RM1 million limit for foreign buyers in Malaysia effective today
With effect from today (March 1), foreigners can only purchase property in federal administered territories in Malaysia at or above RM1 million (S$387,000). But individual states have the right to decide when to implement the policy change, according to Malaysia's Economic Planning Unit...
Continue Reading • 3 Mar 2014
HK follows S'pore by not relaxing cooling measures
According to media reports, Hong Kong’s property market is starting to moderate as a result of the government’s cooling measures. However, Financial Secretary John Tsang Chun-wah said the government would not ease the market curbs just yet. This despite the fact most of the...
Continue Reading • 27 Feb 2014
Book now for E&O Andaman event
Eastern & Oriental Bhd and Asia’s leading property portal, PropertyGuru, cordially invites you to attend a seminar that explores the investment potential of Andaman at Quayside, a luxury seafront project that forms part of Seri Tanjung Pinang (STP) in Penang Island.The Andaman...
Continue Reading • 27 Feb 2014
Own Your Own Slice of Phuket Paradise
If you’ve ever dreamt of investing in property that can deliver low risk, high yield returns served up on an exotic island, then you would surely have been dreaming of Phuket. With its beautiful beaches, cheerful locals and year-round glorious weather, it seems to have it all. And now it...
Continue Reading • 26 Feb 2014
Foreigners flock to Florida property
The U.S. state of Florida attracted the largest share of foreign buyers than any other state during 2013.Data from Florida Realtors also confirmed that the state ended last year with more closed sales, more pending sales and higher median prices than during 2012.The number of closed sales of...
Continue Reading • 26 Feb 2014
Spain, Portugal attracts interest
Property investment opportunities from Spain and Portugal were attracting the attention of Singapore property buyers at a series of events which took place last week.More than 120 guests were treated to an evening of investment insight, flamenco dancing, as well as Portuguese and Spanish wine and...
Continue Reading • 25 Feb 2014
New law will be a 'huge responsibility' for UK landlords
Legislation requiring U.K. property landlords to check the immigration status of their tenants has had its second reading in parliament, and is widely expected to become law later this year.Under the proposed law, landlords who fail to document the immigration statuses of tenants will receive...
Continue Reading • 25 Feb 2014
$400,000 a month for UK condo
A five-bed penthouse in the most expensive apartment block in the world has been put on the rental market for the equivalent of more than S$400,000 per month.The property, which also boasts a further five reception rooms (pictured), six bathrooms, access to wine cellars and two parking spaces, is...
Continue Reading • 25 Feb 2014
RM500,000 minimum price floor for foreign buyers sticks
Industry stakeholders have become sceptical as to the implementation of the new RM1 million (S$382,000) price floor for foreign property purchases.“The market seems to have assumed that it's not implemented and I've heard that developers are still selling properties below RM1 million to...
Continue Reading • 24 Feb 2014
One in three affluent Asians buying overseas
More than one third of affluent Asians have overseas property investments, with Australia being the number one destination regionally according to new research from HSBC.In the survey a total of 37 percent of survey respondents said they already own overseas property, and many also indicated they...
Continue Reading • 24 Feb 2014
UK healthcare investment in the spotlight
What is believed to be the first overseas nursing home property investment exhibition in Singapore is set to take place this weekend.Willowfield Nursing Home in Maidenhead, Berkshire, in the U.K. is being showcased by Singapore real estate agency Trillion Property. The investment opportunity...
Continue Reading • 21 Feb 2014
Thai crisis impacts local buyers
Singapore property buyers and investors have been dragged into the ongoing political tensions in Thailand following an announcement on Wednesday by the leader of the People’s Democratic Reform Committee (PDRC) to withdraw investments from companies related to the Shinawatra...
Continue Reading • 21 Feb 2014
No Asia sales for Battersea's second phase
The second phase of the iconic Battersea Power Station project in London will not be sold at roadshows in Southeast Asia, the developer has confirmed.The project, which is being developed by the Malaysian consortium of SP Setia, Sime Darby and the Malaysia Employees Provident Fund, achieved...
Continue Reading • 20 Feb 2014
Spain, Portugal property in the spotlight
Following favourable enquires from its clients about property investment opportunities in Europe, Singapore-based Premiere Realty is organising a “Flavours of Portugal and Spain” event today (February 20) to introduce investors to real estate opportunities in the Iberian...
Continue Reading • 20 Feb 2014
Trump Las Vegas sees significant interest from Asian buyers
Sales of apartment units at the 64-storey Trump Las Vegas (pictured) have increased five-fold after the property was re-launched in 2012, revealed Trump Organization. Centrally located along the iconic Las Vegas strip, the luxury hotel condominium comprises 1,232 studio and one-bedroom suites and...
Continue Reading • 19 Feb 2014
Jakarta still top luxury property hotspot
Jakarta remains the world's hottest luxury property market with prices in the city’s high-end segment soaring 37.7 percent in 2013, according to Knight Frank’s Prime Global Cities Index which was reported in the media. Liam Bailey, global head of residential research at Knight...
Continue Reading • 13 Feb 2014
Luxury property sales in China to surge this year
Transaction volumes in China’s luxury housing market is expected to increase this year following the lifting of curbs on pre-sale licenses, according to industry analysts quoted in the media. Notably, Beijing and Shanghai gave the green light for the pre-sale of high-end housing projects...
Continue Reading • 12 Feb 2014
No decline in Thailand's popularity
EXCLUSIVE: Overseas interest in Thailand property investments failed to decline during January 2014, despite the ongoing political tensions which have made media headlines around the world.In its latest Top of the Props monthly report, TheMoveChannel.com noted that Thailand was ranked in 8th...
Continue Reading • 11 Feb 2014
Singapore buyers losing interest in London property?
Singaporean buyers have flooded London's property market over the last three years and have significantly reshaped it, media reports said.Based on Knight Frank data, almost 75 percent of new-build homes in prime central London were snapped up by non-UK buyers in 2012, with over one out of six...
Continue Reading • 10 Feb 2014
UEM Sunrise partners with KLK for Iskandar projects
UEM Sunrise has teamed up with plantation giant Kuala Lumpur Kepong (KLK) to develop two land parcels in Iskandar Malaysia into iconic projects with a combined gross development value (GDV) of RM20 billion. The 202ha plot in Gerbang Nusajaya will be developed into residential and commercial...
Continue Reading • 10 Feb 2014