Bedok DBSS project receives strong response
Over 200 prospective home buyers have submitted their applications for a Design, Build and Sell Scheme (DBSS) project that was launched on 13 October.Located at Bedok Reservoir Road, the 488-unit Belvia comprises three-, four- and five-room units priced from approximately S$570 psf.This...
Continue Reading • 17 Oct 2011
London's luxury home prices see new high
Sales of luxury homes in London have achieved a new high, as foreign buyers dominate the city’s high-end residential market, according to Savills Plc.The number of homes sold for more than £5 million (S$10 million) grew from 200 to 262 in the January - September period, up 31 percent...
Continue Reading • 17 Oct 2011
78% of homes sold in Phase 4 of La Botanica, Xi'an
Property developer Surbana Land has achieved a new one-day company sales record with 78 percent of the 922 units released in Phase 4 of its La Botanica township project snapped up.Located in Xi’an, China, the four blocks released comprise one 30-storey and three 34-storey apartment blocks....
Continue Reading • 17 Oct 2011
Pattaya and Hua Hin seen as hot property spots
Pattaya and Hua Hin are becoming the hottest destinations for property investors, as developers are now seeing overwhelming demand for their projects there. Sansiri, one of Thailand’s largest property developers, recently launched Baan Saan Kram in Hua Hin, with a market value of THB1.5...
Continue Reading • 17 Oct 2011
SC Global still on top
SC Global, one of Singapore’s leading luxury property developers, continues to achieve record-breaking selling prices, effectively fetching a premium for its projects, according to a report by Singapore Business Review.Singapore’s independent stockbroking house Kim Eng revealed that...
Continue Reading • 17 Oct 2011
S$142m target for Dragon Mansion collective sale
Jones Lang LaSalle (JLL) has launched Dragon Mansion, a prime freehold residential redevelopment site for collective sale through a tender.The site comprises two plots of land — Dragon Mansion and a substation. Zoned for residential use, the sites have a total area of 39,176 sq ft and a...
Continue Reading • 17 Oct 2011
Kwong Wai Shiu Hospital plans S$70m expansion
The 101-year-old Kwong Wai Shiu Hospital in Serangoon Road is set to become the largest single nursing home hospital by 2015 after adding 200 beds to its current 400, said Health Minister Gan Kim Yong.Established in 1910, the charity hospital runs both a community hospital and a nursing home. It...
Continue Reading • 17 Oct 2011
2 CapitaLand projects win design awards
Two CapitaLand projects, The Seafront on Meyer and RiverGate, have won accolades at the Singapore Institute of Landscape Architects (SILA) Professional Design Awards 2011, which recognises and celebrates outstanding work in landscape architecture.“We are delighted that CapitaLand projects...
Continue Reading • 17 Oct 2011
China bank raises mortgage rates
The Beijing branches of China Construction Bank Corp have implemented different policies for mortgage lending rates and raised interest rates for first-time home buyers, according to a report by Xinhua News Agency.The report said that mortgage rates by China’s largest mortgage lender by...
Continue Reading • 17 Oct 2011
Keppel Land wins big for sustainability
Property developer Keppel Land has won a number of awards for its sustainability efforts.Most recently, the company was recognised as sole winner of the Singapore Awards for Sustainability Reporting (SASR) 2011 by the Association of Chartered Certified Accountants (ACCA).The award recognises...
Continue Reading • 14 Oct 2011
S'pore economy expands 5.9%, avoids recession
The Singapore economy grew 5.9 percent in the third quarter, while GDP rose 1.3 percent on a seasonally-adjusted quarter-on-quarter annualised basis, according to advance estimates released by the Ministry of Trade and Industry (MTI).The country’s GDP growth implies that its economy has...
Continue Reading • 14 Oct 2011
Serviced residences sector still performing strongly
The growing trend of companies looking abroad has resulted in greater staff mobility, which has led to a rise in business trips.As such, the number of serviced apartments in Singapore with larger living spaces and hotel-style services has grown exponentially to meet the requirements of corporate...
Continue Reading • 14 Oct 2011
First DBSS project in west to launch next week
Lake Vista @ Yuan Ching, the first Design, Build and Sell Scheme (DBSS) project in western Singapore, will be launched for sale next week, with prices ranging from S$360,500 for the smallest unit to S$680,400 for the largest flat.Located near Jurong Lake, the project offers 682 units — 258...
Continue Reading • 14 Oct 2011
China Yuanbang acquires mainland property firm
China Yuanbang Property Holdings, through its subsidiary Guangdong Yuanbang Real Estate Development Co, plans to acquire a majority stake in a mainland property developer for up to 222 million yuan (S$44.5 million).Guangdong Yuanbang Real Estate Development Co will acquire main shareholder Tao...
Continue Reading • 14 Oct 2011
SE Asia's capital markets look good compared to rest of world
Despite subdued sentiment due to erratic global financial markets, the outlook for capital markets in Southeast Asia remains positive, said a senior banker from Credit Suisse.“Southeast Asia has the best position, structurally, relative to the rest of the world,” said Helman Sitohang,...
Continue Reading • 14 Oct 2011
US agency looking to boost mortgage refinancing
The Federal Housing Finance Agency (FHFA) is expected to lay out plans to boost mortgage refinancing in the US. However, many experts disagree on how it will affect the ailing economy.The Obama administration is keen on improving the refinancing market, with the current low interest rates serving...
Continue Reading • 14 Oct 2011
Malaysia's MM2H campaign to launch in India
Malaysia Property Incorporated (MPI), a government agency which aims to promote individual and corporate foreign direct investment in Malaysia, is set to launch the Malaysia My Second Home (MM2H) campaign in India, starting tomorrow. “The three-day MM2H campaign in India is the first of...
Continue Reading • 14 Oct 2011
Accor could manage hotel at former Ogilvy Centre
Hotel manager Accor will likely oversee the new hotel at the former Ogilvy Centre conservation building opposite Lau Pa Sat, according to The Business Times.Located at the junction of Robinson Road and Boon Tat Street, Ogilvy Centre will be redeveloped as a hotel by Royal Group Holdings, with...
Continue Reading • 14 Oct 2011
Real estate transaction volumes up 36%
Global real estate transaction volumes rose 36 percent in Q3 over the same period last year to hit a whopping US$99 billion, according to Jones Lang LaSalle (JLL). For the first nine months of 2011, investment activity was at US$297 billion, a 43 percent increase year-over-year. "Real estate...
Continue Reading • 14 Oct 2011
Sansiri to develop condo project in Phuket
Thai property developer Sansiri has revealed plans to launch its first condominium project on the island of Phuket.The THB560 million (S$23 million) dCondo-branded development in Kathu will feature 556 units in three eight-storey buildings. Prices will range from THB999,000 to THB1.4 million...
Continue Reading • 14 Oct 2011