More than 70% sold at IconSiam
Almost three quarters of units in the first phase launch at IconSiam have been sold inside one month.The development - a joint-venture between joint-venture between developers Siam Piwat, Magnolia Quality Development, and Charoen Pokphand Group - will be at the forefront of plans to make 10...
Continue Reading • 6 Aug 2014
London costliest place to sleep
London is the most-expensive city to sleep, according to a new report which examines the cost of renting a room and sleeping overnight or longer in cities around the world.At £2,050 per night, the cost of renting a 5-star London hotel suite is now eight times more expensive than renting a...
Continue Reading • 6 Aug 2014
70% loan rejection rate among first time buyers
The tougher mortgage rules introduced by Bank Negara Malaysia will continue to negatively affect first-time home buyers, according to Datuk Othman Omar, Chief Executive Officer of Oxley Holdings (M) Sdn Bhd (OHSB).During his term as the General Manager at Selangor State Development Corp (PKNS),...
Continue Reading • 6 Aug 2014
S'poreans still buying Johor homes despite vehicle entry fee
Singaporeans are still keen on buying homes and commercial lots in Johor even as the government plans to impose a Vehicle Entry Permit (VEP) fee on foreign vehicles entering the Malaysian state, said R&F Properties Sales Executive Chan Fook Kee and reported in the media.This is because the...
Continue Reading • 31 Jul 2014
Illegal for Singaporean agents to offer services in Malaysia
Some Singaporean real estate agents are breaking Malaysian law by offering their services across the causeway, according to media reports. It is illegal for them to solicit for customers in the Malaysian market, as real-estate negotiators must be registered with the Board of Valuers, Appraisers...
Continue Reading • 31 Jul 2014
S'pore developer to launch Phnom Penh project
Spring CJW Development plans to invest $70 million on a residential project located a stone’s throw away from Phnom Penh International Airport, according to media reports.“Real estate in Cambodia is leaping forward, while slowing down in neighbouring regions. It will become a magnet...
Continue Reading • 29 Jul 2014
Micro sized, not micro priced
At just 30 sqm, or 323 sq ft if you prefer, this fourth floor studio flat at 92 Mount Street is one of the smallest homes ever released in London’s Mayfair market. Cleverly designed with cocktail bar/night-club style interiors, the micro-pad can transform from a mini-bar/private club into a...
Continue Reading • 25 Jul 2014
World's best penthouse for sale
For £4.25 million you could be the owner of what could possibly be one of the world’s best penthouses.The duplex property in Clerkenwell, London,has been created by ‘Form Design Architecture’, and occupies the entire 6th and 7th floors of a much sought after apartment...
Continue Reading • 25 Jul 2014
Significant interest in Thailand property investments in Singapore and China
Property investment opportunities in Thailand were attracting significant interest in both Singapore and Beijing last weekend.In Singapore Sansiri’s The Base Park East at Sukhumvit 77 achieved an impressive 25 sales in partnership with real estate agency PropNex.Benjamin Tan WL, District...
Continue Reading • 23 Jul 2014
Strong interest in IconSiam
The super-luxury Magnolia Waterfront Residences at Bangkok's IconSiam has already been attracting significant interest from buyers since details were revealed just three weeks ago, with more than 150 units having been the subject of registrations with intent to purchase, according to the...
Continue Reading • 22 Jul 2014
Record year for Jakarta condos
Indonesia will see record-breaking levels of condominium sales this year, according to real estate services firm JLL.Media reports quoted Anton Sitorus, Head of Research at JLL, as saying that despite the weaker outlook for Indonesia’s property market, developers and buyers have shown...
Continue Reading • 22 Jul 2014
More Thai developers look overseas
Two more Thailand projects will attempt to tempt Singapore property buyers and investors this weekend, underlining a marked resurgence in confidence since the coup of late May which initially forced investors to adopt a wait-and-see stance.Bangkok will be represented by Sansiri’s The Base...
Continue Reading • 18 Jul 2014
Mahathir Mohamad concerned about Iskandar's future population
Former Malaysian Prime Minister Dr Mahathir Mohamad voiced his concerns about the Iskandar region in a blog post on 8 July, as he wondered how it will change the demographics and electorate of the area. He said properties there would be pricy and unaffordable for local residents from the...
Continue Reading • 18 Jul 2014
Homes move fastest in Cambridge
The British university city of Cambridge holds the honour of being the fastest-selling city in the United Kingdom, according to research from a leading property website.Properties in Cambridge (pictured) are on the market for an average of just 27 days, and the city is closely followed by the...
Continue Reading • 18 Jul 2014
More overseas buyers in US
Foreign property buyers in the U.S. made US$92.2 billion worth of purchases in the 12 months ending March 2014, accounting for roughly 7 percent of all property transactions in the country.According to data released by the National Association of Realtors, foreign sales were split evenly between...
Continue Reading • 17 Jul 2014
Opportunities for Sydney renters
Residential vacancy rates remained mostly unchanged in the Sydney metropolitan market, providing good opportunities for rental seekers.According to data released by the Real Estate Institute of New South Wales (REINWS), the June 2014 REINSW Vacancy Rate Survey saw the number of properties for...
Continue Reading • 17 Jul 2014
Vietnam call for realtor regulation
Vietnam’s National Assembly has called for industry regulation as part of a draft Law on Real Estate Trading currently being debated.The law, members said, should clarify requirements on licensing real estate brokers.Speaking to the media Phan Trung Ly, Chairman of the NA Legal Committee,...
Continue Reading • 17 Jul 2014
Developers ease financing hassle for Philippine property
More foreign buyers are eyeing luxury condominiums in Manila, according to recent media reports. Buyers from Singapore, China, Japan, South Korea and Malaysia make up most of the foreigners in the past 18 months. To meet strong foreign interest, Philippine developers are presenting several...
Continue Reading • 16 Jul 2014
WA tops Aussie building league
Western Australia has again topped the rankings in the Australia Housing Industry Association bi-annual Housing Scorecard report.The report benchmarks the contemporary performance of 14 key indicators of activity in residential building against long term averages in each state and territory. This...
Continue Reading • 15 Jul 2014
25% drop in prime London sales
Prime central London is experiencing a 25 percent year-on-year reduction in sales transactions as buyers adopt a wait-and-see approach for both political and economic reasons, according to real estate agency W.A. Ellis.Richard Barber, partner at prime Central London agency W.A.Ellis, said:...
Continue Reading • 15 Jul 2014