Michaels' Residences to launch 40 more houses
By Nikki De Guzman:40 more housing units will be launched at Michaels' Residences, a 99-year leasehold landed project in the Chestnut area along Upper Bukit Timah. Eight homes had earlier been released at the end of last year. Developed by B+M Avenue, Michaels' Residences sits on a 12,893 sq m...
Continue Reading • 18 Apr 2013
Gold Coast buyers urged to act fast
By Andrew Batt:Property buyers who are looking to acquire new premium apartments on Australia’s Gold Coast are being urged to act fast as the current supply may be entirely sold within the next two years.Tony Holland, Residential Director of Project Marketing for Colliers International,...
Continue Reading • 18 Apr 2013
British buyers out in force
By Andrew Batt:British overseas property investors were out in force last weekend at the A Place in the Sun property exhibition in London, although just one exhibitor from Southeast Asia was present to take advantage of the growing interest in overseas property from UK buyers. More than...
Continue Reading • 18 Apr 2013
Ascott to see 15% boost in Philippine revenue
By Nikki De Guzman:The Ascott Limited (Ascott) expects its serviced residence business in the Philippines to grow 15 percent to PHP1.15 billion (S$34.31 million) this year, as occupancy rates are expected to hit as high as 90 percent.“This industry is very market driven,” said...
Continue Reading • 18 Apr 2013
Property sentiment up in Vietnam
By Shabnam Muzammil:Vietnam’s property market has shown signs of optimism in the first quarter of 2013 as its state bank continues monetary easing efforts, noted CBRE.Moreover, property stocks performed better as an investment option in Q1, with the Ho Chi Minh City Stock Exchange...
Continue Reading • 18 Apr 2013
UK property fund approved by MAS
By Andrew Batt:The Monetary Authority of Singapore (MAS) has approved an investment fund which lends directly to property owners in the United Kingdom. The Montello Income Fund, which has been listed as a permissible collective investment scheme by the Singapore authorities, provides short...
Continue Reading • 18 Apr 2013
Keppel Land, China Vanke to jointly build condo
By Shabnam Muzammil:Keppel Land has partnered with China Vanke, the country’s largest residential property developer, to jointly develop properties in Singapore and China. The first joint project will see the development of a 726-unit condominium set to launch in the second half of...
Continue Reading • 18 Apr 2013
PropertyGuru launches Luxury Gallery
By Romesh Navaratnarajah:PropertyGuru, Asia’s leading property portal, has joined forces with Singapore developer Far East Organization to launch an online gallery showcasing some of the most luxurious residential developments in Singapore.Catering mainly to affluent buyers and investors,...
Continue Reading • 18 Apr 2013
Boat Asia 2013 to feature stunning yachts line-up
By Andrew Batt: Boat Asia 2013 kicks off today at Singapore’s Marina and Keppel Bay, and will showcase a stunning array of luxury yachts and the best that the leisure marine industry has to offer. More than 30 yachts, ranging in size from six metres up to 50 metres, will form the...
Continue Reading • 18 Apr 2013
Owners fined for squeezing 32 people into two homes
By Shabnam Muzammil:City officials in London, a city in Southwestern Ontario, Canada have issued a $3,500 (S$4,233) fine and probation order on the owners of two homes for exceeding the maximum permitted number of bedrooms in a residential property. Located at 1703 and 1709...
Continue Reading • 16 Apr 2013
Perth property has Hollywood appeal
By Romesh Navaratnarajah:A luxury apartment in Perth, Western Australia has been put up for sale at A$2.7 million (S$3.45 million), but what makes the home stand out is that it’s the set for the new movie Son of a Gun, starring actor Ewan McGregor. Famous for his roles in...
Continue Reading • 16 Apr 2013
Property investment market still upbeat despite 33% drop
By Shabnam Muzammil:Investment sales for property in Singapore fell to S$5.4 billion in Q1 2013, down 33 percent from the previous quarter due to a decline in private and public sector real estate activity. However, the figure was still 15.6 percent higher than investment deals recorded in Q1...
Continue Reading • 16 Apr 2013
More pricey homes for sale in Nassim
By Romesh Navaratnarajah:A week after a bungalow in Nassim Road made headlines for its record-breaking asking price of S$300 million; six freehold properties in the same swanky district are up for sale by an expression of interest process. The homes at 8 Nassim Hill are being sold for S$58...
Continue Reading • 16 Apr 2013
Jimmy Choo buys Penang mansion
By Farah Wahida: Datuk Jimmy Choo, fashion designer to film stars and royalty, recently purchased an RM4.4 million (S$1.79 million) townhouse in his home state of Penang, according to reports. “This is the first property I have purchased here since I left for Britain as a child. I’m...
Continue Reading • 15 Apr 2013
HDB, URA to release 4 sites for sale
By Romesh Navaratnarajah: The HDB and URA will release four residential sites this month that will yield approximately 1,800 units under the Government Land Sales (GLS) Programme for 1H2013. An executive condominium (EC) site at Anchorvale Crescent and two residential plots at Faber Walk and...
Continue Reading • 15 Apr 2013
S'pore property sales rebound, helped by discounts
By Romesh Navaratnarajah: New private home sales for the month of March reached 2,793 units - an almost 300 percent increase month-on-month and 17 percent more than in March last year, according to data released by the Urban Redevelopment Authority (URA). Including executive condominiums (ECs),...
Continue Reading • 15 Apr 2013
UK property asking prices on the rise
By Andrew Batt:Asking prices for property in the United Kingdom rose by 2.1 percent in March to a new monthly record, although asking prices for property in London saw a decline – by 0.5 percent. Data from Rightmove which lists more than 90 percent of available property in the UK...
Continue Reading • 15 Apr 2013
Riverside condo launching soon
By Shabnam Muzammil:Green Bay, a subsidiary of Allgreen Properties is set to launch RiverBay (pictured), a new 999-year leasehold development at 23 Mar Thoma Road in District 12. “In addition to commanding a central location and the excellent connectivity that has sprouted up in this mature...
Continue Reading • 15 Apr 2013
Turkey to see more interest
By Andrew Batt: Just one Singaporean national purchased property in Turkey during the last 11 months according to data provided by the country’s General Directorate of Land Registry and Cadastre. Some 9,990 of a total of 12,512 houses and plots of land were purchased by non-Turkish...
Continue Reading • 15 Apr 2013
India real estate outlook stable: expert
By Romesh Navaratnarajah:With India’s economy in the process of getting back on track, its property market will also stabilise in the next two to three quarters, noted Sanjay Verma, CEO (APAC) at Cushman & Wakefield. In a recent interview with the Business Standard, he played down...
Continue Reading • 15 Apr 2013