Thailand property in the spotlight
By Andrew Batt:Property investment opportunities in Thailand will be in the spotlight again this weekend at PropertyGuru’s Thailand Property Show in Singapore. Three projects from Bangkok and Hua Hin will be showcased at the event, which will take place at Orchard Hotel on Saturday,...
Continue Reading • 25 Feb 2013
Tallest building set for Saudi Arabia
By Andrew Batt: British firms have won the contract for the US$1.2 billion construction of the world’s tallest building. London-based Mace will work with fellow British company EC Harris on the Kingdom Tower project (pictured) in Jeddah, Saudi Arabia. When completed, the tower will be...
Continue Reading • 25 Feb 2013
Vita Student partners with Savills for student project
By Romesh Navaratnarajah: UK developer Vita Student which specialises in hotel standard accommodation for students has partnered with Savills in Asia to help market its 158-unit Crosshall development in Liverpool. “The attractive yields and low entry prices have led to student accommodation...
Continue Reading • 22 Feb 2013
CapitaLand outlook positive despite profit fall
By Shabnam Muzammil: Property developer CapitaLand achieved revenue of S$3.3 billion for FY2012, up 9.3 percent from a year ago. But net profit fell 12 percent in the period to S$930.3 million due to lower revaluation and portfolio gains as well as higher impairments. Despite lower profits, the...
Continue Reading • 22 Feb 2013
Join and win a trip anywhere!
By Nikki De Guzman:PropertyGuru, Asia's leading property portal, recently launched a new campaign called “Join us & we’ll send you packing”, whereby new members stand a chance to win S$1,000 worth of travel vouchers each week for the next four weeks. With the added bonus of...
Continue Reading • 22 Feb 2013
Rail link to narrow M'sia, S'pore price gap
By Farah Wahida: The future high-speed rail link between Singapore and Kuala Lumpur will benefit property developers and construction firms as it will reduce the price gap of properties in both countries in the long term. The project will also boost the construction and building materials sector,...
Continue Reading • 22 Feb 2013
Philippines Property Show this weekend
By Romesh Navaratnarajah: PropertyGuru, Asia’s leading property portal, will hold its second Philippines Property Show at Marina Bay Sands Convention Centre, Level 3 Begonia this weekend (23 – 24 February) from 11am to 7pm daily. The exhibition will showcase resort properties from...
Continue Reading • 22 Feb 2013
Growing Asian interest in Scottish property
By Romesh Navaratnarajah: The Far East has built a relationship with Scotland through salmon and whiskey, but this is now slowly extending to property. According to UK-based property investment firm Grant Property, buyers from the Far East spend £1 million (S$1.89 million) on average for...
Continue Reading • 22 Feb 2013
Fancy a home near Abbey Road?
By Romesh Navaratnarajah: The cover of the 1969 album by The Beatles made Abbey Road a famous spot in London. And now, home buyers from Singapore can practically walk on the same street with the nearby Manor Apartments (pictured) by UK-based Residential Land launching here over the weekend, said...
Continue Reading • 21 Feb 2013
Roxy-Pacific profit rises on higher revenue
By Nikki De Guzman: Local developer Roxy-Pacific Holdings posted record results for FY2012 with net profit rising 13 percent to S$58.3 million, while revenue grew four percent to hit S$190.6 million from the previous year. The strong performance was largely due to higher revenue from its...
Continue Reading • 21 Feb 2013
Asia Pacific property professionals head to KL
By Andrew Batt:Asia’s leading property professionals and hoteliers will converge in Kuala Lumpur in May to celebrate the Asia Pacific region’s finest developments, architecture and interior design from 23 countries. The 2013 Asia Pacific Property & Hospitality Show, which...
Continue Reading • 21 Feb 2013
High-speed rail link to push up property prices
By Farah Wahida: The upcoming high-speed rail link project between Singapore and Malaysia is expected to boost property prices in both countries, according to property analysts. “We believe a high-speed rail link is going to boost the property value not only in Singapore but also in Kuala...
Continue Reading • 20 Feb 2013
Singapore, Malaysia to build high-speed rail link
By Romesh Navaratnarajah:Plans for a new high-speed rail link connecting Singapore to Kuala Lumpur have been confirmed. According to media reports, the train service is similar to those in China, Japan and Europe, where trains travel at high speeds. This is expected to cut travel time from...
Continue Reading • 20 Feb 2013
CapitaLand to develop township in Iskandar Malaysia
By Romesh Navaratnarajah: Property giant CapitaLand will develop a new township in Iskandar Malaysia after its wholly-owned subsidiary CapitaLand Malaysia signed an agreement with Iskandar Waterfront Sdn Bhd (IWSB) and Temasek Holdings to jointly acquire and develop sites in Danga Bay (A2...
Continue Reading • 20 Feb 2013
Koh Bros delivers strong 2012 results
By Romesh Navaratnarajah: Singapore-based developer Koh Brothers Group recorded a net profit of S$19.7 million and S$299.5 million in revenue last year. While revenue for 2012 was lower than in the previous year, gross profit was up 13 percent to S$50.1 million.Meanwhile, gross profit margin...
Continue Reading • 20 Feb 2013
Malaysia: No plans to hike minimum property price for foreigners
By Farah Wahida: The Malaysian government has no plans to raise the RM500,000 (S$199,870) minimum entry for foreign property buyers, according to Housing and Local Government Minister Datuk Seri Chor Chee Heung.While the ministry had considered increasing the minimum price, it found that...
Continue Reading • 19 Feb 2013
Marina One design is unveiled
By Romesh Navaratnarajah: Prime Minister Lee Hsien Loong and his Malaysian counterpart Datuk Seri Najib Tun Razak today graced the unveiling of the design of Marina One, an integrated development in Singapore’s new central business district. Developed by M+S Pte Ltd, a 60:40 joint venture...
Continue Reading • 19 Feb 2013
La Fiesta is best-selling project in Jan
By Romesh Navaratnarajah: La Fiesta (pictured) by EL Development topped the list of best-selling residential projects for the month of January recording sales of 404 units, reported Singapore Business Review. Located in Sengkang, the condo project released 500 units for sale last month at a...
Continue Reading • 19 Feb 2013
S'pore to play larger role in Iskandar
By Farah Wahida: Singapore investors and developers are expected to play a major role in Iskandar Malaysia’s property market, reported The Star.A source said that Singapore-owned Temasek Holdings had last year acquired a 30 percent stake in Central Malaysian Properties (CMP) for RM300...
Continue Reading • 19 Feb 2013
Cooling measures leave developers anxious
By Romesh Navaratnarajah:With the government keeping a close eye on the property market, developers cannot help but feel “naturally anxious” over the latest cooling measures, according to Chia Boon Kuah, the new head of the Real Estate Developers' Association of Singapore (REDAS) and...
Continue Reading • 18 Feb 2013