Asian housing markets in full swing
According to a report by Global Property Guide, housing markets in Asia have remained buoyant in the first quarter of the year in line with the overall boom seen across all global markets. Eight of the nine markets surveyed across the region, noted property price increases during Q1 2013....
Continue Reading • 24 Jun 2013
GST petition hits 300 supporters
An online petition directed at Council for Estate Agencies (CEA) President Greg Seow to make it mandatory for GST to be paid on agents fees has now attracted 300 signatures.Launched 10 days ago by Jason Lim of Vestor Realty, the petition was born from growing frustration among an increasing...
Continue Reading • 24 Jun 2013
Distressed Phuket villas for sale
A total of 21 Phuket pool villas in a “distressed pool villa project” are being touted for sale with a THB220 million (S$9.10 million) price tag.Colliers Thailand is offering the villas at the Sujika Gardens gated community in Cherngthalay for sale at what it describes as being 35...
Continue Reading • 21 Jun 2013
Iskandar still attractive amid rising prices
Investors remain bullish over long-term prospects for Iskandar Malaysia, but some have turned cautious on the sustainability of growing property prices in view of the ample supply in the next couple of years.According to Maybank-IB, aggressive launches, particularly of high-rise condominiums, led...
Continue Reading • 21 Jun 2013
Haze: Property viewings cancelled
The on-going haze situation in Singapore is having a detrimental effect on the real estate industry, with many agents reporting cancelled viewings and a lack of new enquiries.Agents contacted by PropertyGuru on Thursday and Friday also reported a signficantly low turnout of visitors at showflats,...
Continue Reading • 21 Jun 2013
Coronation Road residential site receives 12 bids
A residential site at Coronation Road drew strong interest with 12 bids when the tender closed yesterday, said the Urban Redevelopment Authority (URA).Launched for tender on 28 March, the 37,440.7sq m site offers a lease term of 99 years and is expected to yield about 140 landed housing units.The...
Continue Reading • 21 Jun 2013
Haze: Developers take precautions
Singapore's property developers are closely monitoring the haze situation that has seen the city-state blanketed in smoke from forest fires in Indonesia for much of the week.The Pollutant Standards Index (PSI) reached a record high of 401 at noon on Friday lunchtime – putting air quality in...
Continue Reading • 21 Jun 2013
Parc Oasis owners approve resolution on parking charges
Residents at Parc Oasis (pictured) with more than one car will now be charged with parking fees, after the majority approved such proposal, according to media reports.Owners of the 950-unit condo in Jurong East were asked at a general meeting on Saturday to back the increased management fees and...
Continue Reading • 21 Jun 2013
RRCs to employ only certified workers for hacking works
With effect from 1 January 2014, the HDB will require Registered Renovation Contractors (RRCs) to employ only trained and certified workers to carry out demolition or hacking works during flat renovations.The Board has tied up with the Building and Construction Academy to introduce a demolition...
Continue Reading • 21 Jun 2013
Keppel Land shines in China
Property developer Keppel Land has sold a total of 1,500 units in China from January to May this year, according to Nomura.850 units were sold in Q1, with 650 of those sold in April and May alone. Sales performance is reported to be strong, compared to the 1,650 units sold for the whole of last...
Continue Reading • 21 Jun 2013
World Class Land wins tender for Faber Walk site
World Class Land has been awarded the tender for a residential site (pictured) at Faber Walk at a bid price of S$156.68 million.The Urban Redevelopment Authority (URA) launched the tender for the 15,125.4sq m site on 15 April. The site attracted 18 bidders at the close of the tender on Tuesday...
Continue Reading • 21 Jun 2013
China home prices continue to rise
Home prices in China’s largest cities in May posted their highest annual growth rate in over two years, according to calculations by The Wall Street Journal based on data from China’s National Bureau of Statistics.Average prices of newly constructed homes across 70 major cities...
Continue Reading • 20 Jun 2013
Property investment sales down 10% in Q2
Preliminary figures from Savills reveal that investment sales of properties valued at S$10 million and above dropped 10 percent to S$4.5 billion in Q2. The final figures are expected to range between S$4.9 billion and S$5 billion.This is lower than Q1 sales of S$5.6 billion, which was a...
Continue Reading • 20 Jun 2013
Chinese firm to build 62-storey London tower
Chinese real estate firm Dalian Wanda Group has acquired a huge residential site in London, which will soon house a 670-ft residential tower poised to become the tallest in Western Europe.Located at the South Bank of the Thames, the 1.1million sq ft site was sold to Dalian Wanda for £700...
Continue Reading • 20 Jun 2013
Low-income earners received over S$1b in housing grant
The government has extended over S$1 billion worth of grants to help low-income households acquire their first HDB flat, according to local media.The HDB provides two types of housing grants to citizens earning less and whose needs are considered greater when it comes to acquiring a home. For...
Continue Reading • 20 Jun 2013
Woodlands EC to launch this weekend
After almost six months since its scheduled opening, the 653-unit executive condominium (EC), Forestville (pictured) will finally be launched this weekend.A project by Hao Yuan Investment, Forestville offers two- to five-bedroom units, penthouses, as well as dual-key and loft units.The Urban...
Continue Reading • 20 Jun 2013
8M Residences opens for buyer registration
The 68-unit 8M Residences (pictured) on Margate Road is now open for interested buyers ahead of its upcoming launch.The 24,001sq ft residential tower will offer a mix of one-bedroom plus study, two-bedroom, two-bedroom plus study and three-bedroom units with sizes ranging from 527 sq ft to 1,668...
Continue Reading • 20 Jun 2013
Johor Bahru station site identified
Plans for the proposed Rapid Transit System (RTS) that will connect Johor Bahru and Singapore are still under discussion, according to Iskandar Region Transportation Corp Chairman Datuk Abdul Latiff Bandi.Once the government of Singapore and Malaysia have reached an agreement, both...
Continue Reading • 20 Jun 2013
Guaranteed returns: All you need to know
By Andrew Batt: Many overseas property investment opportunities come with guaranteed returns of as much as 40 percent, but do buyers end up paying more and what are they actually worth?The enticing offer of ‘guaranteed rental returns’ is fast becoming a must-have for many of the...
Continue Reading • 20 Jun 2013
Look overseas for better returns
With the prospect of little price appreciation at home in the near future Singaporean buyers and investors should look overseas for better returns.This advice comes courtesy of IP Global in its latest Property Market Barometer report, which notes that while the Singapore property market remains...
Continue Reading • 20 Jun 2013