Banks set to gain from new measures
Banks would benefit from the new set of measures announced by the Singapore government to stabilise property prices and promote greater financial prudence among homebuyers, said Moody's Investors Service.Singaporean banks will benefit over the medium term as their exposures to future property...
Continue Reading • 9 Sept 2010
Hike in property sales triggers 'tightening' speculation
The Chinese government's cooling measures in the property market are thought to have faltered as property sales have increased, prompting speculation that the government may introduce more tightening measures.Cities like Shanghai saw an increase in housing transactions in August over the previous...
Continue Reading • 9 Sept 2010
HK firm eyeing prime site in Singapore
Hong Kong-based Gaw Capital Partners hopes to enter into the Singapore property market with its bid to purchase Capitol Theatre and nearby properties at City Hall.The private equity fund manager plans to develop an iconic hotel and entertainment project on the site if it wins the bid, said...
Continue Reading • 9 Sept 2010
UOA Group opens Singapore office
Malaysian property developer UOA Group has opened a property sales gallery and customer service centre at Suntec City, as part of the company’s expansion plans to target Singaporeans and other foreign buyers eyeing its high-end residential and commercial developments.“It is a common...
Continue Reading • 9 Sept 2010
Sansiri unveils Thai-style design concept
Thai property developer Sansiri has announced plans to include Thai heritage concepts into the design of its new residential projects under the Setthasiri Thai Series.Manu Trakulwattanakit, head of the design solution department at Sansiri, announced that after seven years of single-detached...
Continue Reading • 9 Sept 2010
Hungry Ghost Festival scares buyers away
Property buyers were spooked during the Hungry Ghost Festival this year, with only three properties amounting to $5.23 million sold at auction, and none of them were residential properties, according to data released by Colliers International.In contrast, a total of 14 transactions amounting to...
Continue Reading • 9 Sept 2010
NV Residences affected by cooling measures
The cooling measures announced last week has affected the first major residential project to be launched since August 30.At yesterday’s preview of NV Residences located in Pasir Ris, the developers had sold approximately 160 units of the 200 units launched in the 99-year leasehold, 642-unit...
Continue Reading • 9 Sept 2010
Thai developer launches new business unit
Thailand-listed property developer Asian Property Development (AP) has announced the launch of its new business unit that is dedicated to the development of new projects for the mass market segment.The new unit is part of AP’s new business model, which divides its business operations into...
Continue Reading • 8 Sept 2010
US mortgage bond prepayments rise in August
Principal prepayments of the US$5 trillion mortgage-backed securities (MBS) rose in August, as mortgage rates declined, according to online data provider eMBS.The data showed that the 4.5 percent constant prepayment rate that Fannie Mae MBS issued in 2009 and 2010 jumped in August to 18.8 percent...
Continue Reading • 8 Sept 2010
Major developers in HK hoarding land
The sky-rocketing property prices in Hong Kong are believed to have been caused by the short supply of land.However, a report by the South China Morning Post said that six big Hong Kong developers - Henderson Land, Kerry Properties, Sino Land, Sun Hung Kai Properties, New World Development and...
Continue Reading • 8 Sept 2010
JLL puts residential site up for sale
A freehold residential development site at Lim Tua Tow Road has been put up for sale by global property services group Jones Lang LaSalle, which is the sole marketing agent for the property.The 43,335 sq ft Glenville site is zoned for residential use and can yield a maximum permissible gross...
Continue Reading • 8 Sept 2010
Jalan Eunos site draws 5 bids
A 41,261.2 sq m residential site at Jalan Eunos received a total of five bids in a public tender that closed yesterday.The top bid was $257.8 million, offered through a joint bid between Tuas Technology Park Pte Ltd. and OPH Marymount Ltd. This translates to around $4,462.43 psm of gross floor...
Continue Reading • 8 Sept 2010
HDB releases two more residential sites
HDB has released two residential sites located at Sengkang Square/Compassvale Road and Pasir Ris Drive 1/Elias Road for sale.The site at Pasir Ris Drive 1/Elias Road was released for sale under the Confirmed List of the H2 2010 GLS Programme, while the parcel at Sengkang Square/Compassvale Road...
Continue Reading • 8 Sept 2010
Sino Land annual profit up, but property sales dive
Hong Kong-listed property group Sino Land saw a huge jump in annual net profit, but recorded a decline in underlying profit, dropping 2.62 percent for the year due to lower property sales.Sino Land’s net profit, including revaluation surplus, surged 63 percent to HK$6.09 billion, while...
Continue Reading • 7 Sept 2010
Chinese insurers allowed to invest in real estate
The central government of China will allow insurers to extend their investment channels into real estate and private equity, a move that could unleash up to US$100 billion worth of new funding into the property sector and unlisted companies.According to rules published on the China Insurance...
Continue Reading • 7 Sept 2010
Hong Kong sees decline in private home sales
Ten of the largest private developments in Hong Kong have seen a decline in transactions of used apartments for the second consecutive week, as sellers held out for their listed asking prices following back-to-back government land auctions that beat estimates.The week that ended on Sunday saw 36...
Continue Reading • 7 Sept 2010
Bangkok properties continue to boom
New condominium projects are sprouting up across the Thai capital, but investors and developers are not too worried about a property bubble forming.Property stocks in Thailand have been strong with the real estate stocks index up 28 percent in the last three months. A number of listed firms have...
Continue Reading • 7 Sept 2010
Beijing tightens mortgage lending once again
Financial institutions in Beijing have tightened mortgage lending once again, with 80 percent of banks adjusting the discounts on mortgage rates for first-timers, from 30 percent down to 15 percent, according to The Beijing Times. Meanwhile, minimum down payment for first-time homebuyers has been...
Continue Reading • 7 Sept 2010
CapitaLand subsidiary wins Bedok site tender
A state land parcel at New Upper Changi Road and Bedok North Drive has been awarded to Brilliance Residential Ltd. and Brilliance Trustee Ltd. after it offered the highest bid in a public tender that closed on September 1. The two companies, which are wholly-owned subsidiaries of CapitaLand Ltd.,...
Continue Reading • 7 Sept 2010
Buyers cautious on property purchases
The government measures introduced last Monday to cool property speculation seems to have greatly affected the mass-market segment, with smaller crowds at showflats and fewer sales recorded over the weekend.On the other hand, prime properties still saw some interest from genuine buyers.No new...
Continue Reading • 7 Sept 2010