Hong Kong's mass residential, luxury property deals on the rise
Mass residential and luxury property transactions in Hong Kong are seeing an upward trend, following recovery from a dip in November 2010, said Knight Frank in its January 2011 monthly real estate report.“The quick revival was attributed to the fading impact of the new measures, on the back...
Continue Reading • 14 Jan 2011
Strata SE1 debuts in Asia
Strata SE1, a new residential tower in London, is debuting in the Asian market with a series of invitation-only events in Singapore, Hong Kong and Shanghai, offering well-off Asian buyers an opportunity to buy into the newest urban landmark of London.“We are thrilled to have this unique...
Continue Reading • 14 Jan 2011
Malaysia's property market positive this year
Malaysia’s real estate market will likely enjoy a positive outlook this year, after the moderate recovery in its economy, said Rahim & Co Chartered Surveyors Sdn Bhd, one of Malaysia’s biggest property firms.The projects under the Economic Transformation Programme (ETP) are likely...
Continue Reading • 14 Jan 2011
China property market not a bubble
The real estate market in China is not a bubble, since household incomes are increasing in line with home prices, said Andy Rothman, a China macro strategist at CLSA Asia-Pacific Markets.Mr. Rothman said that home prices in China’s second-tier cities, where most urban Chinese live, are 75...
Continue Reading • 12 Jan 2011
Ovolo launches 48 designer serviced apartment units in HK
Leading owner-operator Ovolo has launched 48 designer units for sale at its newly-upgraded complex on 222 Hollywood Road, giving real estate investors a chance to acquire a stake in Hong Kong’s growing luxury service apartment sector.The first branded serviced apartments on the Hong Kong...
Continue Reading • 12 Jan 2011
Australian borrowers urged to take home loan health check
Australian borrowers have been urged to take a ‘home loan health check’ ahead of this year’s planned interest rate increases.Alex Filipovic, a mortgage consultant at the South Australian Advertiser, said borrowers should also compare home loans and consider alternative mortgage...
Continue Reading • 11 Jan 2011
Shanghai, Chongqing may introduce new home taxes
Shanghai may impose a tax on new homes in the first quarter of 2011, while Chongqing may introduce a luxury-property tax around the same time, according to reports.The Ministry of Finance has agreed in principle to the tax in Chongqing and will leave the city to work out the details, said Xinhua...
Continue Reading • 11 Jan 2011
China land sales surged 70% last year
Land sales in China rose by 70 percent in 2010, as the country’s land and resources minister warned of social unrest among Chinese buyers who were unable to acquire affordable homes.Minister Xu Shaoshi said on the ministry's website that land transactions hit 2.7 trillion yuan (S$527...
Continue Reading • 11 Jan 2011
Beijing plans 'seven-star' hotel with Saudi Arabia
Beijing is planning to build a seven-star hotel worth US$1.3 billion in a joint project with Saudi Arabia.According to the Beijing Morning Post, the hotel will be built in western Beijing's Mentougou district, some 30 km away from Beijing’s centre.A district official, who confirmed the...
Continue Reading • 10 Jan 2011
China urban home prices climb in 2010
Home prices in major cities in China surged by over a fifth in 2010, after repeated government efforts to moderate the red-hot property sector, according to private research.Residential prices rose the fastest in Hangzhou by 47.1 percent, followed by 37.9 percent and 37.1 percent in Chongqing and...
Continue Reading • 10 Jan 2011
Beijing's resale property transaction prices climbed 14% in 2010
The average transaction prices of resale properties in Beijing climbed 14 percent year-on-year to RMB27,253 psm in 2010, according to a report.However, only 212,466 resale properties were sold in Beijing in 2010, down 27 percent from 278,120 units sold in 2009, since the central government...
Continue Reading • 7 Jan 2011
HK luxury property transactions increase in value
Luxury property transactions in Hong Kong rose 40 percent last year, surpassing the level seen during the 1997 property peak, according to a research report from Centaline Property Ltd.The report said that transaction values of HK luxury properties – or those worth HK$10 million or more...
Continue Reading • 7 Jan 2011
Rents remain strong amid increased supply
Residential rents in Hong Kong have stayed strong, despite a large increase in the number of flats available for lease since the government announced cooling measures to control real estate speculation at end-November.”Many investors responded to the increase in stamp duties on short-term...
Continue Reading • 7 Jan 2011
Surge in newly registered homes in Greater Bangkok
Newly registered home units in Greater Bangkok rose 10 percent in the first 10 months of last year to approximately 80,000 units from 72,950 units over the same period in 2009, according to data released by Thailand’s Real Estate Information Centre (REIC).Of the newly registered units,...
Continue Reading • 7 Jan 2011
Malaysia property market: cautious optimism
Property prices in Malaysia’s popular locations achieved record levels in 2010, and investors in landed properties have enjoyed strong capital appreciation of between 20 percent and 30 percent in recent years.Many experts said Malaysia’s strong economy will guarantee a continued...
Continue Reading • 6 Jan 2011
Investment into emerging markets up in Q4
Net investment into Asian and emerging market equity funds soared in the fourth quarter of 2010, according to latest data from international fund flow consultant EPFR Global.However, despite the inflows, total acquisitions of Asia equity funds, excluding Japan, dropped to US$21.5 billion last...
Continue Reading • 5 Jan 2011
Shanghai resists property cooling measures
The Shanghai property market has resisted the central government’s move to curb home prices, with the city’s combined property value for 2010 hitting 207 billion yuan ($31.4 billion).The figures from the China Real Estate Information Corp (CRIC) revealed that average unit prices in...
Continue Reading • 5 Jan 2011
Asian investors looking to tap into Australia
The Australian property market may yet see good investment opportunities in 2011, as some Asian investors have remained undeterred by some of the country’s foreign property ownership restrictions.Buyers from Singapore, Malaysia and China are continuing to lead demand in the Australian...
Continue Reading • 5 Jan 2011
China to lead global IPO market in 2011
China will still lead the global IPO market in 2011 in terms of the amount of capital raised and the number of new listings, said international accounting firm PwC.The total number of new listings this year will reach 320 including 290 listings on the ChiNext and Shenzhen SME Board and 30 in...
Continue Reading • 5 Jan 2011
US property ranked in top spot for investment
The US commercial property market has been ranked by foreign investors as their top choice for investment this year and considered as the best opportunity for price appreciation, according to a survey of foreign property investors.When ranked among markets targeted for property investment this...
Continue Reading • 4 Jan 2011