Beijing property show attracts wealthy buyers
The three-day 2010 Beijing Luxury Properties Showcase, which was held this weekend at the Ritz-Carlton Hotel, drew more than 4,000 high-net-worth individuals. With the government property cooling measures taking effect in China, many well-off real estate buyers are looking for investments...
Continue Reading • 15 Dec 2010
First St. Regis residential development debuts in Thailand
Minor International and Starwood Hotels & Resorts Worldwide have announced the launch of The Residences at The St. Regis Bangkok, the first St. Regis development in Thailand.“What a pleasure to be celebrating the official launch of this long-awaited project,” said William E....
Continue Reading • 15 Dec 2010
Home prices in HK entering a bubble
Home prices in Hong Kong may be entering a “bubble” amid soaring liquidity and government efforts to cool the real estate market, said JPMorgan Chase & Co.Residential property values-to-gross domestic product has surpassed the city’s peak of 3.13 times in 1997 and may...
Continue Reading • 14 Dec 2010
Guocoland's Guoson Centre in China wins property award
Guoson Centre, the flagship project of Guocoland China Ltd, the real estate arm of Malaysia’s Hong Leong Group, has won the Best International Mixed-Use Development at the International Property Awards.The award signifies the transformation of the firm from a single project company to one...
Continue Reading • 14 Dec 2010
Australia to ban mortgage exit fees
Mortgage customers in Australia will be able to switch home loans without penalty starting mid next year, as Australia Treasurer Wayne Swan announced on Monday the government’s plan to ban mortgage exit fees beginning 1 July 2011.According to the Sunday Age, the much anticipated banking...
Continue Reading • 13 Dec 2010
China's real estate inflation eases
China’s real estate inflation eased in November, the seventh straight month of decrease following the series of cooling measures announced by the government.However, property investment stayed buoyant, relieving fears that tightening moves would seriously harm the real estate sector and the...
Continue Reading • 13 Dec 2010
China's high-speed rail network to benefit property development: CBRE
The future high-speed rail network in China will change the country’s property landscape, as it will bring new opportunities for property development that will serve as station-based central business districts, according to Asia Research Report by CB Richard Ellis's (CBRE).The new...
Continue Reading • 13 Dec 2010
HK may be the hottest IPO market this year
Hong Kong is poised to become the world’s hottest IPO market in 2010, raising more than US$51 billion. Observers, however, say its stock exchange must reduce its heavy reliance on China.According to figures from Dealogic, the city was outperforming Shanghai, Shenzhen and New York by early...
Continue Reading • 13 Dec 2010
World's third-tallest building to be built in Wuhan
The construction of the world’s third-tallest building has begun in China’s Wuhan City, as its property developer, Shanghai Greenland Group committed to pump up 30 billion yuan (S$5.9 billion) to develop the project. The project’s expected completion date is 2015. Shanghai...
Continue Reading • 10 Dec 2010
HK luxury home prices to rise 15% in 2011: CBRE
Prices of luxury homes in Hong Kong, which have increased by more than 60 percent since early last year, may continue to increase by as much as 15 percent next year, attributed to a lack of new supply and low interest rates, according to CB Richard Ellis (CBRE).Overall, home values will increase...
Continue Reading • 9 Dec 2010
China property prices may fall next year
Property prices in China will likely drop next year, as the central government remains committed to curb speculation in the property market by tightening monetary policies, according to a top government think-tank.Property developers are expected to reduce prices in the first quarter next year to...
Continue Reading • 9 Dec 2010
China to implement property tax before March
The central government of China will likely implement a property tax before the annual meeting of congress begins in March next year, according to a report by China Securities Journal.It added that Shanghai and Chongqing would probably be among the first few cities to launch a trial for property...
Continue Reading • 8 Dec 2010
HK housing prices to moderate in 2011
Housing prices in Hong Kong are expected to increase at a more moderate pace in 2011, after surging in the past two years, as the impact of property measures are starting to take effect, according to property analysts.Like Singapore and other top cities in China and India, Hong Kong is now facing...
Continue Reading • 8 Dec 2010
Singapore, Malaysian investors to develop RM500m project
Singaporean and Malaysian investors recently announced a partnership to jointly develop a RM500 million new waterfront residential and commercial project in Johor.The high-end development, to be called Azea Properties, will rise on a 1.68 hectare site in Danga Bay, among the key flagship zones in...
Continue Reading • 7 Dec 2010
GCD, Pantai Group to develop hospital in Malaysia
Global Capital & Development (GCD) has announced a landmark deal with the Pantai Group worth RM500 million, to develop the Gleneagles Medini Hospital in Medini, Iskandar Malaysia.To be developed across 15 acres of land in Medini North, the hospital is positioned as one of the premium...
Continue Reading • 7 Dec 2010
IHG to launch brand in Shanghai
InterContinental Hotels Group Plc (IHG) has launched its first upscale boutique brand in Shanghai, highlighting the rising prominence of the city as a business and tourism hub. The 184-room Hotel Indigo is a waterfront hotel located in the city’s picturesque promenade, the Bund. It features...
Continue Reading • 3 Dec 2010
Le Méridien debuts in Taiwan
Starwood Hotels & Resorts has opened the doors of its newest hotel, the Le Méridien Taipei, marking the debut of Le Méridien in Taiwan.Situated in Xinyi District, Le Méridien Taipei features 160 guest rooms equipped with the Le Méridien signature bed, state-of-the...
Continue Reading • 3 Dec 2010
China home prices up 0.8%
Housing prices in China climbed 0.8 percent in November, increasing for a second month even as the central bank increased the interest rate for the first time since 2007, said SouFun Holdings Ltd, the country’s largest property website owner.Based on 100 locations monitored by SouFun,...
Continue Reading • 2 Dec 2010
China property market inflated yet stable: Moody's
China’s real estate market has gone through asset inflation over the last 18 months, but improved liquidity levels and government intervention will help avoid a significant downturn in the market, said global credit ratings agency Moody’s.The agency expects a “moderate...
Continue Reading • 1 Dec 2010
Four Points by Sheraton debuts in Thailand
Starwood Hotels & Resorts Worldwide has announced the opening of Four Points by Sheraton Bangkok, Sukhumvit 15, marking the debut of the Four Points by Sheraton brand in Thailand.Situated in the prime entertainment and commercial district of Sukhumvit, in Bangkok, the hotel offers one of the...
Continue Reading • 1 Dec 2010