleOne Somerset
SGX-listed SingHaiyi Group has announced that it will take a 20 percent stake, valued at S$66 million, in a consortium acquiring TripleOne Somerset for S$970 million. This is the company’s first investment in Singapore commercial property.SingHaiyi TripleOne (SHTPL), a wholly owned...
Continue Reading • 10 Jan 2014
300 new homes in London to go on sale this weekend
Over 300 new houses located at the gateway to Queen Elizabeth Park in London will be launched for sale over the weekend (11-12 January) in Singapore at The Regent Hotel’s Boardroom II & III, Colliers International revealed today.The new houses at Glasshouse Gardens (pictured) are part...
Continue Reading • 10 Jan 2014
Greenland buys London, eyes Singapore
Chinese state-owned property firm Greenland Holding Group is reported to be about to invest £1.2 billion in two property projects in London, and is keeping its eyes open for opportunities in Singapore.The firm will reportedly acquire Minerva’s Ram Brewery in Wandsworth for an...
Continue Reading • 10 Jan 2014
No drop in real estate salespersons
Despite a decline in property transactions, there has been no substantial drop in the number of licensed real estate salespersons in Singapore.As of January 1 2014, and according to data published by the Council for Real Estate Agencies (CEA), the city-state was home to 1,425 licensed real estate...
Continue Reading • 10 Jan 2014
HK property sales hit 17-year low
Residential property sales in Hong Kong fell to a 17-year low last year as significant taxes on home sales, aimed at tackling rising prices, hit home in a big way.According to official information from the Hong Kong Land Registry, the total number of sales and purchase agreements concluded in...
Continue Reading • 9 Jan 2014
Urban Land Institute to open Singapore office
The Singapore office of the Urban Land Institute (ULI) will open later this month, the organisation said on Thursday. Dedicated to responsible land use, the global non-profit research and education institute also named Pauline Oh as Senior Vice President for ULI Asia Pacific.Oh, who joined ULI in...
Continue Reading • 9 Jan 2014
Residential investment down 37%: DTZ
Residential investments in Singapore for 2013 declined by around 37 percent year-on-year to S$6.4 billion, on the back of fewer transactions for Government Land Sales (GLS) sites and tepid activity in the collective sales market, said a report from DTZ.Only two private residential GLS sites at...
Continue Reading • 9 Jan 2014
The worst places to invest in 2013
No property investor wants to miss out on the next big opportunity, but there are still some countries that, despite all the marketing hype, will leave you feeling the chill of recession long after you have parted with your cash.Although there are arguably many worse places in the world to put...
Continue Reading • 9 Jan 2014