Public and private partnerships
Disagreeable real property loans and mortgage-backed securities attached on the balance sheets of banks after the housing market collapse in the United States. Banks neglect to put them up for sale at very low prices and investors do not want to pay more.A plan was formulated consisting of two...
Continue Reading • 20 Oct 2009
Office occupancy cost dropped
Singapore – Office occupancy cost went down by 22 percent, from a yearly average gross lease of US$125.06 per square foot (psf) in H1 2008 to US$97.07 psf in H2.However, according to the report of Colliers International, Singapore is still the third in Asia-Pacific as the most expensive...
Continue Reading • 20 Oct 2009
The Fernhill urged payment from DPS buyer
Chinese investors that purchase 20 units of MCL Land's Fernhill condo had failed to pay the approximately $30 million, which became due when The Fernhill received the Temporary Occupation Permit.MCL Land sent out the notice 14 days ago, asking payment to its buyer the Concordia Overseas Pte Ltd....
Continue Reading • 14 Oct 2009
No Housing Bubble in South Korea
In contrast to the assertion of Mr. Jasper Kim about the forthcoming Korean property bubble, Korea is not actually among those countries, as there is an increase in the prices of real estate.An increase in real-estate prices are taking place across Asian countries, with Hong Kong, having 20...
Continue Reading • 14 Oct 2009
Singapore – most liveable city in Asia
Rising six places in a worldwide ranking of cities with the most outstanding quality of living, Singapore had surpassed cities like San Francisco and Honolulu in the US and Paris in France. Ranking in the 26th place, Singapore also exceeded all its Asian neighbour countries, thus making it the...
Continue Reading • 13 Oct 2009
Opportunities for overseas land
Investing on overseas land has once been dominated by the rich, but this has already been stopped by landbanking companies.These firms purchase huge parcels of undeveloped land, which they believe to possess some development potential. A particular portion of the land is then kept for private...
Continue Reading • 13 Oct 2009
Ascott Reit faces weaker demand
Ascott Residence Trust’s (Ascott Reit) distributable income for Q1 plummets to a 23 percent annual drop, from $14.2m to $10.8m, the group declared.This drop is 24 percent in terms of distribution per unit (DPU), from 2.33 cents in last year’s first quarter to 1.77 cents.Ascott Reit...
Continue Reading • 13 Oct 2009
Frasers launches new project in Edinburgh
Frasers’ generosity has reached the United Kingdom, with the launching of Fraser Suites Edinburgh, a serviced residence project on the “Royal Mile” of the city. The property is the second project of the Singapore-based Frasers in Scotland. The 100-unit Fraser Suites Glasgow was...
Continue Reading • 13 Oct 2009
Selangor State Property Arm Plans REIT Takeover
KUALA LUMPUR – Within the next six to twelve months, Selangor State Development Corporation (PKNS) is planning to take over a local real estate investment trust (REIT), in a decision to expand their business, according to The StarBiz.The tabloid newspaper also exposed that the REIT’s...
Continue Reading • 13 Oct 2009
REHDA: Ease rules on property service fees
In order to improve the Malaysian property sector, the Malaysian government has been asked by property developers to abolish the rules on legal service fees.In a statement made by the Real Estate and Housing Developers' Association Malaysia (Rehda), easing the rules will guide the domestic...
Continue Reading • 13 Oct 2009
Overly strict new REIT law in the Philippines
By early 2010, the Philippines should already have an official framework for joint property investment after the ratification of the country’s proposed new rules on the real estate investment trust (REIT), which was done at the start of the month of October, Yet, there are people who are...
Continue Reading • 12 Oct 2009
Macquarie Bank sold Anson House
A 13-storey office block, owned by Australia’s Macquarie Bank has been sold for $85 million. Though the second transaction for the 11-year-old Anson House took several days, it was still a successful transaction.Anson House boasts several tenants like ArcelorMittal, GE Group and Swire...
Continue Reading • 12 Oct 2009
Frasers likely to renounce Arsenal deal
Frasers Centerpoint, a unit of Fraser & Neave, has laid down 10 percent non-refundable deposits for the S$106 million (£47 million) deal to purchase 120 flats at the old stadium site of Arsenal, an English football club. According to reports in February, Frasers is likely to forfeit its...
Continue Reading • 9 Oct 2009
CapitaLand’s Macau project hampered by delays
The joint casino project partner of CapitaLand in Macau stated that the disagreements with New Cotai, the US business partner, had resulted to delays in getting approval to use the land.Last Saturday, CapitaLand, the real estate developer, which owns a 20 percent share in the Macao Studio City...
Continue Reading • 28 Sep 2009