Bruce Willis selling Beverly Hills home
By Shabnam Muzammil:Hollywood action star Bruce Willis is selling his 10,000 sq ft home (pictured) in posh Beverly Hills for US$22 million (S$27.89 million), according to media reports.He bought the property back in 2004 from film executive Alan Ladd Jr. for US$6.3 million (S$7.96 million). Built...
Continue Reading • 30 May 2013
Metro Holdings to launch condominium project
By Nikki De Guzman:Property and retail group Metro Holdings will launch its first residential project in Singapore in nearly two decades later this year, reported The Straits Times. According to its chairman Winston Choo, the condo development will be jointly developed with Wing Tai and UE...
Continue Reading • 30 May 2013
Aviva predicts positive growth for Asia Pacific property
By Romesh Navaratnarajah:While the Asia Pacific region will likely see an economic recovery this year, investors need to be cautious over possible external shocks from Europe and the US, according to global asset management firm Aviva Investors.“For 2013, investors can expect an improvement...
Continue Reading • 30 May 2013
Johor properties cheaper than KL, Penang
By Farah Wahida:Despite the spill-over effect from the booming Iskandar region, property prices in Johor are still more affordable compared to those in Kuala Lumpur and Penang, reported The Star.“The price of new housing projects in the state is quite affordable, with prices ranging from...
Continue Reading • 30 May 2013
Impact of cooling measures still unclear: report
By Romesh Navaratnarajah:It remains unclear whether the government’s seventh round of cooling measures have achieved its desired result of mitigating home price inflation, said a report from the National University of Singapore’s Institute of Real Estate Studies.This is based on its...
Continue Reading • 29 May 2013
Bangkok condo prices continue to rise
By Andrew Batt:Bangkok condominium prices are expected to continue their upward trend after new research revealed a 7.1 percent jump in average prices in the CBD during the first three months of this year.Knight Frank Thailand, in its latest report, noted that average condominium prices in the...
Continue Reading • 29 May 2013
Jennifer Lopez buys $10m Hamptons home
By Romesh Navaratnarajah:Superstar Jennifer Lopez recently bought a new mansion in the luxurious enclave of the Hamptons in Long Island, New York. The eight-bedroom property was purchased for US$10 million (S$12.56 million), according to media reports. Built in 2004, the home has a floor area of...
Continue Reading • 29 May 2013
NYC's tallest building hits $1 billion in sales
By Romesh Navaratnarajah:Set to become the tallest building in New York City, 432 Park Avenue, a 1,396 ft apartment tower, has achieved almost US$1 billion (S$1.27 billion) in sales since its launch in March.Developed by CIM Group and Macklowe Properties, the property will be 96-storeys high and...
Continue Reading • 29 May 2013
Hillview Peak the next hot property
By Nikki De Guzman:The 512-unit Hillview Peak condominium (pictured) recently launched by Kingsford Development is expected to draw buyers and investors looking for a property in the prestigious yet quiet Hillview area.The 99-year leasehold project comprises units of up to four-bedrooms and comes...
Continue Reading • 28 May 2013
KSH net profit shot up 84.6%
By Shabnam Muzammil:Property and construction firm KSH Holdings has reported its net profit surged 84.6 percent to S$37.6 million while net profit attributable to shareholders almost doubled to S$36.3 million for the year ended 31 March 2013 (FY2013).This was attributed to a 41.8 percent rise in...
Continue Reading • 28 May 2013
Singapore projects win Gold awards
By Shabnam Muzammil:Several developments in Singapore were recognised at the prestigious FIABCI Prix d’Excellence Awards 2013 held in Taiwan.Reflections at Keppel Bay by developer Keppel Land was a gold winner under the Residential (High Rise) category.Sandy Island, the first luxury...
Continue Reading • 28 May 2013
Historic building up for sale by tender
By Shabnam Muzammil:The House of Tan Yeok Nee (pictured), a freehold commercial property listed as a National Monument by Singapore’s Preservations of Monument Board, has been put up for sale by tender, according to marketing agent Jones Lang LaSalle.Located at the corner of Penang Road and...
Continue Reading • 28 May 2013
S'poreans outpace foreigners in private homes market
By Shabnam Muzammil:Private home sales involving Singaporean buyers rose in April compared to deals made by foreigners including permanent residents (PRs).Notably, 1,528 caveats were lodged by Singaporeans for private home purchases, a 62 percent increase from March while 405 were lodged by...
Continue Reading • 27 May 2013
UEM Land looking to tap Singapore demand
By Nikki De Guzman:Leveraging on the closer ties between both countries, Malaysian property developer UEM Land Holdings is targeting Singaporean buyers for its upcoming residential and commercial projects valued at RM4 billion (S$1.67 billion).According to its Chief Executive Oficer Wan Abdullah...
Continue Reading • 27 May 2013
Town council review to take place soon
By Nikki De Guzman:The government will soon conduct a strategic review of town councils to provide better service to all residents, according to Senior Minister of State for National Development Lee Yi Shyan, who has been tasked to look into the issue.The review aims to improve the way town...
Continue Reading • 27 May 2013
S'pore economy to grow 2.3% in 2013: report
By Nikki De Guzman:Recovering from a weak performance, Singapore’s growth momentum is on an upward trend due to rising industrial production in the country, recent data said.According to Spanish banking group BBVA, the country’s Q1 GDP was revised up to +0.2 percent year-on-year...
Continue Reading • 27 May 2013
CDL unveils new condo in Sengkang
By Romesh Navaratnarajah:Offering excellent connectivity and proximity to nature, District 19 which comprises the estates of Hougang, Punggol, Sengkang and Serangoon is expected to remain a popular locale among property seekers, with steady demand for good-value residential projects.“With...
Continue Reading • 27 May 2013
UK landlords law to be changed
By Andrew Batt: UK government plans that would have required all private landlords to confirm the immigration status of their tenants looks set to be amended.Media reports suggest the new law, which could have seen property owners fined thousands of pounds if found to be letting their property to...
Continue Reading • 27 May 2013
Soilbuild IPO oversubscribed 7.5 times
By Nikki De Guzman:Soilbuild Construction Group’s IPO of 168 million new shares has drawn substantial interest from investors. Excluding the parties specified under Rule 232 and Rule 240 of the SGX-ST Listing Manual, the IPO was 7.5 times oversubscribed and attracted application monies of...
Continue Reading • 27 May 2013
London still needs Singapore buyers
By Andrew Batt: Property developers from London still need buyers from Southeast Asia despite a notable increase in the number of British buyers who have returned to the market in the last few weeks.Singaporeans were the leading overseas buyers of off-plan prime central London property last year....
Continue Reading • 27 May 2013