CBRE to hold free property seminar in Singapore
Exceptional rental demand, a booming population and unprecedented government inner-city investment are now the major factors contributing to a promising property outlook in Perth, Australia.In line with this, global commercial real estate services firm CBRE will conduct a free seminar in...
Continue Reading • 12 Mar 2012
Former inmate fleeced by rogue agent
Some families resort to selling their flats just to pay their loans and short-term expenses, something dishonest real estate agents have taken advantage of, said Khaw Boon Wan, Minister for National Development. To illustrate such a concern, Khaw mentioned the case of former prison inmate Ahmad...
Continue Reading • 12 Mar 2012
Charlton Residences fully sold less than four months from launch
All 21 units at Charlton Residences (pictured) have been sold for a total sales value of S$59.6 million, less than four months after the freehold residential project was launched.Developed by SingXpress Land as its maiden project in Singapore, Charlton Residences is located near Kovan MRT...
Continue Reading • 12 Mar 2012
London still top property investment pick
Prime London property remains a hot investment pick, outperforming many international markets, as property values climbed about 45 percent since the end of 2008, said James Macleod, founding partner of JMChase Property Advice and Acquisition.Macleod told PropertyGuru that some clients have seen...
Continue Reading • 9 Mar 2012
Global home prices to fall in 2012
The Knight Frank Global House Price Index (GHPI), which tracks the performance of mainstream home prices worldwide, showed that global home prices dropped in 60 percent of the countries tracked by the index.Knight Frank said if this trend continues to spread, the overall GHPI could fall into a...
Continue Reading • 9 Mar 2012
Lucas Chow appointed CEO at Orchard Parade Holdings
The management of Orchard Parade Holdings Limited (OPHL) will undergo a reshuffle, with Lucas Chow (pictured) appointed as Chief Executive Officer and Managing Director, and Vincent Yik as the new Chief Financial Officer, effective 15 March. Chow already serves as an Executive Director at Far...
Continue Reading • 9 Mar 2012
Rising mortgage rates threaten UK economy
The higher interest rates charged by some UK mortgage providers will likely encourage lenders to do the same in the coming months, posing a threat to the recovering economy.While exports remain weak over the uncertain growth in the Eurozone, the UK economy will mainly depend on consumer spending...
Continue Reading • 9 Mar 2012
Developers' landbanks healthy amid strong sales
Although home sales have been robust, developers kept their land banks healthy with new land sites coming onstream. DTZ Research revealed that many developers have thousands of units in their landbanks. City Developments and its parent company Hong Leong Group own the biggest stock with...
Continue Reading • 9 Mar 2012
Boom time for London rentals
With the Olympics still more than four months away, booking enquiries for London rental properties during July and August have increased by a massive 695 percent compared to the same period last year. As the date of the Games loom large, UK holiday rentals website HomeAway.co.uk is expecting that...
Continue Reading • 9 Mar 2012
IRs having limited impact on home prices: report
The two Integrated Resorts (IRs) in Singapore have had limited impact on private home prices in the area, according to the latest report by DTZ Research. The consultancy said that following the opening of Resorts World Sentosa and Marina Bay Sands (pictured) – home prices in Sentosa and...
Continue Reading • 9 Mar 2012
Property outlook still gloomy as Shanghai tightens measures
Shanghai will not loosen its grip on home buying restrictions, revealed party Chief Yu Zhengsheng.According to a report by the Shanghai Securities Times, local authorities in the financial centre have, in fact, tightened property cooling measures by restricting unmarried adults from purchasing a...
Continue Reading • 8 Mar 2012
Ballymore to launch Embassy Gardens in April
Ballymore Group will launch its prestigious new Central London development, the Embassy Gardens, at the St. Regis Hotel Singapore this coming 27 to 29 April.The residential project is located on the banks of the Thames and near London’s cultural Southbank and premium residential...
Continue Reading • 8 Mar 2012
Ex-partners take Royal Brothers founder to court
Two ex-business partners have filed a case against Royal Brothers Group co-founder Asok Kumar Naraindas for allegedly cheating them of their rightful share of profits from the Park Regis Singapore (pictured) sale, according to a Business Times report.Former Park Regis Singapore shareholders AMW...
Continue Reading • 8 Mar 2012
Little-known company offers top bid for Hillview site
A little-known company owned by three Chinese nationals has offered the highest bid of S$243.22 million for the Hillview residential site tender that closed on 6 March 2012.Submitted by Kingsford Development Pte Ltd, the S$243.22 million bid works out to around S$638 psf ppr, well ahead of the...
Continue Reading • 8 Mar 2012
New hawker centres planned for 7 towns over next 5 years
Singaporeans can look forward to new hawker centres to be built in seven towns over the next five years, as announced by Grace Fu, Senior Minister of State for the Environment and Water Resources.The towns that will receive one hawker centre each are Yishun, Punggol, Bukit Panjang, Jurong West,...
Continue Reading • 8 Mar 2012
More delays for Profitable Plots investors
A Subordinate Court judge this morning issued another adjournment in the on-going investigation against Singapore’s Profitable Plots Pte Limited.The hearing heard from Defence Council Wendell Wong of Drew and Napier said that the Singapore’s Commercial Affairs Department (CAD) had...
Continue Reading • 8 Mar 2012
Hillview residential site awarded for S$243.2m
The Urban Redevelopment Authority (URA) has awarded the tender for a residential site at Hillview Avenue (pictured) to Kingsford Development Ltd, a little-known company owned by three Chinese nationals.Kingsford offered the top bid of S$243.22 million, which works out to around S$638 psf ppr,...
Continue Reading • 8 Mar 2012
KTC Group launches maiden property project
Construction company KTC Group has made its first venture into the real estate market with the launch of its maiden project, Summer Scent, a freehold residential development at the junction of Upper Serangoon Road and Hougang Avenue 2.Developed by KDC (Kovan) Development, Summer Scent offers 16...
Continue Reading • 8 Mar 2012
China to continue housing measures
China’s central government will continue to implement property cooling measures in order to bring down home prices to reasonable levels, according to Premier Wen Jiabao.“We will strictly implement and gradually improve policies and measures for discouraging speculative or...
Continue Reading • 8 Mar 2012
Candy gets sweet deal at The Plaza hotel
Christian Candy, the co-owner of Candy & Candy, which helped develop London’s One Hyde Park complex, has acquired a penthouse apartment at Manhattan’s The Plaza hotel (pictured) at a 31 percent discount.According to a statement released by Candy & Candy, the 6,500 sq ft...
Continue Reading • 8 Mar 2012