Japanese Reit bond market set to thaw
The Japanese real estate investment trust (Reit) bond market is beginning to thaw after two years as the economy picks up, though an increase in property prices is needed to achieve full recovery, said Fitch Ratings.“New bond sales are recovering to some extent,” said Toru Kobayashi,...
Continue Reading • 24 Aug 2010
Millennium in Bangkok re-launched
Property developer Leadon Assets Ltd has re-launched the THB10-billion (US$317.1 million) Millennium Residence @ Sukhumvit complex in Bangkok, according to sources.The Millennium Residence, which sits on a 12-rai site and comprises four towers, is located on Sukhumvit Soi 20 in Bangkok. It is a...
Continue Reading • 23 Aug 2010
New York property booming
Despite the stagnant US housing sector, the residential property market in New York is booming.With property prices and mortgage rates at historic lows, affluent New York residents are cashing in on the economic condition to purchase units at bargain values. Real estate agencies are reporting an...
Continue Reading • 20 Aug 2010
More Malaysians eyeing London properties
The number of Malaysian investors acquiring properties in London has increased rapidly since the end of 2009, said an official from Henry Butcher Real Estate Sdn Bhd.The increase is due to the weakened pound sterling and the rising property prices in Singapore and Australia, two of the most...
Continue Reading • 20 Aug 2010
Proximity on Queens 60% sold
The Proximity on Queens development has seen a huge sales success with nearly 60 percent or 92 apartments sold over the first two weekends of its launch, proving that there is a strong demand for larger and more spacious apartments among Melbourne buyers.Launched by National Project Marketing...
Continue Reading • 18 Aug 2010
Elevation Apartments stand tall over Perth's skyline
Construction of the tallest residential apartment tower in Perth has just been completed and investors are now rushing to buy units before it sells out.Developed by QPS Developments Pty Ltd, Elevation Apartments features 138 luxurious apartments spanning across 29 levels.Designed for the well...
Continue Reading • 17 Aug 2010
Prime Phuket properties among the world's cheapest
Prices of prime properties in Phuket, Thailand are one of the cheapest of the world's most popular international homes market, according to a new report.According to the International Residential Report published by Chesterton Humberts, new home prices in Thailand were US$4,460 psm, while in...
Continue Reading • 17 Aug 2010
HK intends to lift supply of property
Hong Kong Financial Secretary John Tsang said the government is planning to lift the support of property in the market in an attempt to cool down housing prices.The real estate market faces overheating concerns with housing prices rising by 10 percent since January this year, following a...
Continue Reading • 16 Aug 2010
Property problems hit Hong Kong
Hong Kong has established low-rent housing estates intended for those less well-off, but now people in the middle class are struggling to purchase their own flats.Speculative bubbles resulted in huge profit-making opportunities in the past 25 years. However, many of those who purchased flats at...
Continue Reading • 16 Aug 2010
Asian buyers cautious of UK property
A weak economy and the recent revival of sterling has caused other foreign buyers, including Asians to become wary over residential property in the UK.Many estate agents and surveyors are worried that the revival of UK and London property prices has started to fade, and some are concerned that...
Continue Reading • 12 Aug 2010
Housing prices in Malaysia to increase in H2
Property developers in Malaysia expect housing prices to increase by another 20 percent in the second half, as prices of raw materials rise and supply tightens in major areas.In particular, landed property prices are expected to increase in Penang and the Klang Valley, where recent launches set...
Continue Reading • 11 Aug 2010
China property prices will fall, says developer
Property prices in major cities in China will decline later this year, according to the country’s top listed developer. The decline is attributed to the government’s tightening measures to curb property prices and the expected surge of state land supply for public housing.Wang Shi,...
Continue Reading • 10 Aug 2010
Property bubble in HK, warns HSBC
A property bubble could emerge in Hong Kong if home prices continue to increase, said Peter Wong, chief executive of HSBC for the Asia Pacific region, who spoke to Bloomberg.Home prices have soared 42 percent since the start of 2009, while the government is attempting to cool things down amid...
Continue Reading • 10 Aug 2010
China's banks to test effect of 50% fall in property prices
China's banking regulator has directed lenders to test the effect of an approximately 50 percent decline in house prices in major cities where there has been a sharp increase in prices, according to regulatory and banking sources.The move is an indication that Beijing is focused on deflating...
Continue Reading • 6 Aug 2010
Asia's most luxurious home sold
Thailand’s Beyond Villa, which was previously owned by California Fitness founder Eric Levine, was sold for US$24 million, according to several industry watchers who spoke to Property Report.The property is located in Natai Beach in the southern Phang Nga province of Thailand, and was...
Continue Reading • 6 Aug 2010
Residences @ Four Seasons Chiang Mai offers luxury living
Residences at Four Seasons Chiang Mai has redefined luxury living by combining the beauty of the Mae Rim Valley in the Chiang Mai region with the personal services and facilities of the Four Seasons.The residential project has also received a boost, as Chiang Mai has been ranked second by Travel...
Continue Reading • 4 Aug 2010
New development plans for Iskandar Malaysia site
Dijaya Corp Bhd has teamed up with Iskandar Water Front Sdn Bhd to jointly develop a RM3.8-billion (US$1.2 billion) mixed-use project on two prime waterfront land parcels located in Danga Bay, according to a report by the Malaysian Business Times.The land parcel was purchased from Danga Bay Sdn...
Continue Reading • 4 Aug 2010
China property bubble built on conflicting policy
Giant state-owned companies across China are bidding up prices on land parcels for big real estate developments unrelated to their key businesses.For instance, state-owned company Anhui Salt Industry Corp, which has 11,000 employees and access to government salt mines, is developing Platinum Bay,...
Continue Reading • 3 Aug 2010
China's land supply soars
Land supply for real estate use in China has increased 98.4 percent year-on-year in the first half of 2010, along with the supply of land for low-income housing, which climbed 100 percent, said the Ministry of Land and Resources.The land supply for residential property use increased 112.5 percent...
Continue Reading • 2 Aug 2010
HK apartments continue to boom
Hong Kong has completed nearly 7,000 apartment units in the first half of 2010. This is 97 percent of the total amount that was constructed in 2009, according to statistics released by the Transport and Housing Bureau. But many analysts believe that the large number of apartments constructed...
Continue Reading • 30 Jul 2010