Hong Kong to auction Kowloon Tong residential site
Hong Kong will sell a residential site in the Kowloon Peninsula, adjacent to the land parcel sold for a record price last month.According to the Lands Department, the auction for a land parcel on Ede Road in the Kowloon Tong district was triggered by a property developer who committed to bid at...
Continue Reading • 6 Sep 2010
Queensland the next property hotspot?
A report by Jones Lang LaSalle (JLL) has suggested that Queensland, the third largest state in Australia, and its capital Brisbane, should be on the radar of foreign investors, given the state's strong growth prospects.The Sunshine State has considerably surpassed larger Australian states over...
Continue Reading • 6 Sep 2010
Shanghai home prices jump 70%
The sales volume of new residential units in Shanghai, excluding those that are allocated for relocated residents under the urban redevelopment plans, increased 70 percent to 730,000 sq m last month, according to a report released by Shanghai Uwin Real Estate Information Services Co.Prices of new...
Continue Reading • 3 Sep 2010
Hong Kong home sales surge 33% in August
Home sales in Hong Kong jumped 33 percent last month, as demand prevailed over the government’s measures to curb property prices by committing to increase land supply and tightening mortgage rules.Total sales of homes hit HK$69.2 billion ($8.9 billion) in August from HK$52.2 billion in...
Continue Reading • 3 Sep 2010
Luxury spa to open at W Retreat in Thailand
W Retreat Koh Samui, the first W Retreat in Southeast Asia, has revealed details of its signature spa, the aWay® Spa, which is set to open later this year.aWay® Spa W Retreat Koh Samui features 576 sq m of indoor and outdoor spa treatment areas that offer complete renewal and total...
Continue Reading • 2 Sep 2010
Sale of Hong Kong site beats estimates
A luxury residential site in Hong Kong has been sold at an auction for 26 percent more than the estimates of analysts, a sign that developers are confident that home prices will withstand an increase in supply and tighter mortgage rules.The land located in the Kowloon Tong district was acquired...
Continue Reading • 1 Sep 2010
Rents in Hong Kong set to rise
Residential rents in Hong Kong are expected to rise in the coming months due to the government’s cooling measures to curb property prices, according to the South China Morning Post.After rents had already increased by 8.6 percent this year, property consultants predicted that it could...
Continue Reading • 31 Aug 2010
China to strengthen property price management
The central government of China will strengthen property price management throughout the year on expectations of lower inflation, said Zhang Ping, director of the National Development and Reform Commission.According to a report from ShanghaiDaily.com, the Chinese government will further improve...
Continue Reading • 30 Aug 2010
Rental properties in Sydney rising
The number of rental properties in Sydney increased to a near 12-month high in July, according to figures from the Real Estate Institute of NSW (REINSW).However, the number of available properties for rent declined slightly in Newcastle, and remained unchanged in Wollongong.In general, the...
Continue Reading • 30 Aug 2010
Ying Li acquires Chongqing site
Ying Li International Real Estate has purchased a commercial development site in the Chinese city of Chongqing for S$139.5 million.The site has a total land area of 102,483 sq ft, and the company said it will develop the site into a 430,556-sq-ft high-end retail space and a 968,752-sq-ft grade A...
Continue Reading • 27 Aug 2010
Prime UK property up for sale
Apartment units at Prime Avenue Baltimore Wharf in London will be launched for sale to Malaysian buyers during a preview in Kuala Lumpur this weekend, said international consultancy group Henry Butcher Malaysia, which is marketing the project.Located in close proximity to the Canary Wharf...
Continue Reading • 27 Aug 2010
Stay Well Group to operate Park Regis KL
Park Regis Hotel Management (PRHM), a wholly-owned subsidiary of Australia’s StayWell Hospitality Group, will manage and operate a four-star hotel at integrated development Taragon Puteri KL.Recently, Bluestone Group Malaysia announced that its subsidiary Taragon Capital Malaysia (TCM) has...
Continue Reading • 27 Aug 2010
Australia's Q2 property returns increase
Total annualised returns for Australian property increased nearly six times in the second quarter from the previous quarter, but future increases will likely be moderate, according to research company IPD.Total returns for all Australian property types as well as income and capital, surged to 5.9...
Continue Reading • 26 Aug 2010
Idle land in China blamed
While a land shortage in China is blamed for increasing housing prices, more than 11,000 hectares of land has been left idle across the country, according to China’s top land watchdog.To date, the Ministry of Land and Resources (MLR) has identified almost 2,208 illegal land use cases that...
Continue Reading • 25 Aug 2010
US home sales down
Sales of existing homes in the US dropped 27.2 percent in July, to its lowest level in more than a decade, according to an industry group, adding new doubts on the economic recovery of the US.The White House described the latest data as “tough”, and promised to consider any...
Continue Reading • 25 Aug 2010
British buyers lose interest in Southeast Asian properties
Cash-strapped British buyers seem to have lost interest in properties located in Southeast Asia, based on data released by RightMove Overseas, a leading property website in the UK.The results of the report, which compared search statistics between July 2008 and July 2010, do not bode well for...
Continue Reading • 25 Aug 2010
Blackstone tackles China housing market
US private equity firm Blackstone Group has committed to invest in China's booming housing market, according to a report in the Financial Times.Blackstone is backing Hong Kong developer Great Eagle’s construction of more than 1,000 luxury units in the city of Dalian, dubbed the Hong Kong of...
Continue Reading • 25 Aug 2010
St. Regis Bangkok set to launch in October
The Residences at The St. Regis Bangkok is expected to open in October, buoyed by confidence after Bangkok was ranked number one in Travel + Leisure magazine's 2010 “World’s Best City” list.“The Travel + Leisure ranking affirms what we have known about Bangkok all...
Continue Reading • 25 Aug 2010
Shanghai new home sales dropped between Jan-July
Sales of new homes in Shanghai declined 48 percent in the first seven months of this year compared to the previous year, as the country’s efforts to cool the property market started to take effect, reported China's state media.Sales in terms of floor space reached 9.11 million sq m by the...
Continue Reading • 24 Aug 2010
False data raises doubt on China property market
The reliability of data on China's property market has been put into question after it emerged that Chinese firms in Shanghai have falsified answers in responses to some polls conducted by the national statistics agency.The problems, which ranged from omitting data to reporting inaccurate prices,...
Continue Reading • 24 Aug 2010