Changes to property deposit in Malaysia draws mixed reactions
The possible increase in down payment to 20 percent from the current 10 percent for third and succeeding home purchases in Malaysia has drawn mixed reactions from various professionals.Datuk Michael Yam, president of Real Estate and Housing Developers’ Association (Rehda), said the capping...
Continue Reading • 23 Sep 2010
Asian property buyers dominate Queensland market
Property buyers from Singapore, China and South Korea have become Queensland's biggest spenders this year after British investors, who have dominated the state’s property market for eight years, but declined last year.Singaporean investors acquired A$213 million worth of commercial,...
Continue Reading • 23 Sep 2010
Decline in Japanese land prices slows
The decline in Japanese land prices have slowed down for the first time since 2007, as the country emerges from recession and credit conditions ease.The nationwide average price tumbled 3.7 percent in the 12 months ended June 30, compared to the 4.4 percent decline in 2009, according to a report...
Continue Reading • 22 Sep 2010
China to impose property tax next year
China may implement a property tax starting early next year, according to a report released by The China Business News.The rumours on a new property tax have heavily affected the domestic stock market in recent months.“There are several proposals, but it's still unclear which one will be...
Continue Reading • 21 Sep 2010
Property prices in China too high
The majority of mainland Chinese, or about 72.2 percent said that real estate prices are “too high to accept” despite government measures aimed at cooling the property sector, according to a survey from the central bank.The percentage increased by seven percentage points from 2009,...
Continue Reading • 21 Sep 2010
Record-price deal for KL site not indicative of current trends
While the recent land deal in the Bukit Bintang shopping district in Kuala Lumpur is so far the highest in terms of price fetched, it does not represent the current land market in the city, said some valuers.The 29,127 sq ft parcel was purchased by Urusharta Cemerlang (KL) Sdn Bhd for a premium...
Continue Reading • 20 Sep 2010
Chinese assets mostly property, according to survey
Property makes up 73.4 percent of assets held by urban Chinese, according to a recent survey of 5,200 households in 24 key Chinese cities.As of end 2009, urban Chinese had average assets of nearly 406,536 yuan and an average income of about 50,997 yuan. About 85 percent of the respondents also...
Continue Reading • 20 Sep 2010
Bangkok residential property market splits in two
Bangkok’s residential real estate market has split into two categories – a one-bedroom market mostly in the midtown area and a larger downtown market, according to a recent report by CBRE.Both markets have fared very differently, said the report.The larger market with prices at more...
Continue Reading • 20 Sep 2010
London properties lure Asian investors
Asians have invested £761 million or over US$1 billion in newly constructed apartments in central London, up from about £250 million a year ago, said real estate firm Knight Frank.Asian property investors are attracted by several positive factors – slow property prices in...
Continue Reading • 16 Sep 2010
HK's tallest building sees sharp growth in rents
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Continue Reading • 16 Sep 2010
China property prices picking up again
The recently implemented cooling measures in China’s property market had little effect last month with property prices increasing 23 percent in Beijing, 31 percent in Shanghai, 56 percent in Guangzhou and 84 percent in Shenzen, according to the South China Morning Post.The inability of the...
Continue Reading • 15 Sep 2010
Hong Kong to see significant housing growth
Hong Kong will likely see the largest worldwide increase in housing prices in 2011, as values settle at more sustainable levels and a “post-crash bounce” eases off, said property broker Knight Frank LLP.Growth in Hong Kong may slow to 12 percent next year from this year’s 18...
Continue Reading • 14 Sep 2010
Foreign players venturing into Japan
Many investors from Singapore and the US are looking at the Japanese property market, with more than $2 billion in deals already made since late 2009, most of them in Tokyo.“Hotels, Tokyo offices, Tokyo residential, I would say, will be the three specific sectors and opportunities that are...
Continue Reading • 13 Sep 2010
Hike in property sales triggers 'tightening' speculation
The Chinese government's cooling measures in the property market are thought to have faltered as property sales have increased, prompting speculation that the government may introduce more tightening measures.Cities like Shanghai saw an increase in housing transactions in August over the previous...
Continue Reading • 9 Sep 2010
Sansiri unveils Thai-style design concept
Thai property developer Sansiri has announced plans to include Thai heritage concepts into the design of its new residential projects under the Setthasiri Thai Series.Manu Trakulwattanakit, head of the design solution department at Sansiri, announced that after seven years of single-detached...
Continue Reading • 9 Sep 2010
Major developers in HK hoarding land
The sky-rocketing property prices in Hong Kong are believed to have been caused by the short supply of land.However, a report by the South China Morning Post said that six big Hong Kong developers - Henderson Land, Kerry Properties, Sino Land, Sun Hung Kai Properties, New World Development and...
Continue Reading • 8 Sep 2010
Chinese insurers allowed to invest in real estate
The central government of China will allow insurers to extend their investment channels into real estate and private equity, a move that could unleash up to US$100 billion worth of new funding into the property sector and unlisted companies.According to rules published on the China Insurance...
Continue Reading • 7 Sep 2010
Hong Kong sees decline in private home sales
Ten of the largest private developments in Hong Kong have seen a decline in transactions of used apartments for the second consecutive week, as sellers held out for their listed asking prices following back-to-back government land auctions that beat estimates.The week that ended on Sunday saw 36...
Continue Reading • 7 Sep 2010
Bangkok properties continue to boom
New condominium projects are sprouting up across the Thai capital, but investors and developers are not too worried about a property bubble forming.Property stocks in Thailand have been strong with the real estate stocks index up 28 percent in the last three months. A number of listed firms have...
Continue Reading • 7 Sep 2010
Luxury properties in China see poor sales
Most of the luxury real estate projects in Beijing are seeing poor sales even in the back-to-boom market, say industry insiders.According to the Beijing Times, almost 70 percent of the properties for sale in the 30 most expensive projects are still on the market, where some have languished for...
Continue Reading • 6 Sep 2010