MGallery opens two unique hotels in Thailand
MGallery has announced the addition of two unique resorts to its collection of distinctive hotels in Thailand — the Veranda High Resort in Chiang Mai and Veranda Resort & Spa in Hua Hin-Cha Am.“We are delighted to add these two properties to the MGallery Collection,” said...
Continue Reading • 17 Mar 2011
China property prices fall as cooling measures bite
Real estate developers in China have been forced to reduce the asking prices of new housing projects, as the government continues to implement cooling measures intended to restrain demand and price growth in the mainland’s real estate market, a trend that indicates the realisation of...
Continue Reading • 17 Mar 2011
Central London property remains a safe investment
The property market in Central London has been recovering continuously in recent months, with strong price growth and resilient demand for properties.While prices in the broader UK market dropped by more than one percent in the year to January, Central London saw continued double digit increase,...
Continue Reading • 15 Mar 2011
More stringent home-buying regulations for Beijing
In an attempt to rein in the overheating real estate market, Chinese authorities have banned the local government from selling land above record highs.The Ministry of Land and Resources also said it will raise the supply for public rental housing and fixed-price small- and medium-sized units this...
Continue Reading • 15 Mar 2011
Shanghai Spring 2011 set for grand opening
Shanghai Spring 2011 is set to be open from 17 to 20 March at the Shanghai Exhibition Center. Over 300 property and real estate exhibitors in both domestic and overseas realty have confirmed participation.Spring has also launched its Overseas Property Investment Hall to cater to Chinese property...
Continue Reading • 14 Mar 2011
CB Richard Ellis to manage Infinity Samui in Thailand
CB Richard Ellis (CBRE) Thailand has been appointed the new property manager for Infinity Samui, a new luxury apartment development in Koh Samui by Infinity Properties Company Limited & Vertuz Development.Situated approximately 20 minutes from Samui International Airport, the...
Continue Reading • 14 Mar 2011
Hong Kong home prices hit 13-year high
Hong Kong’s home prices have accelerated to a 13-year high in the week ended 6 March, raising concerns about the effectiveness of government efforts to cool down the sizzling real estate market.The Centa-City Leading Index, compiled by Hong Kong's largest closely held realtor, surged 1.7...
Continue Reading • 14 Mar 2011
Thailand's Pruksa set to launch slew of new projects
Thailand’s Pruksa Real Estate plans to lead the detached homes market in two years, with the launch of eight new projects for the first quarter this year.Pruksa controls 21 percent of the THB70 billion (US$2.3 billion) per year in Thailand’s detached house market, while Land &...
Continue Reading • 11 Mar 2011
Chinese developers to cut home prices
China is prepared to build more low-cost housing over the next five years. This has prompted some developers to start cutting home prices, as affordable public housing is set to out-do the private sector.Meanwhile, Xinyi Glass (868) has already reached its record high this week to meet the demand...
Continue Reading • 11 Mar 2011
New launches in Malaysia to cost more
New property launches in Malaysia will cost 13 percent more in the first half of this year due to higher construction costs, with terrace houses in the Klang Valley and Penang areas set to increase by as much as 50 percent due to land scarcity.“Suffice to say, prices will be trending...
Continue Reading • 11 Mar 2011
Thailand's Supalai to unveil 16 new projects
Thai property developer Supalai is planning to launch 16 new projects in Bangkok, which could generate up to THB13 billion (US$426 million) in sales this year.All new developments are located in Bangkok’s city centre and will be launched at affordable prices, as the company targets home...
Continue Reading • 10 Mar 2011
China plans 10 million low-cost housing units this year
A Chinese Cabinet official announced that Beijing is set to invest US$200 billion this year to build 10 million low-cost housing units, in a move to spread the proceeds of economic growth to the poor and to regulate staggering speculation.Qi Ji, the Deputy Housing Minister, said that the 10...
Continue Reading • 10 Mar 2011
W Bangkok to be completed in 2012
W Bangkok has been topped off and the construction works are slated for completion in mid-2012.Structural work has been completed on the unique and promising high-end hotel’s 408 rooms and extensive facilities.The property, which also comprises 73,000 sq m of Grade A office space, will form...
Continue Reading • 9 Mar 2011
Hong Kong to face insufficient housing supply
The red-hot property market in Hong Kong has left private residential prices unaffordable and the trend is expected to continue for the next 20 years, according to a research report released by the Royal Institution of Chartered Surveyors (RICS).The report on property affordability over the next...
Continue Reading • 8 Mar 2011
China's less wealthy cities see land price hikes
Less wealthy Chinese cities may lose their advantage this year, as their land prices soar, said Credit Suisse Group AG.In some less affluent Chinese cities, land prices surged faster than residential prices, putting property developers’ profit margins under pressure, said analysts, headed...
Continue Reading • 3 Mar 2011
China's property measures may lead to pent-up demand
China’s newest measures to cool down the property market will not lower prices but rather, result in pent-up demand, said Jason Leow, Chief Executive of CapitaLand China.The Chinese capital is worried about overheating in the property market, after several months of escalating home prices...
Continue Reading • 3 Mar 2011
China's property market not in a bubble
China’s real estate market is not in a bubble, according to Morgan Stanley. The country’s property sector lacks the defining characteristics of a bubble: valuations, a sharp and steady increase in prices and excessive financial leverage.Going by all three factors, China is “just...
Continue Reading • 2 Mar 2011
W Hotels makes Indonesian debut
W Hotels Worldwide has launched W Retreat & Spa — Seminyak, its third Retreat to open in the past 12 months and the first W Hotel in Indonesia.“We are excited to bring the W brand to Bali,” said Miguel Ko, President and Chairman of Starwood Hotels & Resorts, Asia...
Continue Reading • 2 Mar 2011
Pullman opens first hotel in Indonesia
Pullman has entered the Indonesian market with the opening of Pullman Bali Legian Nirwana, a five-star resort-style hotel situated at the nexus connecting the prime entertainment and shopping areas of Kuta and Legian.Philippe Battle, General Manager of Pullman Bali Legian Nirwana, commented,...
Continue Reading • 1 Mar 2011
New Treasure Bay resort set to transform Bintan
Treasure Bay Bintan, the 835 acre world-class water resort city being developed on the coast of Bintan, looks set to transform the island into a tourism hub.Phase One of the project covers 222 acres of land, with construction due for completion by 2015. With a development cost of S$425 million,...
Continue Reading • 28 Feb 2011