Singapore is 5th most expensive city for expats: study
Singapore is the fifth most expensive city for expatriates, according to a new survey by global consulting firm, Mercer.Covering 214 cities across five continents, Mercer's 2013 Cost of Living Survey compares costs of over 200 items in each location, including housing, food, clothing,...
Continue Reading • 24 Jul 2013
Exciting times ahead for Malaysian property: expert
Malaysia’s property market has excellent growth potential and is expected to benefit from Singapore’s high housing prices, according to Kenny Tan, Founder and Principal Trainer at the Singapore-based School of Infinite Potential. “Malaysia still has much growth. The market...
Continue Reading • 23 Jul 2013
Singapore to feel pinch of China's fall
Singapore will not be spared from the effects of a slowdown in China's economy, according to DBS.“China has presented both enormous opportunities as well as challenges for the island state over the last few decades. While Singapore has benefited greatly from a strategy of engagement with...
Continue Reading • 23 Jul 2013
Slew of new projects launching in OCR
Twelve new private residential projects will be launched over the next six months, most of which will be located on Government Land Sales (GLS) sites, according to Savills. Among them the Glades, a new 726-unit condominium project by Keppel Land and Vanke Group, sited on a GLS parcel in New...
Continue Reading • 23 Jul 2013
Malaysia Property Showcase debuts in Johor
PropertyGuru, the leading property portal in Asia, will hold its popular Malaysia Property Showcase (MPS 2013) for the first time in Johor Bahru at the Traders Hotel, Puteri Harbour this weekend (27 – 28 July) from 10am to 7pm. Gerard Kho, Country Manager for PropertyGuru Malaysia, said:...
Continue Reading • 23 Jul 2013
PropertyGuru raises over $30,000 with charity head shave
PropertyGuru, Asia’s leading property portal, raised over S$30,000 in donations for the Children’s Cancer Foundation at a charity event on 18 July.Hair for Hope 2013 saw 40 people including company staff, real estate agents and some members of the public, shave their heads for...
Continue Reading • 23 Jul 2013
Mega-mansion in Queensland sold for $6.17m
A large mansion at The Sovereign Islands in Queensland was sold at an auction this past weekend for AU$5.3 million (S$6.17 million).Civil engineer Riccardo Rizzi is the new owner of the property at 26-32 Knightsbridge Parade East (pictured), once the most expensive mansion in Queensland with an...
Continue Reading • 22 Jul 2013
Seaside projects show strong investment potential
Western investors keen on coastal property projects in Singapore such as the 494-unit Sea Horizon executive condominium (EC) in Pasir Ris by developer Hao Yuan Development should act fast before ambitious Chinese entrepreneurs buy up all the available units for sub-letting purposes, according to...
Continue Reading • 22 Jul 2013
New booklet tackles gracious living in private estates
The People's Association (PA) has unveiled a new booklet that highlights the problems faced by residents of private housing estates.The guide took two years to publish and is titled “My Neighbours, My Friends - Gracious Living in the Private Estates”, and is aimed at helping residents...
Continue Reading • 22 Jul 2013
M'sians No 1 buyers of London property
With a total of £1.3 billion (S$2.5 billion) worth of purchases, Malaysians were the top property buyers in London in the seven months leading up to 24 July 2012, surpassing British buyers and pushing those from the US into second place, according to CBRE Group. They are also set to become...
Continue Reading • 22 Jul 2013
Property agency goes on hiring spree
Competition among real estate agencies in Singapore is set to heat up with boutique firm Ripton Realty looking to expand its small team of agents to focus on Singapore's lucrative commercial property market, and in particular industrial properties. The agency is on the lookout for...
Continue Reading • 22 Jul 2013
New Johor bus terminal to be ready soon
A new centralised bus terminal at Gelang Patah in Johor is nearing completion and is expected to open by the end of this year, according to the Express Bus Agencies Association (EBAA).The new terminal called GP Sentral is located on the fringe of Gelang Patah, along Jalan Gelang Patah - Kampong...
Continue Reading • 22 Jul 2013
Nation closer to becoming city for all ages
The City for All Ages project, which aims to make housing estates more liveable for Singapore's golden generation, has been extended to seven more constituencies, media reports said.Among them, Choa Chu Kang was the first to get an allocation of S$80,000 under the scheme. The government held a...
Continue Reading • 22 Jul 2013
Chancery Hill site sold for $41m
A 29,468 sq ft prime freehold site at Chancery Hill Road has been sold through a private treaty for S$41 million or S$1,391 psf, according to OrangeTee's Investment and Advisory Department.Chancery Garden (pictured), a three-storey residential block comprising 10 apartments and townhouses, was...
Continue Reading • 22 Jul 2013
Singapore a favourite destination for Indian property buyers
Singapore has been named one of the top destinations for Indian property buyers in a list which includes Malaysia, Dubai, New York and some UK cities, according to property consultancy Jones Lang LaSalle.A major reason is that the property markets in those countries provide lucrative investment...
Continue Reading • 22 Jul 2013
S'pore, HK world's priciest housing markets
Housing prices in Singapore and Hong Kong are considered the most expensive in the world, primarily due to higher property taxes implemented to cool the market.Both cities are favoured by property investors within the Asia Pacific region, especially with newly wealthy Chinese...
Continue Reading • 22 Jul 2013
China home prices up in June
Home prices in 69 of 70 cities in China increased in June amid a slowing economy and weakening industries.Data from the National Bureau of Statistics revealed that the southern business city of Guangzhou climbed the most with a price increase of 16 percent. Large gains of 13 percent and 12...
Continue Reading • 19 Jul 2013
Private island resorts catch on in Cambodia
Villa resorts set on private islands have seen a growing trend in the Asia Pacific, especially the Maldives. This has now reached Cambodia with last year’s opening of Song Saa. The first of its kind in the country, the US$22 million (S$28 million) development managed by Song Saa Hotels...
Continue Reading • 19 Jul 2013
S'pore-based travelmob acquired by HomeAway
US-based online vacation marketplace HomeAway has acquired a controlling interest in travelmob, a Singapore-based company that owns and operates travelmob.com, a social stay marketplace for rental accommodation.Although the company declined to divulge financial details of the deal, it revealed...
Continue Reading • 19 Jul 2013
Asia is top for property investments: expert
Asia is the world's top destination for property investments, according to Cushman & Wakefield’s Executive Chairman Carlo Sant’Albano.“Interest in real estate is absolutely as high as we have ever seen,” he said in an interview in Tokyo. “When you look at the...
Continue Reading • 19 Jul 2013