Russians still buying overseas, despite Crimea crisis
Despite the tense political situation in Russia and Ukraine, the reaction from ordinary Russians has been business as usual, with many arranging inspection trips within weeks to buy overseas real estate, revealed the aiGroup in Russia, organisers of overseas property shows in Moscow and St....
Continue Reading • 21 Mar 2014
US existing home sales down in Feb
Sales of existing homes in the US fell to its lowest level in February since July 2012, an indication that the pace of market recovery may be slow, media reports said.Figures from the National Association of Realtors shows that contract closings on previously owned homes fell 0.4 percent to an...
Continue Reading • 21 Mar 2014
Malaysia has highest household debt in Asia
Driven by a buying spree of houses and cars, Malaysia’s household debt has climbed to 86.8 percent of GDP, which is the highest in Asia. “The ratio of household debt-to-GDP is expected to remain elevated over the next few years as demand for credit is likely to remain strong,...
Continue Reading • 20 Mar 2014
Office to residential conversions on rise in Australia
Developers in Australia have been converting older commercial sites into residential developments on the back of a booming housing market, increasing supply of new office space and slowing tenant demand, according to media reports.In 2013, almost 47,000 sqm of office space was removed from the...
Continue Reading • 20 Mar 2014
Chinese in rush to sell off HK homes
A growing number of wealthy Chinese are rushing to sell their luxury homes in Hong Kong, with some even offering big discounts for a quick sale, on the back of a looming liquidity crunch on the mainland, stated media reports.These same cash-strapped sellers were blamed for the skyrocketing...
Continue Reading • 20 Mar 2014
Bitcoin buyer snaps up Bali villa
A U.S. buyer has paid more than US$500,000 for a 3,000 sq ft villa in Bali in what is believed to be the largest reported Bitcoin real estate transaction ever concluded.The sale of the fully furnished two-bedroom villa at the award-winning delMango Villa Estate in Seminyak (pictured) was...
Continue Reading • 20 Mar 2014
UK property tax loophole closed
Overseas property buyers and investors who use companies to make their U.K. property purchases were targeted in yesterday’s Budget statement.Finance Minister George Osborne announced changes to Stamp Duty on properties that are purchased through companies, and thereby closing a tax...
Continue Reading • 20 Mar 2014
Mega reclamation plan for luxury Iskandar homes
Hong Kong-listed Country Garden Holdings and Johor state investment arm Kumpulan Prasarana Rakyat Johor (KPRJ) have drawn up plans for a massive reclamation project to build luxury homes close to Pendas in southern Johor near Singapore. The development could sit on a land area of “a few...
Continue Reading • 19 Mar 2014
India buyers focus on Hyderabad
Investors in Indian property have their eye firmly fixed on Hyderabad, according to new research from TheMoveChannel.com.The capital of Andhra Pradesh will become the capital of India´s new state, Telangana, this summer, and 10 percent of buyers are already searching for opportunities,...
Continue Reading • 19 Mar 2014
Homes near Wembley Stadium launching in S'pore
Quintain Estates will launch its new London residential development dubbed North West Village at Wembley Park this weekend (15-16 March) at the Four Seasons Hotel.The first phase of the project, Emerald Gardens, comprises 475 apartments spread across seven buildings and is set around an acre of...
Continue Reading • 17 Mar 2014
China home sales drop amid property tightening measures
Home sales in China fell during the first two months of 2014 as local government measures aimed at moderating property prices dampened buyer sentiment, media reports said.The National Bureau of Statistics noted that home sales value dropped five percent to 598.5 billion yuan (S$123 billion) over...
Continue Reading • 14 Mar 2014
Malaysia show this weekend
Banking on the continued interest for property in Malaysia, PropertyGuru will host another Malaysia Property Show (MPS) this weekend (15-16 March) at Marina Bay Sands Convention Centre, from 10am to 7pm daily.Now in its 8th showing, the exhibition will feature the latest residential projects from...
Continue Reading • 13 Mar 2014
S'pore investors urged to look beyond central London
London property continues to be popular among foreign investors, with Singaporeans playing a huge part in the whopping £37 billion (S$78 billion) overseas investment that has poured in over the last seven years, according to IP Global.While the focus has been mainly on prime central London,...
Continue Reading • 11 Mar 2014
Russians still searching for Thai property
Property buyers and investors from Russia are searching for homes in Thailand in ever increasing numbers, according to the latest research from Russia’s fastest growing international property portal.During February 2014, Idinaidi.ru saw a 26 percent increase in searches for property in...
Continue Reading • 11 Mar 2014
London buyers spoilt for choice
This weekend sees another round of overseas property exhibitions in Singapore featuring five prominent developments from London.Stratford Riverside (pictured), a new flagship mixed-use development by Weston Homes, is close to Canary Wharf and the City of London, the capital’s two financial...
Continue Reading • 7 Mar 2014
UK property prices up in Feb
Average property prices in Britain climbed by over £16,000 (S$33,840) in the past year, according to the UK's largest mortgage provider, Halifax.Its latest index also showed that prices increased by 2.4 percent month-on-month in February. This is the highest monthly increase since May...
Continue Reading • 7 Mar 2014
AU$660,000 starting price for Viking by Crown
Crown Group’s new Viking by Crown development in Sydney is expected to be completed in the middle of this year.One, two and three-bedroom apartments at the 110-unit project are now available for sale with prices starting from AU$660,000 (S$754,300). Facilities are a 25-metre pool,...
Continue Reading • 6 Mar 2014
S'poreans take wait-and-see approach to Johor property
Despite the delayed implementation of the RM1 million (S$387,000) minimum property price threshold for foreigners in Johor, Singaporean buyers are unlikely to rush in, according to Khalil Adis, Founder of Khalil Adis Consultancy.He noted that Singaporeans are used to the orderly and uniform...
Continue Reading • 5 Mar 2014
Johor's RM1m limit on foreign buyers takes effect May 1
The RM1 million (S$387,000) minimum price threshold for foreign property buyers in Johor will only take effect in May 2014 and applies to housing developments approved after that date, said Johor Chief Minister Datuk Seri Mohamed Khaled Nordin. But units at projects with prior planning permission...
Continue Reading • 3 Mar 2014
Oxley, Ballymore partner on London's Royal Wharf
Oxley Holdings has announced that it will be working with UK-based Ballymore Group to develop the Royal Wharf in East London, purchased late last year by the Singapore-listed developer. Ching Chiat Kwong, Chairman and CEO of Oxley said, “Our partnership has allowed us to make...
Continue Reading • 3 Mar 2014