K-Reit in talks for space in Sydney office tower
K-REIT Asia, a Singapore-listed real estate investment trust is preparing to boost its Australian coverage, and is now in negotiations to acquire a bulk space in a first-class office tower located in Sydney’s central business district area, a published report...
Continue Reading • 27 May 2010
Site in Hong Kong goes for HK$1.33B
A building site in Hong Kong was sold for about HK$1.33 billion or S$240 million yesterday, during the second government auction for this year.The 8,900-sq-m building site in the Fanling area of the New Territories in northern HK was put into the government auction. According to the estimates of...
Continue Reading • 25 May 2010
Real estate in China down?
Residential property prices could fall by 30 percent in mainland China, according to property developer Ronnie Chan.The chairman of Hang Lung Group and Hang Lung Properties hopes the retail market does not fall by 50 percent, “but it's anybody's guess,” Mr. Chan said.He thinks the...
Continue Reading • 24 May 2010
JB Global unveils property fund
A new capital protected fund tied to the United States housing market is set to be launched by Australian investment manager JB Global.JB Global chief executive Justin Beeton said that without the risks associated with direct investment, JB Global US Real Estate Investment offers investors...
Continue Reading • 24 May 2010
Home sales in the US likely climbed
Sales of existing and new homes, orders for factory goods and consumer spending in the United States probably climbed a month ago, indicating that the country’s recovery is strengthening before the debt crisis in Europe rattled global financial markets, according to economists.Bookings for...
Continue Reading • 24 May 2010
Hotel executives to take risk in China
The opening of the Ritz-Carlton in Hong Kong, which has an alfresco rooftop bar 490 metres above sea level, will be the tallest hotel in the world is still about six months away.However, the hotel already has 20 bookings for wedding receptions and it is getting six or more inquiries per...
Continue Reading • 20 May 2010
Analysts remain positive about China property
Analysts have said that growth in the China property market remains positive despite cooling measures implemented by the government to curb unstable property prices.They are also optimistic that property prices will correct in the midterm, giving more opportunities to investors.To prevent home...
Continue Reading • 20 May 2010
Beijing property measures burden homebuyers
Ms. Jiao Yurong, a 50-year-old accountant, has been saving to buy her son a flat.However, escalating property prices in China, compounded with a series of measures by the government to rein them in, are making it hard for the mother to proceed with her plan. “Just when we had saved enough...
Continue Reading • 17 May 2010
Shanghai to implement property tax
Shanghai may implement its own residential property tax measures to cool down price increases in China’s richest city, according to reports. The measures are expected to be introduced this month, but the Shanghai Municipal Housing Support and Building Administration Bureau declined to...
Continue Reading • 13 May 2010
China's property market to consolidate this year, says CBRE
The residential market in China is expected to consolidate in 2010 because of the country’s measures to rein in its property bubble, said property consultancy firm CBRE.According to the latest government data, prices of residential properties across China increased year-on-year by about 13...
Continue Reading • 12 May 2010
Property prices in China surge
China property prices recorded the biggest year-on-year increase in nearly five years last month, amid constant fears about a growing bubble in the real estate market, according to the official data released recently.According to the National Bureau of Statistics, property prices in major cities...
Continue Reading • 12 May 2010
Bahrain opens up to Singapore companies
The Gulf state of Bahrain has just survived the latest wave of economic crisis, and is now looking for Singapore firms to invest in the Middle East and in the Gulf state.Mr. Kamal Ahmed, chief operating officer of the Economic Development Board in Bahrain, said that 36 million people in the Gulf...
Continue Reading • 12 May 2010
HK auctions land site after property cooling measures
Hong Kong has received a HK$2.876 billion (S$509 million) opening bid in an auction for a residential site, making it the first land sale in Hong Kong since the government implemented measures to crack down speculations in the housing market.Property prices in Hong Kong have increased by about a...
Continue Reading • 12 May 2010
Chip Eng Seng and Cranecorp jointly acquires Perth site for A$20m
Chip Eng Seng Corporation and partner Cranecorp have jointly purchased a land parcel in Perth for A$20 million (S$24.9 million).The joint venture plans to turn the 1.02-hectare site at Scarborough into a mixed use development. There will be three blocks of 12 storey buildings, with 80 serviced...
Continue Reading • 11 May 2010
Ski lodges in Hokkaido the new hot property trend
Some Singaporeans are splurging millions in Japan, particularly on freehold ski lodges and apartments in Niseko, a ski town in Hokkaido, just at a time when record property prices are making headlines in Singapore. In December 2009, Singaporeans shelled out US$20...
Continue Reading • 10 May 2010
Tianjin Eco-City signs 1b-yuan worth of industrial land deals
The Sino-Singapore Tianjin Eco-City Investment and Development firm has signed another three industrial land deals, involving over one billion yuan (S$203.9 million) in investments in the Eco Industrial Park and the Eco Business Park. Tianjin House Construction...
Continue Reading • 6 May 2010
Foreign property purchases of South Koreans falls sharply in Q1
South Koreans' purchases of foreign properties dropped during Q1 2010 from Q4 2009, as investor sentiment remained sluggish despite steady improvement of the global economy, according to data released by the Ministry of Strategy and Finance. The data showed that South...
Continue Reading • 6 May 2010
Aussie home price increases exceed forecasts
Home prices in Australia exceeded estimates during the three months through March, increasing the central bank’s likelihood to boost borrowing costs today. According to the Australian Bureau of Statistics, an index gauging the weighted average of prices for established houses in the eight...
Continue Reading • 5 May 2010
China banks and property firms drop in HK trading
Shares of Hong Kong-listed Chinese banks and property companies dropped after Beijing announced new measures to curb lending and avoid a possible property bubble formation in mainland China. The People's Bank of China (PBoC) has announced that the minimum amount of...
Continue Reading • 4 May 2010
Developers have varying views over Thailand property market
While Keppel Land says that it is reviewing its presence in Thailand, City Developments Ltd (CDL) and CapitaLand said they are taking a long-term view on their operations and expressed full confidence that the country’s fundamentals will eventually prevail in the long run.The exposure of...
Continue Reading • 3 May 2010