Overseas Latest News

The Sino-Singapore Tianjin Eco-city is seeing increased competition, as another landmark eco-city forms in Tianjin.Headed by an Italian consortium, the design of the Eco Nanhe Town — Nanhe Jingwu takes inspiration from the urban studies of Leonardo da Vinci for Milan in the late 15th...

Continue Reading • 28 Feb 2011

After fake marriages and divorces, the latest trick used by mainland investors to evade tight curbs on home purchases is fake lending.Residents in key cities are prohibited from purchasing a third home, while non-locals can acquire only one home, provided that they present proof of payment of...

Continue Reading • 24 Feb 2011

Prices of the most expensive homes in London will probably rise by up to 10 percent in 2011, as foreign buyers compete for a limited number of available “super-prime” properties, said London-based property adviser Knight Frank.Prices of homes and apartments costing over £10...

Continue Reading • 23 Feb 2011

The Beijing government has made it more difficult for non-locals to purchase a flat but there is a way to beat the restrictions — marriage.The new measures announced by the capital earlier in February targeted non-locals, in order to clamp down on speculation in the real estate market.They...

Continue Reading • 23 Feb 2011

The Hong Kong government is cracking down on property developers and agents who use misleading show units to attract buyers, after a similar move by Singapore authorities.According to The Straits Times, some developers remove boundary walls to make showflats appear bigger and show off bay windows...

Continue Reading • 22 Feb 2011

More mainland cities have followed Beijing in restricting further purchases of third homes, with cities like Shanghai responding to the government’s latest measures to curb property speculation.Shanghai and Nanjing announced a new set of restrictions, prohibiting families from acquiring...

Continue Reading • 21 Feb 2011

CapitaLand has announced that its China unit, CapitaLand China Holdings, along with two Hong Kong-based partners, will develop 7,800 low-density and high-rise homes in a 575,787 sq m waterfront site in Panyu District in Guangzhou, China.The site, which is located along the Pearl River, has a...

Continue Reading • 21 Feb 2011

Economists have cautiously welcomed changes in China’s system of reporting real estate price data, saying that the reforms would enhance earlier methods that seriously underestimated inflation in the housing sector.The National Bureau of Statistics (NBS) said it was scrapping the nationwide...

Continue Reading • 18 Feb 2011

The Chinese government has announced tighter rules to limit purchases of multiple homes in Beijing, in an attempt to curb escalating real estate prices.Under the new rules, which are based on the guidelines issued by the central government in late January, only those who have residency permits in...

Continue Reading • 17 Feb 2011

Gaysorn Property, which develops branded properties for refined quality living, is gearing up to launch its second condo project on Sukhumvit Soi 61.The THB1.3 billion (US$42.35 million) condo project, Mode Sukhumvit 61, is expected to be launched next month. It comprises two eight-storey...

Continue Reading • 16 Feb 2011

W Hotels Worldwide has opened the doors of W Taipei, its 39th hotel globally, located in the Central Business District (CBD) of Xinyi. Its opening coincides with the opening of W London  ̶  Leicester Square, which will become the brand’s 40th hotel worldwide.W Taipei offers 405...

Continue Reading • 15 Feb 2011

The latest property measures implemented by the central government are providing extra momentum for rent increases in many Chinese cities, according to a survey conducted by the China Youth Daily.The survey showed that 81.6 percent of the 4,060 respondents mostly from cities like Shanghai and...

Continue Reading • 14 Feb 2011

Sales in Hong Kong’s secondary home market are picking up again, said realtors.Buggle Lau Ka-fai, Chief Analyst at Midland Realty, said the “number of secondary transactions in major residential projects rose to around 40” last week, “which is close to the normal...

Continue Reading • 14 Feb 2011

Home prices in Hangzhou are the highest in China, with an average home costing of 25,840 yuan psm, while Beijing ranked second, with an average home price of 22,310 yuan psm.This was followed by Shanghai, which recorded a decline in home prices to 19,168 yuan psm, according to the Property Price...

Continue Reading • 11 Feb 2011

Hong Kong’s housing market will likely see at least 10,000 new flats this year but prices are also expected to continue to increase, said Justin Chiu Kwok- hung, Executive Director at Cheung Kong.“More than 17,000 flats will be needed this year and the 10,000 units will not be...

Continue Reading • 11 Feb 2011

For the first time, individual serviced apartments are up for sale in Hong Kong.The launch by the Ovolo Group will test the appetite of the market, as well as allow the company to raise cash for expansion, as real estate prices continue to escalate.“This move has been done before, with...

Continue Reading • 10 Feb 2011

Real estate investment in Malaysia will see its golden era in the next 10 years, said Gavin Tee, Founding President of Swhengtee International Real Estate Investors Club (Swhengtee International REI Club).Mr. Tee recently predicted that the Malaysian property market should have matured by 2020...

Continue Reading • 9 Feb 2011

Home prices in Hong Kong resumed their upward trend last month, after a dip in December, increasing an average of 2.1 percent month-on-month.Home buyers were returning to the market after the government implemented another set of cooling measures in November, which aimed to curb price growth and...

Continue Reading • 8 Feb 2011

The prices of four major housing estates in Hong Kong exceeded their 1997 highs in January, just as real estate prices showed a slight sign of easing.Prices in Westlands Court, City Garden, Whampoa Garden in Hung Hom and Chi Fu Fa Yuen in Pok Fu Lam all surpassed their previous 1997 highs in...

Continue Reading • 8 Feb 2011

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