Home appliances distributor to hold exhibit at Expo
Home appliances distributor Mayer Marketing will showcase its latest set of products and brands at the “Mayer at EXPO Extravaganza,” happening at the Singapore Expo this weekend, 12 to 14 July.The event will feature a wide range of products, some of which will be unveiled here for the...
Continue Reading • 10 Jul 2013
More Vegas homes for sale
Las Vegas' property market remains hot as median home prices and the number of homes for sale continues to increase, according to the latest data from the Greater Las Vegas Association of Realtors (GLVAR).Dave Tina, President of GLVAR, said local home prices “could continue to appreciate in...
Continue Reading • 10 Jul 2013
Investors key to healthy property market, says OCBC chief
Investors could help Singapore’s long-term property market health despite the possibility of a correction, according to the head of OCBC Bank.Chief executive Samuel Tsien said yesterday Singapore's property market was likely to remain resilient and healthy in the long term despite possible...
Continue Reading • 10 Jul 2013
Colliers sets up office in Myanmar
Banking on the growth potential of Myanmar's property market, Colliers International has opened a new office in Yangon. Colliers is the first international property consultancy to open an office in the country.“We are bullish about the prospects for those who wish to be part of the Myanmar...
Continue Reading • 10 Jul 2013
Foreigners still snapping up US homes
Canadians have emerged as the largest group of foreign buyers for US property, according to figures showing near-record levels of international investment in the country's housing market.International purchases reached their second highest level at six percent of existing home sales in the twelve...
Continue Reading • 9 Jul 2013
HK residential prices could correct up to 20%
Home prices in Hong Kong are expected to correct by 10 to 20 percent due to less demand from mainland Chinese buyers, tight property restrictions and higher interest rates, noted Frederic Neumann, Co-head of Asian Economics at HSBC.“I think the [cooling] measures that we've seen imposed...
Continue Reading • 9 Jul 2013
Ecopolitan EC receives strong response
Over 1,000 buyers have expressed interest for units at the Ecopolitan executive condominium (EC) after e-applications closed on Sunday. The strong demand seen over the past 10 days is the highest recorded so far this year. Developed by Qingjian Realty (South Pacific) Group, the 512-unit EC...
Continue Reading • 9 Jul 2013
S'pore projects feature strongly in architecture award nominees
The World Architecture Festival 2013 to be held in October at Marina Bay Sands has unveiled its shortlist of 300 projects from 50 countries competing for the prestigious industry awards.“From the subtle to the spectacular, from a four-room house to an 80-storey tower, the sheer quality and...
Continue Reading • 9 Jul 2013
Developers still optimistic on Singapore housing market
Singapore developers remain bullish on the residential property market considering their strong interest for Government Land Sales (GLS) sites in 1H2013. Over the last two years, the number and value of bids launched for such sites have been rising, according to a Knight Frank report.“The...
Continue Reading • 9 Jul 2013
S'pore-based AIM sets up Malaysia property unit
In line with its business diversification efforts in Southeast Asia, Singapore-based Advanced Integrated Manufacturing Corp (AIM) has unveiled a new property unit in Malaysia called Vincente Property.The firm is looking to buy a vacant bungalow plot and three condominium units in Penang for...
Continue Reading • 8 Jul 2013
HK agents rally against property rules
Following a significant slump in property transactions in Q2, about 5,500 real estate agents and industry watchers in Hong Kong gathered at a rally asking the government to remove the curbs aimed at cooling the housing market, according to media reports.Denys Kwan, former President of the Society...
Continue Reading • 8 Jul 2013
Resale non-landed home prices post surprise growth
The growth in resale prices of non-landed homes in June was surprising, according to Alan Cheong, Research Head at Savills Singapore.In the Core Central Region (CCR), resale prices rose 5.5 percent while those in the Rest of Central Region (RCR) went up 0.5 percent. In particular, the big jump in...
Continue Reading • 8 Jul 2013
Home loan measures already taking effect: Tharman
The government’s latest home loan measures have had some effect in stabilising the market, noted Deputy Prime Minister and Minister of Finance Tharman Shanmugaratnam (pictured).Speaking at the Jurong Lake Run yesterday, Mr Tharman said the Monetary Authority of Singapore's (MAS) new Total...
Continue Reading • 8 Jul 2013
Harry Potter star sets up property firm
British actor Rupert Grint (pictured), who played Ron Weasley in the famous Harry Potter series, has established his own property management company called Eevil Plan Properties, according to media reports.The new company will help the 24-year-old actor manage the income from his property...
Continue Reading • 8 Jul 2013
CapitaLand sells assets in London
Property giant CapitaLand recently announced it has sold three mixed-use developments in London for £46.9 million (S$89.6 million) in cash and the discharge of about £175.3 million (S$ 334.76 million) in debt.Under joint ownership with Hotel Properties and Genting Singapore, the...
Continue Reading • 8 Jul 2013
London's super-prime homes luring various nationalities
Super-prime homes in London, or properties priced above £10 million (S$19 million), have seen strong demand from both local and international buyers, with 33 different nationalities buying up luxury homes in central London since 2009. However, “there is a common misconception...
Continue Reading • 5 Jul 2013
Q2 GCB deals worth $221m
The second quarter of this year could have seen at least S$221 million worth of deals in Good Class Bungalow Areas (GCBAs), according to The Business Times.Based on CBRE’s analysis of caveats data, the figure would be higher than the previous quarter's S$180.5 million worth of deals.A...
Continue Reading • 5 Jul 2013
Ground broken for Battersea Power Station project
UK Prime Minister David Cameron and his Malaysian counterpart Datuk Seri Najib Razak yesterday held a groundbreaking ceremony for the first phase of the Battersea Power Station (BPS) redevelopment in southwest London. The event was also graced by officials from the consortium that owns the...
Continue Reading • 5 Jul 2013
Private home prices will not decline in Q3, says Knight Frank
A total of 8,247 new private residential units were launched by developers from January to May this year. Of these, a total of 8,368 units (excluding executive condominiums) were sold, according to Knight Frank’s latest Residential Bulletin.In Core Central Region (CCR), prices of high-end...
Continue Reading • 5 Jul 2013
Buying costs in SG among highest in the world
The costs of buying a property in Singapore are, along with Hong Kong, among the most expensive in the world for non-residents.New research from Knight Frank looked at the purchase costs associated with buying a new-build residential property in 15 prime property locations around the world.Hong...
Continue Reading • 5 Jul 2013