Top Global to establish property business
Catalist-listed Top Global is planning to establish a real estate investment and development business in Singapore, Malaysia, Indonesia and China, as well as lease or acquire hotels in Chinese cites, said Hano Maeloa, CEO of the company.Top Global recently set up a real estate consultancy firm in...
Continue Reading • 8 Feb 2011
Australian lenders cut loans to parents
Australian borrowers who have children are being offered smaller home loans, due to their inability to meet mortgage repayments.Since the introduction of the new laws on 15 January for responsible lending, many banks and lending institutions in the country have cut the maximum amount of mortgages...
Continue Reading • 8 Feb 2011
JLL posts exemplary 2010 result
Jones Lang LaSalle (JLL) has announced that its net income for the year ended 31 December, 2010 rose to $154 million on a US GAAP basis or $3.48 per share, against a net loss of $4 million or $0.11 per share for the same period last year.The company’s revenue reached a record high of $2.9...
Continue Reading • 8 Feb 2011
Queens' unit prices continue to rise
Prices of units at the 99-year leasehold Queens have appreciated over the years, since their launch in 2000. Recently, some homeowners took the opportunity to cash out as prices surged above S$1,100 psf, seeing gains of over 50 percent.Prices reached a high of S$1,284 psf when a 914 sq ft unit on...
Continue Reading • 7 Feb 2011
UK mortgage lending drops to 1980s level
Mortgage lending in the UK dropped to its lowest level in two years, with 42,500 mortgage arrangements recorded at the end of last year.The total amount of lending also plummeted to £8 billion in 2010, compared to £11 billion recorded in 2009. Many experts noted that the mortgage...
Continue Reading • 7 Feb 2011
Some showflats remained open during the holidays
A number of property developers opened their residential showflats to potential buyers over the long Chinese New Year weekend.Developers in Singapore traditionally close their showflats over the holiday period as sales are likely to be very low. However, this trend is now changing, as more...
Continue Reading • 7 Feb 2011
China property bubble to burst next year
Things will soon come crashing down for China’s hot real estate market, with the Chinese banking system failing to generate sufficient credit to sustain further increases in property prices, said Gillem Tulloch, Managing Director of Forensic Asia Ltd.“We think that the bubble will...
Continue Reading • 7 Feb 2011
Investors encouraged to consider developed markets
While internationally focused investors may still be hot on Asian and emerging markets, a growing group of fund managers say investors should not overlook developed markets altogether.This comes amid fears expressed by some market watchers that emerging markets are seeing more...
Continue Reading • 7 Feb 2011
Indonesia offers opportunities for Singapore companies
Indonesia is among the hottest markets for businesses seeking to tap the rapid growth in Asia and Singapore firms which already know the nation should begin looking at its energy- and mineral-rich eastern islands, said Stephen Bailey, CEO of the Washington-based political risk consultancy...
Continue Reading • 7 Feb 2011
District 19 estates becoming a hit
Evergreen estates in Marine Parade, Siglap and Katong in District 15 remained on the top lists for home buyers in 2010, though some new areas gained popularity as well.About 4,053 non-landed property transactions were recorded in District 15, nearly 12 percent of the total 34,767 caveats...
Continue Reading • 7 Feb 2011
AllProperty Media acquires Rumah.com
AllProperty Media, which owns PropertyGuru.com.sg, the leading online property portal in Singapore, has agreed to buy Indonesia’s top property website, Rumah.com.The agreement comes two weeks after AllProperty Media's announcement of the launch of www.HomeGuru.com.my in Malaysia and the...
Continue Reading • 7 Feb 2011
Chinese Premier promises to curb property speculation
Chinese Premier Wen Jiabao has promised to curb property speculation and increase the supply of affordable housing, after home prices surged in January, as many home buyers defied the government’s cooling measures.According to SouFun Holdings Ltd, January’s home prices saw the biggest...
Continue Reading • 7 Feb 2011
US mortgage fix programme more stable in December
The main housing rescue programme of the Obama administration showed more signs of stabilisation in December, as the number of people who received permanent modifications during the month exceeded the number of those who exited the programme.A total of 30,030 homeowners received permanent loan...
Continue Reading • 2 Feb 2011
19% of service companies see favourable H1 2011
About 19 percent of companies in the service sector expect favourable business prospects for the first half of 2011, compared with the July to December 2010 period, according to the Business Expectations Survey for the service sector, conducted by the Department of Statistics Singapore.This net...
Continue Reading • 2 Feb 2011
Tuan Sing delivers strong full-year results
Property developer Tuan Sing Holdings has posted a strong set of results, with net earnings jumping 53 percent to S$68.2 million for the year ended 31 December 2010, while full-year revenue rose 24 percent to S$274 million, from S$220.2 million a year ago.The strong full-year results were largely...
Continue Reading • 2 Feb 2011
CapitaLand Residential Singapore CEO named new Redas boss
Wong Heang Fine, CEO of CapitaLand Residential Singapore, has been appointed the new president of the Real Estate Developers Association of Singapore (Redas).This followed the decision of Amara Holdings CEO Albert Teo to decline the position, said some sources. Mr. Teo was believed to have been...
Continue Reading • 2 Feb 2011
PM Lee promises to maintain affordable housing
The Singapore government promises to do more to stabilise the property market, if necessary, said Prime Minister Lee Hsien Loong in his Chinese New Year message.“The government has acted to curb speculation and cool the property market. We will do more to stabilise the market if and when...
Continue Reading • 2 Feb 2011
88 units sold at Waterfront Isle preview
Property developers Frasers Centrepoint and Far East Organization announced that they have sold 88 units in the 99-year leasehold Water Isle development, located in the Bedok Reservoir area, over the past few days.The developers released 132 units in the 561-unit project at a preview which began...
Continue Reading • 2 Feb 2011
Consortium signs building agreement for Capitol project
The building agreement for the Capitol sale site was signed yesterday, between the Singapore government and the consortium that will oversee the transformation of the site into a mixed-use development, comprising retail, residential, hotel, arts and entertainment facilities.The S$750 million...
Continue Reading • 2 Feb 2011
Most Singaporeans satisfied with quality of life
While Singaporeans have higher levels of confidence in the economy and future of the country, they are concerned about issues like public housing affordability and employment opportunities for the needy and elderly, according to a new survey.Commissioned by Reach, the feedback arm of the...
Continue Reading • 1 Feb 2011