Industrial property in Jurong for sale
A large industrial site at 158 Gul Circle (pictured) has been put up for sale by expression of interest (EOI), said marketing agent Jones Lang LaSalle. Located within an established industrial estate in Jurong, the 120,062 sq ft site comprises a two-storey building with office and production...
Continue Reading • 10 Oct 2013
Asia Pacific hotel investment sales up 151.1%
The total value of Asia Pacific investment sales surged 151.1 percent to US$2.77 billion (S$3.46 billion) in Q3 2013 from US$1.10 billion (S$1.37 billion) in the same period last year, according to Savills Research.Japan, Australia and Singapore emerged as the top three markets,...
Continue Reading • 9 Oct 2013
Mixed views on Johor's latest tax policy
Following the announcement of the latest tax policy in Johor which will see foreign buyers paying higher charges from next year, analysts and industry players expressed mixed reactions on how the policy is going to impact the market.Yesterday, the state government of Johor announced that the...
Continue Reading • 9 Oct 2013
Foreigners to pay more in Johor
Foreigners looking to buy a home in Johor will face significantly higher charges from next year when the current RM10,000 (S$3,900) charge is replaced with a processing fee based on a percentage of the property’s value.State Executive Councillor for Housing and Local Government...
Continue Reading • 8 Oct 2013
EC offers resident farming
In a bid to promote green living, City Developments Limited (CDL) unveiled an innovative feature at the 380-unit Lush Acres executive condominium (EC) that allows residents to grow vegetables using hydroponic technology. Touted as the first-of-its kind in Singapore and the region, the...
Continue Reading • 8 Oct 2013
Lower priced homes see more sales
Homes with lower quantum or absolute prices generated more sales as evidenced by the results of the four launches held last month, according to The Straits Times.In a story published last week, it was reported that Keppel Land's The Glades in Tanah Merah sold only 80 units out of the 200 released...
Continue Reading • 8 Oct 2013
Singapore total investment value rises to S$12.3b
Total investment value in Q3 2013 soared quarter-on-quarter to S$12.3 billion from S$5.3 billion in Q2 2013, according to Knight Frank.In a release the company said the jump in investment sales was primarily attributed to transactions within the public sector which saw the award of plum...
Continue Reading • 8 Oct 2013
Sentosa's bungalow market on the up
The 99-year leasehold bungalow market on Sentosa Cove is expected to see more activity, following a slowdown in July, media reports said. This comes after authorities closed loopholes that saw some investors making proxy purchases in the names of family members who do not own properties...
Continue Reading • 7 Oct 2013
New role for JLL's Martin
Jordi Martin (pictured) will take up the role of Global Director and CEO of Jones Lang LaSalle’s Corporate Solutions business in Asia Pacific, effective from Q1 2014. Currently Managing Director of Integrated Facilities Management (IFM) for Jones Lang LaSalle in Asia Pacific, Martin...
Continue Reading • 7 Oct 2013
Asian buyers look beyond London
Asia-based buyers and investors are already looking far beyond London for their U.K. property purchases and investments.Singapore has seen a growing number of non-prime Central London investments being offered at overseas property exhibitions in the city-state this year, and now one...
Continue Reading • 7 Oct 2013
Double-digit sales for BKK's The Mark
EXCLUSIVE: Bangkok freehold condominium development The Mark (pictured) achieved double-digit sales to Singaporean buyers and investors last weekend in what will likely be its last property showcase in the city-state.The project in the Makkasan area of Bangkok currently has less than 30...
Continue Reading • 7 Oct 2013
Buyers take a bite of the Big Apple
Last week’s Singapore property exhibition featuring New York’s 50 United Nations Plaza development (pictured) marked a significant revival in interest in the Big Apple for buyers and investors from the city-state.For Doris Tan, Jones Lang LaSalle’s ‘Queen of Overseas...
Continue Reading • 7 Oct 2013
PropertyGuru Group reports 53% y-o-y revenue growth
PropertyGuru Group, Asia’s leading property portal group, saw revenue growth of 53 percent year-on-year during the first six months of 2013, with its Singapore business demonstrating the best growth performance of 40 percent.Following a similar trend, visits and property listings on...
Continue Reading • 7 Oct 2013
Two floors in CBD building up for sale
The first and second floors of GB Building’s podium block (pictured) have been put up for sale by expression of interest (EOI), said marketing agent Cushman & Wakefield. The total strata floor area of the two floors is about 13,067 sq ft. Located at Cecil Street in the CBD, the...
Continue Reading • 4 Oct 2013
S'pore property investments set new high
Real estate investment activity hit a new quarterly record in Q3 2013 reaching S$13.3 billion, exceeding the previous high set in Q3 2007 of S$12.4 billion, according to DTZ. Notably, investment sales included transactions that were S$5 million and above while excluding the S$734 million of...
Continue Reading • 4 Oct 2013
5 projects awarded for conservation excellence
The Urban Redevelopment Authority (URA) on Thursday announced the five winners of the URA Architectural Heritage Awards. Recognised for their exceptional work in heritage building conservation and restoration, the winning projects are: 1. 30 Mohamed Sultan Road (Hong San See...
Continue Reading • 4 Oct 2013
Malaysians go mad for Miami homes
EXCLUSIVE: Property buyers from Malaysia were extremely active in searching for Florida property during August, with searches from the country ranked seventh globally according to the 30,000-member Miami Association of Realtors.Despite the weakening of the Brazilian currency in recent months,...
Continue Reading • 4 Oct 2013
Golden opportunities not to be missed at India Property Show
Asia’s leading real estate portal PropertyGuru will hold its second India Property Show at Suntec Convention Centre Level 3, Summit 1 this weekend (5-6 October) from 1pm to 7pm on Saturday and from 11am to 7pm on Sunday. The exhibition will showcase premium developments from Delhi, Mumbai,...
Continue Reading • 4 Oct 2013
Agents rush to meet training deadline
More than 5,000 current licensed Singapore real estate agents - more than 17 percent of the total registered agents - had failed to complete their four hours of mandatory professional development training as of mid-September.Part of the licensing requirements, stipulated and governed by the...
Continue Reading • 3 Oct 2013
Luxury brand Clermont to launch Singapore's tallest residences
GLH, a subsidiary of Singapore-listed GuocoLeisure Group, has launched a new luxury hotel and private residences brand dubbed Clermont. This will see the opening of three developments in Singapore, Malaysia and London in the next few years. Clermont Singapore will form part of Tanjong Pagar...
Continue Reading • 3 Oct 2013