Japan to build $1.2m Olympic complex
Ahead of the 2020 Olympics, Tokyo has unveiled plans to build an Olympic Village to house participating athletes. The move is expected to benefit several developers.“It would have quite a positive impact for the construction and the real estate market,” said Yoji Otani, Tokyo-based...
Continue Reading • 26 Jul 2013
UK market expert to share insights this weekend
Singaporean property buyers and investors will be able to learn valuable insights and information about the U.K. property market from one of the country’s most knowledgeable and well-known experts.Stuart Law, Chief Executive Officer and Co-Founder of Assetz Group, will be answering...
Continue Reading • 26 Jul 2013
Greek island to go under hammer
An uninhabited private island in Greece (pictured) will be put up for auction in September with a starting bid of €10 million (S$16.8 million), according to media reports.Located off the coast of Halkidiki peninsula in northern Greece, the 10ha Spalathronisi island has been owned by a Greek...
Continue Reading • 26 Jul 2013
Shaq's ex-house in Beverly Hills listed for $9.5m
The former house of Los Angeles Lakers basketball icon Shaquille O’Neal in Beverly Hills (pictured) has been listed on the market for US$9.5 million (S$12.04 million) by Japanese pop star Kyosuke Himoru, who bought the mansion from the retired NBA player for US$6.4 million (S$8.11 million)...
Continue Reading • 26 Jul 2013
Big drop in Aussie new home construction
New residential construction in Australia has plummeted across the nation, according to data from PRDnationwide's most recent Quarterly Economic and Property Report.The report from the Australian real estate agency noted that during the March 2013 quarter, the total value of residential...
Continue Reading • 26 Jul 2013
Appreciation event for The Mark buyers
An appreciation night for Singapore and Malaysia buyers of a Thailand condominium development attracted more than 100 people when it took place last weekend.The event, believed to be the first of its kind, was organised by Singapore real estate agency Trillion for its buyers of units at The Mark,...
Continue Reading • 26 Jul 2013
The lure of Singapore for Sansiri
It’s been a while since Sansiri, one of Thailand’s top property developers, has exhibited to property buyers and investors in Singapore. This weekend the company returns with its Phuket beachfront project – Baan Mai Khao.PropertyGuru’s International Group Editor Andrew...
Continue Reading • 25 Jul 2013
US new home sales hit 5-year high
Sales of new homes in the US rose 8.3 percent in June to reach a seasonally adjusted annual rate of 497,000 units, according to the US Department of Commerce. This is the highest level in five years and surpasses economists' forecasts of 482,000 units.It also translates to a 38.1 percent increase...
Continue Reading • 25 Jul 2013
Asia boost for Detroit real estate
Real estate agents selling Detroit property have reaped unexpected benefits over the North American city’s recent bankruptcy saga.Legal arguments are currently raging over whether the troubled Michigan city is able to file for bankruptcy, which is part of a complex plan to ease its...
Continue Reading • 24 Jul 2013
Investors cashing in on Barcelona boom
Luxury Barcelona-based real estate company Lucas Fox has registered a doubling in demand for luxury hotel conversions and off-plan commercial projects in the first six months of 2013 as Barcelona`s international appeal continues to strengthen – especially with investors from Asia once new...
Continue Reading • 24 Jul 2013
Parking or a home; price is the same
A leasehold parking space in central London has been put on the market for almost the same price as nearby apartments.The Hyde Park offices of London real estate agency Kay & Co has been instructed to sell the parking space, which comes with a 91-year lease, for £300,000 (THB14.28...
Continue Reading • 24 Jul 2013
Exciting times ahead for Malaysian property: expert
Malaysia’s property market has excellent growth potential and is expected to benefit from Singapore’s high housing prices, according to Kenny Tan, Founder and Principal Trainer at the Singapore-based School of Infinite Potential. “Malaysia still has much growth. The market...
Continue Reading • 23 Jul 2013
Malaysia Property Showcase debuts in Johor
PropertyGuru, the leading property portal in Asia, will hold its popular Malaysia Property Showcase (MPS 2013) for the first time in Johor Bahru at the Traders Hotel, Puteri Harbour this weekend (27 – 28 July) from 10am to 7pm. Gerard Kho, Country Manager for PropertyGuru Malaysia, said:...
Continue Reading • 23 Jul 2013
Mega-mansion in Queensland sold for $6.17m
A large mansion at The Sovereign Islands in Queensland was sold at an auction this past weekend for AU$5.3 million (S$6.17 million).Civil engineer Riccardo Rizzi is the new owner of the property at 26-32 Knightsbridge Parade East (pictured), once the most expensive mansion in Queensland with an...
Continue Reading • 22 Jul 2013
M'sians No 1 buyers of London property
With a total of £1.3 billion (S$2.5 billion) worth of purchases, Malaysians were the top property buyers in London in the seven months leading up to 24 July 2012, surpassing British buyers and pushing those from the US into second place, according to CBRE Group. They are also set to become...
Continue Reading • 22 Jul 2013
New Johor bus terminal to be ready soon
A new centralised bus terminal at Gelang Patah in Johor is nearing completion and is expected to open by the end of this year, according to the Express Bus Agencies Association (EBAA).The new terminal called GP Sentral is located on the fringe of Gelang Patah, along Jalan Gelang Patah - Kampong...
Continue Reading • 22 Jul 2013
China home prices up in June
Home prices in 69 of 70 cities in China increased in June amid a slowing economy and weakening industries.Data from the National Bureau of Statistics revealed that the southern business city of Guangzhou climbed the most with a price increase of 16 percent. Large gains of 13 percent and 12...
Continue Reading • 19 Jul 2013
Private island resorts catch on in Cambodia
Villa resorts set on private islands have seen a growing trend in the Asia Pacific, especially the Maldives. This has now reached Cambodia with last year’s opening of Song Saa. The first of its kind in the country, the US$22 million (S$28 million) development managed by Song Saa Hotels...
Continue Reading • 19 Jul 2013
Singapore launch for Eternity condo
Singapore will this weekend host the first overseas sales exhibition for Eternity Sukhumvit 8, a freehold condominium development in central Bangkok.The eight-storey property, which is expected to be completed in 2015, will feature a total of 131 units with one-bedrooms ranging in size from 33.6...
Continue Reading • 19 Jul 2013
Aussies pump cash into US oil boom
Australian property investors have pumped more than US$2 million (S$2.53 million) into North Dakota just in the last six weeks, and are keen to further boost their portfolio based around the mining industry.The mining boom in Western Australia has made it the strongest economy in the country....
Continue Reading • 19 Jul 2013