Jones Lang acquires Halcyon Real Estate
By Romesh Navaratnarajah:Singapore-based boutique property firm Halcyon Real Estate has been acquired by Jones Lang LaSalle, further expanding the consultancy’s presence in the local residential market. Founded in 2009, Halcyon Real Estate specialises in residential project leasing in the...
Continue Reading • 21 May 2013
Luxury villas in Bali put on sale
By Romesh Navaratnarajah:12 unique villas at The Stairs Villa Hotel on the southern coast of Bali in Indonesia are up for sale, according to marketing agent Savills.Designed by the world-famous Philippe Starck, the one-bedroom loft villas (pictured) are located within the hotel – a luxury...
Continue Reading • 21 May 2013
Connecticut mansion is most expensive US home
By Nikki De Guzman:Copper Beech Farm (pictured), a 50 acre property with a 13,519 sq ft French renaissance mansion located in Greenwich, Connecticut, is set to become the most expensive house on sale in the US.Listed for US$190 million (S$238.77 million), the property, which also comes with two...
Continue Reading • 21 May 2013
IKEA launches first ever cook off
By Nikki De Guzman:Swedish furniture giant IKEA has launched its first ever 25-hour Cook-off in Singapore with S$10,000 worth of cash and prizes up for grabs.To participate, interested applicants must form a pair comprised of adults aged 18 and up and submit a 25-second video saying why they...
Continue Reading • 20 May 2013
Overseas demand for Thailand surges
By Andrew Batt:Thailand was the third most popular property destination in the world last month for overseas property searches on one of the UK’s leading property portals.According to the monthly Top of the Props data from TheMoveChannel.com the Kingdom accounted for 6.78 percent of all...
Continue Reading • 20 May 2013
Hougang's private properties hotting up
By Shabnam Muzammil:The mature estate of Hougang is moving away from being a mainly public housing enclave with the recent launch of new private housing developments, reported The Straits Times.According to experts, 2,319 new homes will be added to the 12,457 private properties and 496 executive...
Continue Reading • 20 May 2013
Miami woos Chinese property buyers
By Andrew Batt:The Miami Association of Realtors has launched a campaign to woo affluent Chinese property buyers and investors, and promote Miami (pictured) as a key market for investment.Representatives from GDTV, a leading television station in Guangdong province of China, will spend five days...
Continue Reading • 20 May 2013
London property launching exhibition in Jakarta
By Andrew Batt:Indonesian buyers will get their first chance to take a closer look at one of London’s prestigious prime properties at an event in Jakarta this week.An exhibition of 375 Kensington High Street will take place in Jakarta tomorrow and Wednesday (May 21-22) at an invitation-only...
Continue Reading • 20 May 2013
Hougang oddity still unsold after 11 years
By Nikki De Guzman:A three-storey corner terrace house (pictured) on a unique wedge-shaped site in Hougang is up for sale below the valuation price, reported The Straits Times. Offered on a 99-year lease and completed in 2002, the 6,813 sq ft property has remained unsold for the last 11...
Continue Reading • 20 May 2013
Construction player to tap on 6.9m population growth
By Shabnam Muzammil:Although many Singaporeans have expressed concerns about the projected 6.9 million population growth by 2030, some construction firms are looking to capitalise on this hot-button issue to grow their business.Ho Toon Bah, Executive Director of Soilbuild Construction Group,...
Continue Reading • 17 May 2013
Marina Bay to get a lot livelier
By Romesh Navaratnarajah:Following the grand opening of Marina Bay Financial Centre (MBFC) on Wednesday, the Marina Bay area is set to get more homes, offices and shops in the next few years, noted analysts. Several land parcels in the area have also not been developed yet.MBFC has also...
Continue Reading • 17 May 2013
Corals at Keppel Bay launches preview sales
By Nikki De Guzman:The first 100 units released for sale at Corals at Keppel Bay (pictured) will likely be sold from S$1,800 psf to S$3,000 psf, reported The Business Times.Offered on a 99-year lease, the condominium development comprises 336 units in 11 four and 10-storey blocks.The first batch...
Continue Reading • 17 May 2013
Still no confirmed buyer for $300m bungalow
By Romesh Navaratnarajah:The tender for the S$300 million bungalow (pictured) at 33 Nassim Road closed yesterday with no confirmation on a buyer, reported The Straits Times.Karamjit Singh, Head of Investments and Residential at Jones Lang LaSalle, said that bids were received but declined to give...
Continue Reading • 17 May 2013
No foreign rush to buy in Hanoi
Normal 0 false false false EN-SG X-NONE X-NONE MicrosoftInternetExplorer4 By Andrew Batt:The widely predicted...
Continue Reading • 17 May 2013
Ascott to manage serviced apartments in Wuxi
By Nikki De Guzman:The Ascott Limited (Ascott) continues to grow its presence in China after securing contracts to manage two new serviced residences in Wuxi – Ascott Central Wuxi (pictured) and Somerset Wuxi — both expected to open in 2015.The 134-unit Ascott Central Wuxi will...
Continue Reading • 17 May 2013
China home prices may rise 8%
By Shabnam Muzammil:Property experts expect average home prices in China to grow by three to eight percent this year as sales volume climbs 5.6 percent.“The growth rate of property sales this year will be very similar with that of last year, despite the government's latest round of policy...
Continue Reading • 17 May 2013
Govt gets tough on living conditions of foreign workers
By Shabnam Muzammil:In a recent blog post, the Ministry of Manpower (MOM) revealed that 300 site inspections were carried out over the last four months in an effort to curb unacceptable living conditions among foreign workers.This corresponds to over a third of the 865 inspections conducted for...
Continue Reading • 16 May 2013
Drastic drop in April new home sales
By Romesh Navaratnarajah:New private home sales for April 2013 dropped more than 50 percent from the previous month to reach 1,375 units, according to data released by the Urban Redevelopment Authority (URA).Year-on-year, this is a 45 percent decline. Including executive condominiums (ECs), home...
Continue Reading • 16 May 2013
Condo launching in Pasir Ris, price likely at S$900 psf
By Nikki De Guzman:Stratum (pictured), a near residential development along Elias Road in Pasir Ris will be launched this Saturday (18 May).Offering a resort-style concept, the 380-unit project comprises apartments ranging from studios to five-bedroom units and penthouses. Dual-key homes will...
Continue Reading • 16 May 2013
Marina Bay a great push for finance industry
By Romesh Navaratnarajah:Singapore’s financial sector needs to attract more high-quality investments to help create more jobs. Speaking at the opening of Marina Bay Financial Centre (MBFC) yesterday, Prime Minister Lee Hsien Loong revealed the need to build a local pool of leaders and...
Continue Reading • 16 May 2013