Greek island to go under hammer
An uninhabited private island in Greece (pictured) will be put up for auction in September with a starting bid of €10 million (S$16.8 million), according to media reports.Located off the coast of Halkidiki peninsula in northern Greece, the 10ha Spalathronisi island has been owned by a Greek...
Continue Reading • 26 Jul 2013
Shaq's ex-house in Beverly Hills listed for $9.5m
The former house of Los Angeles Lakers basketball icon Shaquille O’Neal in Beverly Hills (pictured) has been listed on the market for US$9.5 million (S$12.04 million) by Japanese pop star Kyosuke Himoru, who bought the mansion from the retired NBA player for US$6.4 million (S$8.11 million)...
Continue Reading • 26 Jul 2013
Book explores rich history of Seletar
As part of celebrations for its 45th anniversary, the Seletar Hills Estate Residents' Association (SHERA) will unveil a book tomorrow evening highlighting the estate's rich history. Called 'Down the Seletar River: Discovering a Hidden Treasure of Singapore', the book chronicles the history...
Continue Reading • 26 Jul 2013
Big drop in Aussie new home construction
New residential construction in Australia has plummeted across the nation, according to data from PRDnationwide's most recent Quarterly Economic and Property Report.The report from the Australian real estate agency noted that during the March 2013 quarter, the total value of residential...
Continue Reading • 26 Jul 2013
Marina Bay condo close to sold out
The 66-storey Marina Bay Suites (pictured) sold 90 percent or 198 of its 221 luxury condominium units upon its completion in June, according to project manager Raffles Quay Asset Management (RQAM).On average, units at the 99-year leasehold development were selling for S$2,700 psf, said Thomas...
Continue Reading • 26 Jul 2013
Appreciation event for The Mark buyers
An appreciation night for Singapore and Malaysia buyers of a Thailand condominium development attracted more than 100 people when it took place last weekend.The event, believed to be the first of its kind, was organised by Singapore real estate agency Trillion for its buyers of units at The Mark,...
Continue Reading • 26 Jul 2013
Prices continue to rise despite cooling
Despite numerous government attempts to cool the market, property prices in Singapore have continued to rise in many sectors during the second quarter of 2013.The latest data from the Urban Redevelopment Authority (URA) showed prices for private homes in Singapore rose one percent...
Continue Reading • 26 Jul 2013
The lure of Singapore for Sansiri
It’s been a while since Sansiri, one of Thailand’s top property developers, has exhibited to property buyers and investors in Singapore. This weekend the company returns with its Phuket beachfront project – Baan Mai Khao.PropertyGuru’s International Group Editor Andrew...
Continue Reading • 25 Jul 2013
US new home sales hit 5-year high
Sales of new homes in the US rose 8.3 percent in June to reach a seasonally adjusted annual rate of 497,000 units, according to the US Department of Commerce. This is the highest level in five years and surpasses economists' forecasts of 482,000 units.It also translates to a 38.1 percent increase...
Continue Reading • 25 Jul 2013
More foreigners shun Singapore property
Permanent residents (PRs) and other foreigners are buying up fewer private residential properties in Singapore as a result of the government’s stringent cooling measures.Based on DTZ’s caveats analysis, the number of private homes purchased by PRs and foreigners dropped for a second...
Continue Reading • 25 Jul 2013
Rents on luxury property to slip 5%
Average monthly gross rents of luxury and super-luxury homes are expected to drop by up to five percent this year, according to Colliers International.This could be due to heightened competition for tenants in completed and upcoming projects, which could put some downward pressure on...
Continue Reading • 25 Jul 2013
New lending rules will lead to cautious developer bidding
The Monetary Authority of Singapore's (MAS) latest move to encourage prudence in the home loans market will likely affect not just borrowers but also developers, according to Savills. Even before the central bank introduced its new rules, the US Federal Reserve hinted at...
Continue Reading • 25 Jul 2013
Free property seminar at Jewel @ Buangkok this Saturday
Following the success of recent property seminars held at the showflats of Sky Habitat in Bishan and Sennett Residence in Potong Pasir, a similar event will be held this Saturday (27 July) at 12:30pm for Jewel @ Buangkok, a new condominium project near the Buangkok MRT station. Organised by...
Continue Reading • 25 Jul 2013
Renamed Suntec Real Estate sets sights on Asia
Property consultancy Chesterton Suntec International has officially been re-branded as Suntec Real Estate Consultants, with big plans to tap on Asia’s booming property markets.“With the transition of Chesterton Suntec International to Suntec Real Estate Consultants, we hope to...
Continue Reading • 25 Jul 2013
Keppel sells stake in Jakarta township for $290.5m
Singapore developer Keppel Land is selling its 51 percent stake in Jakarta Garden City (pictured) to its joint venture partner PT Modernland Realty for S$290.5 million.To be completed in the fourth quarter of this year, the sale would yield Keppel Land around S$186.0 million in net proceeds....
Continue Reading • 25 Jul 2013
Asia boost for Detroit real estate
Real estate agents selling Detroit property have reaped unexpected benefits over the North American city’s recent bankruptcy saga.Legal arguments are currently raging over whether the troubled Michigan city is able to file for bankruptcy, which is part of a complex plan to ease its...
Continue Reading • 24 Jul 2013
Investors cashing in on Barcelona boom
Luxury Barcelona-based real estate company Lucas Fox has registered a doubling in demand for luxury hotel conversions and off-plan commercial projects in the first six months of 2013 as Barcelona`s international appeal continues to strengthen – especially with investors from Asia once new...
Continue Reading • 24 Jul 2013
Parking or a home; price is the same
A leasehold parking space in central London has been put on the market for almost the same price as nearby apartments.The Hyde Park offices of London real estate agency Kay & Co has been instructed to sell the parking space, which comes with a 91-year lease, for £300,000 (THB14.28...
Continue Reading • 24 Jul 2013
Analyst: 9,000 troubled units could be on market
Up to 9,000 Singapore private property owners could be forced to sell their homes if interest rates rise in the city-state, according to an analyst report published today.On the back of news that up to 10 percent of Singapore households may have already over-leveraged their private property...
Continue Reading • 24 Jul 2013
Singapore's mounting household debt 'worrying'
Singapore's high property prices and increasing household debt pose a significant risk to its financial system, according to the Monetary Authority of Singapore (MAS).“The combination of low interest rates, growing leverage and surging property prices poses significant risks to financial...
Continue Reading • 24 Jul 2013