Canary Gateway's Artisan Place set for Singapore launch
Artisan Place, one of two principal apartment blocks at City & Docklands’ Canary Gateway in London will be launched this weekend at the Four Seasons Hotel Singapore. The Canary Gateway project is part of an overall regeneration plan, which includes the conversion and redevelopment of...
Continue Reading • 29 Nov 2013
David Beckham to make property debut in Singapore
Integrated resorts developer Las Vegas Sands has announced that it’s joining forces with former football superstar David Beckham’s company Beckham Ventures, to develop the resort properties in Singapore and Macao. This partnership will see the development of retail, leisure and...
Continue Reading • 28 Nov 2013
Tech companies spur rental growth in CBD
Traditionally occupied by financial institutions, the central business district is witnessing a new trend of consumer Internet companies taking up large spaces in prime Grade A office buildings, according to Cushman & Wakefield and reported in the media.This comes amid increasing rents due to...
Continue Reading • 28 Nov 2013
Sydney property a magnet for SEA buyers
The 500th apartment at Top Ryde City Living in Sydney has been reported sold, just months after the launch of its final phase. While most of the buyers are local investors and owner-occupiers, Southeast Asians accounted for the majority of overseas investors, said Iwan Sunito, CEO of...
Continue Reading • 28 Nov 2013
Leading luxury property show returns to Shanghai
One of the world's most prestigious luxury property shows, LPS Shanghai 2013, is back for a sixth time from 6 to 8 December at the five-star JC Mandarin in Nanjing West Road, Shanghai.With over 100 media partners and sponsors, LPS Shanghai 2013 will be held in partnership with Shanghai Tang,...
Continue Reading • 27 Nov 2013
Pace of new condo sales slows
The strong interest for private residential launches seen just a few weeks ago has waned with lacklustre sales reported over the weekend, media reports said. Property consultants noted that projects experiencing brisk sales during their debut two weeks ago now rely primarily on price cuts...
Continue Reading • 27 Nov 2013
IRAS: 95% of owner-occupied homes to pay lower property tax
The majority of owner-occupied homes will pay lower property tax next year, the Inland Revenue Authority of Singapore (IRAS) revealed.Under the new Progressive Property Tax Rates announced in Budget 2013, all owner-occupied HDB flats and three quarters of owner-occupied private homes (or 95...
Continue Reading • 27 Nov 2013
Paterson Hill world's 5th priciest street
Paterson Hill in Singapore was recently listed by a Billionaire.com report as the world’s fifth most expensive street with an average price of US$42,500 (S$53,800) psm, or S$4,998 psf.Hong Kong’s Pollock’s Path on The Peak topped the list followed by London’s Kensington...
Continue Reading • 26 Nov 2013
Singapore adds 3500 hotel rooms
The Singapore hospitality market witnessed two of the biggest deals undertaken in Asia over the last 12 months and also the addition of around 3,500+ rooms, according to Akshay Kulkarni, Regional Director of Cushman & Wakefield’s Hospitality sector group across South Asia and Southeast...
Continue Reading • 26 Nov 2013
Private rental market robust in Q3
Singapore’s rental market performed strongly in the third quarter this year, with private residential leasing volumes increasing 11.6 percent quarter-on-quarter to 15,083 cases, according to a Savills report. This brings total leases secured during the first nine months of the year to...
Continue Reading • 26 Nov 2013
Prime London developers face stern test
With the luxury market cooling, developers of prime London homes which have been the UK’s best-performing property segment since 2009 are now faced with the risk of being squeezed by skyrocketing building costs and land prices, media reports said. Mark Farmer, Head of Residential at...
Continue Reading • 25 Nov 2013
Apple gets green light for flying saucer building
The Silicon Valley city of Cupertino has finally given the green light for Apple’s plan to build a space ship-shaped headquarters, media reports said. The approval came with a 15 percent reduction on the tax break awarded to Apple in 1997, during which time the company’s future was...
Continue Reading • 25 Nov 2013
Melbourne a preferred property destination for Asians
Commercial property assets in Melbourne have been attracting Asia-based buyers, who snapped up 12 of 15 properties sold in the last 10 weeks by Savills.The consultancy revealed that the most recent deal involved the record sale of a single retail shop in one of the most sought-after retail...
Continue Reading • 25 Nov 2013
East Coast hotel site up for sale
A hotel site at East Coast Road (pictured) was launched for tender on Friday, according to the Urban Redevelopment Authority (URA).The 0.8ha site at the junction of East Coast Road and Joo Chiat Road has a gross floor area of 266,040 sq ft. It was made available for sale through the reserve list...
Continue Reading • 22 Nov 2013
Tokyo condo looking for Singapore buyers
Majesty House Shinjukugyoen Park Nade (pictured), a freehold condominium complex located near Tokyo’s historical garden Shinjuku Gyoen will be showcased this weekend at the Four Seasons Hotel Singapore. Developed by PanaHome Corporation, the real estate development arm of Panasonic, the...
Continue Reading • 22 Nov 2013
PropertyGuru sets up 1st International Investment Show
Asia's leading property portal is bringing together premier developments from around the world for its inaugural International Investment Show (IIS), taking place this weekend (23 - 24 November) from 11am to 7pm daily at Suntec Concourse, Level 3, Suntec Convention and Exhibition Centre.The...
Continue Reading • 22 Nov 2013
URA: Jalan Kayu, other areas to be preserved
To preserve the unique characteristics of Jalan Kayu, Holland Village and Serangoon Garden, the government has designated these areas as ‘identity nodes’ under the URA Draft Master Plan 2013.This boosts the total number of identity nodes in the country to 18 and includes Balestier,...
Continue Reading • 22 Nov 2013
Showcase for iconic Bangkok residences
Thailand’s iconic The Ritz-Carlton Residences, part of the prestigious MahaNakhon mixed-use development in Bangkok, will be targeting Singapore property investors at a special invitation-only exhibition this weekend.The development, which when completed in 2015 will be Thailand’s...
Continue Reading • 22 Nov 2013
Singapore raises growth forecast
The Singapore economy is expected to grow by 3.5 to 4.0 percent in 2013, an increase from the earlier forecast of 2.5 to 3.5 percent. In a statement, the Ministry of Trade and Industry (MTI) revealed that GDP rose 5.8 percent year-on-year in Q3 2013, up from the previous quarter’s 4.4...
Continue Reading • 22 Nov 2013
Property seminar draws in crowd
PropertyGuru’s consumer seminars continue to attract interest from property seekers with a small crowd of mainly families attending the most recent event at the Sea Horizon sales gallery in Pasir Ris last Saturday.The free seminar showcased the 99-year leasehold executive condominium (EC)...
Continue Reading • 21 Nov 2013