Malaysia cooling halts developer IPO
Malaysia’s recent property market cooling measures – including raising the minimum price for foreign buyers to RM1 million and the introduction of a property gains tax - has forced one developer to delay its planned Initial Public Offering (IPO).Iskandar Waterfront Holdings has...
Continue Reading • 6 Nov 2013
Istanbul prices continue to rise
Property prices in Istanbul, Turkey's largest city, have risen substantially in the last three years, and are showing no signs of cooling.Istanbul-based property consultants Universal21.com noted how the pace of property price growth in the city has quickened in recent months as both...
Continue Reading • 6 Nov 2013
Medini to get more incentives
Medini in Iskandar Malaysia is likely to see more advantages in addition to the current incentives it already has when the area is granted exemption from real property gains tax (RPGT) to ensure that the area remains favoured by property investors, according to media reports.Following the...
Continue Reading • 6 Nov 2013
Happy birthday, here's a condo
An Australian father has bought his six-year-old son an unusual and expensive birthday present - an AUD710,000 (S$835,000) Sydney apartment.Lawyer Dion Vertzayas bought his son Dean the one-bedroom property in Victoria Street, Sydney, which has views of the Harbour Bridge.He told Australian...
Continue Reading • 5 Nov 2013
Serangoon Plaza sold in largest commercial collective sale
The shopping mall Serangoon Plaza (pictured) has been sold through a collective sale for S$400 million to Feature Development, a unit of Tong Eng Group. The price translates to a unit land rate of S$1,946 psf ppr. This makes it the largest collective sale of a commercial property and...
Continue Reading • 5 Nov 2013
Strong interest in Thailand property
The growing trend of Singaporeans buying and investing in Thailand property was underlined when more than THB130 million (S$5.15 million) worth of deals were done at PropertyGuru’s third Thailand Property Show, which took place in Singapore last weekend. The event, which was held in...
Continue Reading • 5 Nov 2013
S'pore developer to create new London district
Royal Wharf, one of London’s largest development sites, has been purchased by Singapore-listed developer Oxley Holdings from Ballymore Group for £200 million (S$397.1 million).Oxley Chief Executive, Ching Chiat Kwong, said: “Royal Wharf is an outstanding opportunity and offers a...
Continue Reading • 5 Nov 2013
Foreigners buy 9% of S'pore condos
Foreigners were responsible for nine percent of all Singapore condominium purchases during the first nine months of the year, according to newly-published research.Buyers from China were the largest foreign buying nationality (excluding PRs), accounting for 34 percent of all overseas buyers...
Continue Reading • 5 Nov 2013
Mongolia law boost for foreign buyers
Mongolia’s appeal to foreign investors has improved noticeably with last Friday’s introduction of a new investment law.From November 1, a new law has overturned previous legislation, making the financial environment within the country much more attractive to overseas investors.In...
Continue Reading • 5 Nov 2013
Govt urged to promote healthy property market
The Real Estate Developers’ Association of Singapore (Redas) has urged the government to ensure that the property market remains healthy, media reports said. Speaking at the association’s 54th anniversary dinner last Friday, Redas President Chia Boon Kuah stated: “It is our hope...
Continue Reading • 4 Nov 2013
Location, lower prices moved Q3 residential sales
A report from Savills Research has revealed that location and affordability were the only two factors that helped move residential sales in the third quarter this year.New private home sales fell to 482 units in July as buyers digested the new total debt servicing ratio (TDSR) framework and...
Continue Reading • 4 Nov 2013
S'pore the safest place for expat children: HSBC survey
With one of the world’s lowest crime rates, Singapore has been ranked by expatriate parents as the safest place to raise children abroad, revealed HSBC’s Expat Explorer Survey 2013.Now in its sixth year, the study polled over 7,000 expats across nearly 100 countries from around the...
Continue Reading • 4 Nov 2013
Phuket property in the spotlight
Hot property topics including leasehold ownership and real estate industry regulation will be on the agenda at an event in Phuket at the end of November.The American Chamber of Commerce Thailand (AMCHAM) is set to hold an event on Friday, November 22, at Angsana Laguna Phuket. Guest speakers will...
Continue Reading • 4 Nov 2013
Tax targets overseas UK buyers
United Kingdom Finance Minister George Osborne could be set to introduce a capital gains tax on foreign owners of British property.Media reports revealed Osborne could be set to impose the tax to curb speculation by foreign owners of property in the U.K. Currently, overseas owners are not...
Continue Reading • 4 Nov 2013
Sydney apartment demand sky-high
The remaining apartments at Crown Group's US$200 million (S$247.88 million) luxury residential project in North Sydney are being launched for sale, and the units will be available exclusively to buyers in Singapore and Hong Kong.Crown Group is partnering with CBRE to showcase the 232-unit Skye by...
Continue Reading • 1 Nov 2013
The lost city of Singapore
Singapore was founded in 1836 and was a bustling port town until 1875 when it was buried under rolling layers of sand.The bustling town by the sea no longer exists except in the memories passed down generationally and in what little books and artefacts that survived its demise. Hold on a minute,...
Continue Reading • 1 Nov 2013
Two new residential sites up for sale
Two residential sites that could generate about 980 homes were launched for sale yesterday by the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA). HDB released an executive condominium (EC) site at Westwood Avenue under the confirmed list, while a land parcel in...
Continue Reading • 1 Nov 2013
Govt releases 5 industrial sites
Five sites at Tuas South and Gambas Crescent were released for sale on Thursday under the 2H2013 Industrial Government Land Sales (IGLS) Programme by the Urban Redevelopment Authority (URA) and JTC Corporation.The three land parcels in Tuas South (Plots 20, 22 and 24) each have a gross plot ratio...
Continue Reading • 1 Nov 2013
Lippo Karawaci takes top prize at SEA Property Awards
Indonesian residential and commercial property developer Lippo Karawaci scooped the top prize of Best Developer Southeast Asia at last night’s Southeast Asia Property Awards 2013 which took place in Singapore. The gala dinner and awards ceremony, which took place in front of more than...
Continue Reading • 1 Nov 2013
S'pore showcase for Thailand property
Singapore property buyers and investors will once again have the chance to learn more about opportunities in Thailand when the third PropertyGuru Thailand Property Show takes place in the city-state this weekend.The event, which will take place on November 2-3 between 11am and 7pm at the Orchard...
Continue Reading • 1 Nov 2013