China's offshore real estate investment up 25%
Chinese offshore property investment surged 25 percent year-on-year at the end of Q3 2013, according to Jones Lang LaSalle. For the year, volumes exceeded US$5 billion (S$6.2 billion) beating the previous record of US$4 billion (S$5 billion) set in 2012.Offshore investment growth in China is in...
Continue Reading • 18 Nov 2013
SingHaiyi goes shopping stateside
Singapore property developer SingHaiyi Group has acquired Vietnam Town (pictured), a partially completed commercial condominium development project in San Jose, California, which was placed under receivership, for US$33.05 million.Acquired via a trustee’s auction conducted on November 14,...
Continue Reading • 18 Nov 2013
Foreign buying boost for Myanmar
Overseas property buyers in Myanmar are now able to own apartments on the 6th floor or higher, according to an official draft of the Condominium Law which was published in the country last week.The law also stipulates that foreign buyers can purchase up to 40 percent of apartments above the sixth...
Continue Reading • 18 Nov 2013
Johor to impose 2% levy on foreigners
The Johor government plans to impose a two percent levy on foreign buyers across all property segments including the secondary market starting from May next year, media reports said. This is in addition to the recent cooling measures announced in the country's 2014 Budget.Although this is lower...
Continue Reading • 14 Nov 2013
EcoHouse frustrations start to surface
EXCLUSIVE: Several Singaporean investors in EcoHouse, the developer of Brazilian social housing projects in northeast Brazil, have handed their cases to law firms as a result of increasing frustrations with delays to promised payouts from the company.Last week the developer, under pressure from...
Continue Reading • 13 Nov 2013
MARQUE to tempt S'pore buyers
The growing trend that has seen some of Thailand’s leading condominium developments showcase to Singapore property buyers and investors is set to continue this weekend when ‘super luxury’ condominium MARQUE Sukhumvit (pictured) is exhibited in the city-state for the first...
Continue Reading • 13 Nov 2013
Indian developers roll out incentives to draw buyers
The festive season in India saw property developers dangle several incentives such as free holidays to Bali and cars to attract home buyers amid a market slowdown.Given the country’s slowing economy, high interest rates and unsold housing stock in key cities, property prices in India have...
Continue Reading • 12 Nov 2013
NZ house prices hit record high
House prices in New Zealand hit a new high in October following strong growth in the country’s two key cities while lending restrictions imposed by the central bank have yet to make an impact, revealed state-owned property valuer Quotable Value (QV).QV's residential property index climbed...
Continue Reading • 8 Nov 2013
Melaka to target foreign buyers
Citing the growing number of Singaporeans purchasing property in the state, Melaka’s Chief Minister has said he’s looking at raising the minimum price that foreign buyers must pay to buy or invest there.Speaking to reporters at yesterday’s State Exco meeting, Chief Minister...
Continue Reading • 7 Nov 2013
Fewer launches, higher prices in Bangkok
Fewer condominiums were launched in Bangkok during the third quarter of 2013, while average prices rose marginally quarter-on-quarter and remain more than 22 percent higher than those seen during the first three months of this year.In its Bangkok Condominium Market report, Colliers...
Continue Reading • 6 Nov 2013
Malaysia cooling halts developer IPO
Malaysia’s recent property market cooling measures – including raising the minimum price for foreign buyers to RM1 million and the introduction of a property gains tax - has forced one developer to delay its planned Initial Public Offering (IPO).Iskandar Waterfront Holdings has...
Continue Reading • 6 Nov 2013
Istanbul prices continue to rise
Property prices in Istanbul, Turkey's largest city, have risen substantially in the last three years, and are showing no signs of cooling.Istanbul-based property consultants Universal21.com noted how the pace of property price growth in the city has quickened in recent months as both...
Continue Reading • 6 Nov 2013
Medini to get more incentives
Medini in Iskandar Malaysia is likely to see more advantages in addition to the current incentives it already has when the area is granted exemption from real property gains tax (RPGT) to ensure that the area remains favoured by property investors, according to media reports.Following the...
Continue Reading • 6 Nov 2013
Happy birthday, here's a condo
An Australian father has bought his six-year-old son an unusual and expensive birthday present - an AUD710,000 (S$835,000) Sydney apartment.Lawyer Dion Vertzayas bought his son Dean the one-bedroom property in Victoria Street, Sydney, which has views of the Harbour Bridge.He told Australian...
Continue Reading • 5 Nov 2013
S'pore developer to create new London district
Royal Wharf, one of London’s largest development sites, has been purchased by Singapore-listed developer Oxley Holdings from Ballymore Group for £200 million (S$397.1 million).Oxley Chief Executive, Ching Chiat Kwong, said: “Royal Wharf is an outstanding opportunity and offers a...
Continue Reading • 5 Nov 2013
Mongolia law boost for foreign buyers
Mongolia’s appeal to foreign investors has improved noticeably with last Friday’s introduction of a new investment law.From November 1, a new law has overturned previous legislation, making the financial environment within the country much more attractive to overseas investors.In...
Continue Reading • 5 Nov 2013
Phuket property in the spotlight
Hot property topics including leasehold ownership and real estate industry regulation will be on the agenda at an event in Phuket at the end of November.The American Chamber of Commerce Thailand (AMCHAM) is set to hold an event on Friday, November 22, at Angsana Laguna Phuket. Guest speakers will...
Continue Reading • 4 Nov 2013
Tax targets overseas UK buyers
United Kingdom Finance Minister George Osborne could be set to introduce a capital gains tax on foreign owners of British property.Media reports revealed Osborne could be set to impose the tax to curb speculation by foreign owners of property in the U.K. Currently, overseas owners are not...
Continue Reading • 4 Nov 2013
Sydney apartment demand sky-high
The remaining apartments at Crown Group's US$200 million (S$247.88 million) luxury residential project in North Sydney are being launched for sale, and the units will be available exclusively to buyers in Singapore and Hong Kong.Crown Group is partnering with CBRE to showcase the 232-unit Skye by...
Continue Reading • 1 Nov 2013
S'pore showcase for Thailand property
Singapore property buyers and investors will once again have the chance to learn more about opportunities in Thailand when the third PropertyGuru Thailand Property Show takes place in the city-state this weekend.The event, which will take place on November 2-3 between 11am and 7pm at the Orchard...
Continue Reading • 1 Nov 2013