The Malaysia Property Show returns
Following the success of its previous property exhibitions, PropertyGuru is holding its seventh Malaysia Property Show (MPS) at Marina Bay Sands Convention Centre this weekend, from 10am to 7pm daily. Bringing together 16 of Malaysia's top developers including Country Garden, Mah Sing Group, UEM...
Continue Reading • 13 Dec 2013
Penang market to moderate in 2014
The Penang property market is expected to slow in 2014, with fewer project launches and reduced transactions, but prices are expected to remain stable.Real Estate Housing Developers’ Association (Penang) Chairman Datuk Jerry Chan attributed the slowdown to the government's real property...
Continue Reading • 12 Dec 2013
HK high street rents are priciest
The limited supply of quality retail space coupled with robust demand pushed up high street rents in prime Asia Pacific markets in Q3 2013, revealed Jones Lang LaSalle’s maiden quarterly Retail Index.The index, which monitors the rental performance of prime retail space across Asia...
Continue Reading • 12 Dec 2013
London market to remain buoyant: report
London’s residential sales market continued to witness robust sales during 3Q 2013, as consumer confidence in September reached its highest level since November 2007, according to Global Property Consultants Chesterton Humberts. Chesterton Humberts Prime London Residential Capital...
Continue Reading • 11 Dec 2013
Chinese developer launches maiden Sydney high-rise
Chinese developer Greenland Group will simultaneously launch its A$600 million (S$681 million) Sydney project in various cities including Singapore, Hong Kong and Australia this weekend, said marketing agent CBRE.Greenland Centre Sydney (pictured), the group's first landmark development in the...
Continue Reading • 10 Dec 2013
UK tax to target foreign buyers
Foreign owners of property in the United Kingdom will now be forced to pay capital gains tax, Finance Minister George Osborne announced in London on Thursday.The much-predicted new tax will come into effect from April 2015.Under current U.K. tax laws only second homeowners who are U.K. residents...
Continue Reading • 10 Dec 2013
Ascendas signs contract for Tokyo serviced property
Ascendas Hospitality Trust (A-HTRUST) has secured a five-year management agreement with serviced apartment company Oakwood Asia Pacific to operate its serviced residence in Tokyo, Japan. Under the agreement, Oakwood will manage B:CONTE Ariake (pictured) in Tokyo, which will be rebranded as...
Continue Reading • 5 Dec 2013
Malaysia's Medini zone granted tax break
Malaysia has exempted the area of Medini in Johor state from the 30 percent property gains tax announced in October, a move that could support a US$800 million IPO of the region’s developer in 2014, media reports said.Developed by Medini Iskandar Malaysia, it is the biggest township across...
Continue Reading • 5 Dec 2013
Rapid rise in overseas property launches here
In a bid to lure buyers and investors from Singapore, foreign developers are flying in every other weekend to showcase new projects, media reports revealed. This year alone, about 107 London projects including student accommodation property have been brought here to be sold by several real...
Continue Reading • 2 Dec 2013
Canary Gateway's Artisan Place set for Singapore launch
Artisan Place, one of two principal apartment blocks at City & Docklands’ Canary Gateway in London will be launched this weekend at the Four Seasons Hotel Singapore. The Canary Gateway project is part of an overall regeneration plan, which includes the conversion and redevelopment of...
Continue Reading • 29 Nov 2013
Sydney property a magnet for SEA buyers
The 500th apartment at Top Ryde City Living in Sydney has been reported sold, just months after the launch of its final phase. While most of the buyers are local investors and owner-occupiers, Southeast Asians accounted for the majority of overseas investors, said Iwan Sunito, CEO of...
Continue Reading • 28 Nov 2013
Leading luxury property show returns to Shanghai
One of the world's most prestigious luxury property shows, LPS Shanghai 2013, is back for a sixth time from 6 to 8 December at the five-star JC Mandarin in Nanjing West Road, Shanghai.With over 100 media partners and sponsors, LPS Shanghai 2013 will be held in partnership with Shanghai Tang,...
Continue Reading • 27 Nov 2013
Prime London developers face stern test
With the luxury market cooling, developers of prime London homes which have been the UK’s best-performing property segment since 2009 are now faced with the risk of being squeezed by skyrocketing building costs and land prices, media reports said. Mark Farmer, Head of Residential at...
Continue Reading • 25 Nov 2013
Apple gets green light for flying saucer building
The Silicon Valley city of Cupertino has finally given the green light for Apple’s plan to build a space ship-shaped headquarters, media reports said. The approval came with a 15 percent reduction on the tax break awarded to Apple in 1997, during which time the company’s future was...
Continue Reading • 25 Nov 2013
Melbourne a preferred property destination for Asians
Commercial property assets in Melbourne have been attracting Asia-based buyers, who snapped up 12 of 15 properties sold in the last 10 weeks by Savills.The consultancy revealed that the most recent deal involved the record sale of a single retail shop in one of the most sought-after retail...
Continue Reading • 25 Nov 2013
Tokyo condo looking for Singapore buyers
Majesty House Shinjukugyoen Park Nade (pictured), a freehold condominium complex located near Tokyo’s historical garden Shinjuku Gyoen will be showcased this weekend at the Four Seasons Hotel Singapore. Developed by PanaHome Corporation, the real estate development arm of Panasonic, the...
Continue Reading • 22 Nov 2013
Showcase for iconic Bangkok residences
Thailand’s iconic The Ritz-Carlton Residences, part of the prestigious MahaNakhon mixed-use development in Bangkok, will be targeting Singapore property investors at a special invitation-only exhibition this weekend.The development, which when completed in 2015 will be Thailand’s...
Continue Reading • 22 Nov 2013
Chinese grabbing Portugal property-for-residency visas
Official figures show that 78 percent of property-for-residency visas in Portugal have gone to Chinese nationals, but current interest may be even higher according to one top agent.A total of 318 visas have been issued under the Golden Residence Permit since it began in October 2012, and 248 of...
Continue Reading • 20 Nov 2013
More tax for Asian UK buyers
Asian property buyers and investors now appear to be firmly in the sights of the British government following a statement from Deputy Prime Minister Nick Clegg in the British Parliament on Monday.In a news conference, Clegg said: "We certainly need to make sure that people who invest very...
Continue Reading • 19 Nov 2013
Asians buying two-thirds of London new-build homes
Some 66 percent of new-build homes in London are being sold to buyers from Southeast Asia, according to information from the U.K.’s largest real estate investment trust.Land Securities Group revealed the figures at a press conference in Singapore yesterday, and noted that Singapore and Hong...
Continue Reading • 19 Nov 2013