China home prices soars amid signs of slowdown
While home prices in China rose at its fastest pace in November, there were also signs that the government's effort to cool the market may be starting to bite as monthly gains stood at its slowest this year, according to media reports. In November, average new home prices in 70...
Continue Reading • 19 Dec 2013
Chinese shift to Aussie commercial space
Chinese investors have been very active in the Australian residential space this year, and this trend is now starting to spill into the commercial property market according to new research from Colliers International. In 2013 the amount of Chinese direct investment in commercial property...
Continue Reading • 19 Dec 2013
JLL: More cautionary stance adopted
The latest Government Land Sales programme, announced yesterday, suggests that the government is taking a more cautionary stance towards the housing market especially in light of the slower market activity since the introduction of the recent financing policy, according to a statement from Jones...
Continue Reading • 19 Dec 2013
Average UK prices to rise by 8%
Average house prices in the United Kingdom will see an increase of 8 percent next year, while the cost of renting a home is expected to rise by a further 2 percent, with growth is being driven by the acute imbalance between burgeoning buyer demand and sluggish supply with new instructions to...
Continue Reading • 19 Dec 2013
New home sales to moderate next year, says Maybank
The property sector is expected to moderate in 2014, with new home sales moderating to 13,000 to 14,000 units, or down from the “estimated ~16,000 units to be sold in 2013”, according to Maybank Kim Eng.Following almost four years of continued increase, residential prices are expected...
Continue Reading • 18 Dec 2013
URA launches sale for Woodlands Regional Centre site
A land parcel in Woodlands Regional Centre has been launched for sale by public tender by the Urban Redevelopment Authority (URA) yesterday.This is the first sale site in the Woodlands Regional Centre since its detailed plans were unveiled as part of the 2013 Draft Master Plan.Situated within...
Continue Reading • 18 Dec 2013
Sites for 11,600 new homes revealed
Eight 'Confirmed List' sites and 15 'Reserve List' sites will be launched under the Government Land Sales (GLS) Programme for the first half of 2014 (1H2014), the Ministry of National Development (MND) has announced.The government said that these sites could potentially yield a collective sum of...
Continue Reading • 18 Dec 2013
Forst takes charge at Cushman and Wakefield
Edward C. Forst has been appointed President and Chief Executive Officer of Cushman & Wakefield Inc. He will join the firm effective January 6, 2014.Forst, 53, joins the company following his tenure at Goldman, Sachs & Co. as Global Co-Head of the Investment Management Division, as a...
Continue Reading • 18 Dec 2013
Double success for CBRE Philippines
CBRE Philippines has been recognised as the world’s Best Lettings/Leasing Agency for the second straight year, while it has also added a new feather to its cap as world’s ‘Best Property Consultancy Website’ for 2013 at the renowned International Property Awards...
Continue Reading • 18 Dec 2013
Mixed messages over latest political wranglings in Thailand
EXCLUSIVE: Thailand’s recent renewed thrust into the global media spotlight and the subsequent calling of a general election in early February has understandably unnerved a few property buyers and investors who were considering investing in the Land of Smiles.But for those who know...
Continue Reading • 17 Dec 2013
Savills opens in Myanmar
Savills, a leading global real estate service provider established in 1855, celebrated the opening of its new office in Yangon, Myanmar on 16 December 2013. This continues Savills regional growth and push into Indochina property markets. . The opening ceremony (pictured) was...
Continue Reading • 17 Dec 2013
Ex-property agents sentenced for moneylender referrals
Two former property agents have been convicted and sentenced for referring their respective clients to moneylenders, revealed the Council for Estate Agencies (CEA) on Friday.The offences were committed by 52-year-old Mustafa Kamal Bin Seri and 39-year-old Ghazali Bin Mohamed Rasul, both...
Continue Reading • 16 Dec 2013
US top place for Chinese buyers
The United States will be the top destination for Chinese property buyers and investors during 2013, and they are increasingly looking at new locations.New York is by far the most popular destination, according to research by China-based overseas property portal Juwai.com. Los Angeles and...
Continue Reading • 16 Dec 2013
Five residential sites released for sale this month
To provide developers and buyers with more housing options, the government is releasing five residential sites for sale in December which could yield about 3,000 units.The sites are being released under the 2H2013 Government Land Sales (GLS) Programme. The one at Geylang East Avenue 1 (pictured)...
Continue Reading • 16 Dec 2013
Snapping up French history
Singapore property buyers and investors were able to buy a slice of French history when an 18th century chateau formed part of a French property exhibition in the city-state last weekend.Chateau De Rethondes (pictured), located 40 minutes from the French capital Paris, was offering...
Continue Reading • 16 Dec 2013
Singapore firm to become major developer in Iskandar
Catalist-listed Albedo has agreed to acquire six more land parcels from Infinite Rewards, a company controlled by Malaysian tycoon Tan Sri Danny Tan, bringing its land bank in Iskandar Malaysia to 13 parcels of around 478.57ha, media reported.The move will increase the size of the reverse...
Continue Reading • 16 Dec 2013
More dormitories to be built for foreign workers
To better house foreign workers, the government plans to build a substantial number of dormitories over the next two to three years, revealed media reports quoting Prime Minister Lee Hsien Loong.“We believe that foreign workers in Singapore ought to be treated fairly and properly. We do not...
Continue Reading • 16 Dec 2013
Real estate agents rake in the cash
Real estate agents in Dubai earned commissions worth the equivalent of more than S$478.5 million during the first 10 months of 2013.According to information from the Dubai Land Department, all property organisations registered under RERA, the regulatory arm of the Dubai Land Department, receive a...
Continue Reading • 16 Dec 2013
Property market more subdued in 2014?
With the government unlikely to roll out any new policies in 2014, next year is expected to be more subdued than 2013 which saw various property cooling measures, stated media reports quoting analysts. However, they are not ruling out the possibility of the government revising some of the...
Continue Reading • 16 Dec 2013
Dubai leads the world in price growth
Dubai, with a 28.5 percent rise in house prices in the 12-month period ending September 2013, lead the world according to the Knight Frank Global House Price Index.The report, which ranks house prices in 53 countries around the world, placed China (Beijing and Shanghai with a 21.6 percent rise)...
Continue Reading • 16 Dec 2013