Luxury property in Phuket recorded THB 1.1 billion sales
Phuket Luxury property market accounted for transactions worth THB 1.1 billion from July to November this year, according to a market research done by C9 Hotelworks. The resale sector made up the 50 percent of the total sales.According to C9’s managing director, Bill Barnett, “this...
Continue Reading • 30 Dec 2009
Yuexiu Property acquires land plot in China for $112 million
Singapore Developer Yuexiu Property said yesterday that one of its units purchased land plot in China worth 544 million yuan or about 112 million Singapore dollars.It said that 95 percent of its owned subsidiary acquired the land plot located in Zhongshan City in Guangdong province, China through...
Continue Reading • 30 Dec 2009
Terrace homes comprise the lion's share of landed homes
Prices of landed homes continue to escalate this year in the five most renowned districts despite the setting in of price fatigue for apartments and condominiums.Credo Real Estate’s caveats analysis, which covered a period of four years from the time when residential property commenced into...
Continue Reading • 30 Dec 2009
S'pore government promises affordable homes despite housing price increases
It has been a tough ride for the property market in Singapore this year, plummeting in the first quarter before accounting a good rebound.Market experts said that the housing market will more likely continue to rise in 2010, spurred by economic recovery, as well as the opening of...
Continue Reading • 30 Dec 2009
Market ignores CapitaLand, SIA losses
Even though ‘big hitters’ such as CapitaLand and Singapore Airlines posted quarterly losses and warned of difficult days in the future, the Strait Times Index (STI) romped to 2,636 points high for over ten months.Yesterday, the second biggest airline in the world by market...
Continue Reading • 29 Dec 2009
SAEA intends to develop property agents
A push to deepen the expertise of property agents was launched by a group of estate agents.It is the Singapore Accredited Estate Agencies’ (SAEA) desire that every housing agent becomes a holder of at least one entry-level certificate of the Common Examination for Salesperson (CES) because...
Continue Reading • 29 Dec 2009
Tanah Merah condo creates early massive queue
The showflats in Singapore was scheduled to be launched on Friday. However, on Monday, most property agents had already lined up for flats at Tanah Merah's Optima condominium. They all went home when the developer TID denied to recognize the queue.This had not discouraged interested buyers from...
Continue Reading • 29 Dec 2009
Mark Vaile joins Stamford Land
Mark Vaile, the transport minister and ex-deputy prime minister of Australian, was appointed as a new independent director by the locally listed Stamford Land Corporation (SLC).Yesterday, Mr Vaile, who is living in Sydney, entered the board of Singapore company. Amongst many other directorships,...
Continue Reading • 29 Dec 2009
Developers state No forming property bubble
Many property developers enjoy the surge in interest from buyers, but they are doubtful that a speculation has arrived at a point where the government needs to get involved.The developers also maintain that the current economic status will stop a bubble formation and will start to cool the buying...
Continue Reading • 29 Dec 2009
Co-investment plan of Temasek makes a buzz
Analysts and bankers said yesterday that the plan of Temasek Holdings to raise capital from various retail investors for future co-investments could take several forms. However, regardless of the plan’s final shape, the investment firm in Singapore will probably have to further invite...
Continue Reading • 29 Dec 2009
CK Tang’s buyout probably to succeed
The shareholder’s responsible for charging CK Tang for their buyout proposal is now getting ready for defeat in a much-anticipated general meeting today.The numbers are now stacked against shareholder Mr Alan Goei, as well as other minor investors, despite the emotional and hard-fought...
Continue Reading • 29 Dec 2009
Brokers' Take
Venture Corp (VMS) will report its second quarter result in August 7. After experiencing a very difficult first quarter, VMS is expected to give a positive output in its revenue during the second quarter of 2009 and bottomline, although it was a usual slower quarter.OCBC Investment Research notes...
Continue Reading • 29 Dec 2009
A-iTrust’s Q1 DPU grows 25%
Based on the Ascendas Property Fund Trustee Private Limited, the REIT’s trustee manager, Ascendas India Trust (A-iTrust) is having a 2.06 cents distribution per unit (DPU) for its financial quarter ended 30 June 2009, a 25 percent increased compared to the same period in 2008.It said the...
Continue Reading • 29 Dec 2009
Property developers jointly celebrates topping out of Tower One
Hongkong Land, Cheung Kong (Holdings) and Keppel Land jointly celebrated Tower One’s topping out at Marina Bay Financial Centre (MBCF) on Wednesday. Mah Bow Tan, the National Development Minister, was the guest of honour during the event.Tower One has accomplished a 100% pre-commitment rate...
Continue Reading • 29 Dec 2009
HK sells land plots lower than the expected prices
The Hong Kong government sold two residential land plots at prices below market expectations in its first major land auction in two years, pressuring the stock market and property companies' shares.However, the land plots were sold at lower-than-expected prices due to its location and it did not...
Continue Reading • 29 Dec 2009
DTZ Research sees more property deals worth above $100 million
DTZ Research, a global property adviser, said that the last quarter of the financial year saw a rising trend of larger property deals in the Singapore market.The value of property deals transacted in the last quarter were larger compared to the trend of small deals over the past three quarters of...
Continue Reading • 29 Dec 2009
Housing prices in the UK drop 1.9%
Year-on-year housing prices in England and Wales dropped 1.9 percent in December, the smallest annual decline since May this year, according to property data company Hometrack.But the monthly result of housing price increases suffered a slowdown of 0.1 percent in December, compared to 0.2 percent...
Continue Reading • 29 Dec 2009
Keppel Land pays $180 million for site in China
Keppel Land has purchased a site located in northeast China through its wholly-owned subsidiary, Da Di Investment, for $180 million. A residential township is being planned on the 30-hectare parcel of land, which is in Shenyang. It will comprise some commercial developments and around 6,000...
Continue Reading • 29 Dec 2009
Property bubble due to herd instinct
It appears that the recent surge in new condominium developments sales is a blessing, despite the fact that things could develop into a bubble.But the quite attractive terms offered by the developers seemed to verify that this could only be speculative demand. Within eight weeks, a 15 percent...
Continue Reading • 29 Dec 2009
Markets gear up for reality check
The month of July becomes good news for everything. It all began with the amazing jump of GDP growth figures for this year’s second quarter, which the economist quickly saw that the year growth estimates has inclined. Then, based on property data, the second quarter of 2009 was among the...
Continue Reading • 29 Dec 2009