Intercontinental Residence in Bangkok officially launches
Intercontinental Residence, a joint venture (JV) project involving companies with over 10 years of experience in property development, was officially launched yesterday at a gala ceremony in Bangkok.Located on Bangkok’s Soi Sukhumvit 13, the condo project comprises 145 units in an...
Continue Reading • 21 Sept 2011
Home loan rates will likely climb next year, warn analysts
Analysts warn that Singapore's interest rates will likely climb in March next year, according to a Channel NewsAsia (CNA) report.This means that loans, which currently range from one to 1.2 percent, will likely increase by as much as 0.3 percentage points by early next year. This comes even if...
Continue Reading • 21 Sept 2011
Asia luxury home prices rise amid market turmoil
Owners of “ultra prime” homes in Asia have seen the values of their properties rise amid the global economic crisis, particularly in Singapore and Mumbai.The increase in value of luxury properties, defined as homes valued above £10 million (US$15.7 million), has been less...
Continue Reading • 21 Sept 2011
Roxy Pacific safe from liquidity crisis, says CIMB
Roxy Pacific Holdings is expected to launch three more projects in Q4 2011 but the property and hospitality group is now more cautious about acquisitions, given the increasing macro risks, said CIMB in a report.“Despite recent macro uncertainties, we expect ROXY to launch three more...
Continue Reading • 21 Sept 2011
EC sales pick up with new income ceiling
Sales of executive condos (ECs) have picked up after last week’s announcement that the higher income ceiling of S$12,000 would apply to five other EC projects with unsold units.According to Qingjian Realty, over 50 EC units have been snapped up at RiverParc Residence in Punggol since last...
Continue Reading • 21 Sept 2011
Samsung unveils smart cleaning robot
Samsung Electronics Co., Ltd., one of the world’s leading innovators in home appliances and consumer electronics, has launched the NaviBot-Silencio, a smart robotic cleaner that offers hands-free, automated floor cleaning.Equipped with a speedy and accurate Visionary Mapping™ System,...
Continue Reading • 20 Sept 2011
Singapore luxury home market facing a changing landscape
Foreign investors continue to change the landscape of the luxury property market in Singapore.According to Cushman and Wakefield’s analysis of URA caveats lodged, Indonesians and mainland Chinese formed the majority in the upmarket segment this year, followed by Malaysians, Indians and the...
Continue Reading • 20 Sept 2011
London house prices perk up in September
Home sellers in London have raised their asking prices this month due to a lack of properties in the market and as investors seeking safer assets bolstered values amid the financial turmoil, according to Rightmove plc.New data shows that asking prices climbed 2.4 percent in September from 3.4...
Continue Reading • 20 Sept 2011
Private property demand to remain high despite global slowdown
Demand for private property in the country will remain high amid the turmoil in the stock market and the economic concerns in the United States and Europe, according to an article by TODAYonline.Experts noted that demand for private properties will be further enhanced by the demand in the public...
Continue Reading • 20 Sept 2011
PropNex looks to tap Malaysian property sector
Singapore-based property solutions company PropNex International Ltd has announced that it will be participating in the upcoming Sarawak Builders Expo (Sarbex) 2011, which will be held at the Borneo Convention Centre Kuching (BCCK) from 30 September to 2 October 2011.According to Stuart Tan,...
Continue Reading • 20 Sept 2011
Hong Kong mortgage rates go up
Hong Kong’s tightening liquidity may increase mortgage rates in China, said the head of HSBC Holdings Plc in Asia, sending real estate sentiment into an even faster downward spiral.HSBC raised its mortgage rate for the Hong Kong interbank offer rate (Hibor) to between 2.3 and 2.7 percent...
Continue Reading • 20 Sept 2011
China private equity funds see upside as credit tightens
Although China’s credit tightening on the property sector has provided opportunities for domestic property-based private equity funds such as CURA, it has also created higher capital-raising concerns for the funds.“Developers used to feast on bank loans and the stock and bond markets....
Continue Reading • 20 Sept 2011
Singapore's property demand won't slow, CapitaLand says
The government’s cooling measures will not slow the demand for residential properties in Singapore, according to Wong Heang Fine, CEO of CapitaLand Residential Singapore.He noted that prices will keep rising this year, though at a moderate pace. He also said that high liquidity and...
Continue Reading • 19 Sept 2011
Jones Lang looks to expand business in Asia
Jones Lang LaSalle (JLL), one of the world’s leading property service companies, has announced plans to expand its business ventures in the Asia Pacific region.The group is expected to make two acquisitions in Asia Pacific in the next six months to boost its product offerings. It is...
Continue Reading • 19 Sept 2011
Greener buildings can boost property values
Retrofitting commercial buildings in Singapore can boost their value. With expected savings of up to 10 percent on operating expenses, commercial buildings can yield a two percent increase in capital value, according to a joint study by the Building and Construction Authority (BCA) and the...
Continue Reading • 19 Sept 2011
Slow start for US$7.6b fund to fight foreclosures
The US government has distributed around one percent of its US$7.6 billion federal fund to help homeowners manage foreclosures, according to reports.In February 2010, the Hardest Hit Fund was granted to 18 states most affected by depreciated home prices and unemployment. The states established...
Continue Reading • 19 Sept 2011
Inflation pressure to ease in 2011
Though Singapore’s inflation rate hit 4.8 percent last year, it is expected to ease off to three percent this year, according to DBS.“Inflation figures for August 11 will be announced this Friday and a forecast of 4.7 percent year-on-year has been pencilled in our forecast, down from...
Continue Reading • 19 Sept 2011
India Property Show targets NRIs in Singapore
The Hindu & Hindustan Times India Property Show 2011 was held at the Singapore Expo over the weekend, showcasing the largest selection of pan-Indian properties to Singapore and the region.The event, which marked a collaborative effort between The Hindu and The Hindustan Times in conjunction...
Continue Reading • 19 Sept 2011
China's home prices unchanged in August
China’s housing inflation eased slightly last month, with home prices in major cities remaining unchanged for the second straight month, revealed official data released on 18 September.According to Reuters’ calculations, new home prices climbed 4.1 percent in August from a year ago,...
Continue Reading • 19 Sept 2011
Another 105 units at A Treasure Trove snapped up
Another 105 units have been sold at A Treasure Trove over the weekend, taking the total sales for the 99-year leasehold condo development to 625 units, according to a report by The Business Times.The report said that the average price of the newly released units have been raised from the original...
Continue Reading • 19 Sept 2011