Belvedere marks construction milestone
Winten Property Group's AUD140 million (S$162.9 million) Belvedere apartment project that led North Sydney's residential revival has celebrated a major milestone, with construction reaching the topping out stage.The site of 138 Walker Street, North Sydney, has seen a flurry of activity since...
Continue Reading • 19 Jul 2013
Vietnam real estate market thaws
Vietnam's property market is starting to attract overseas investors once again, following a two-year freeze. While the market has not yet bottomed out, some investors believe that it will rebound soon.For instance, EXS Capital announced on 16 July that it has spearheaded the formation of a US$37...
Continue Reading • 18 Jul 2013
US new home construction drops in June
New home construction in the United States dropped significantly in the month of June, according to the Commerce Department.Housing starts declined by 9.9 percent on May figures to a seasonally adjusted annual rate of 836,000 units, with building permits also dropping 7.5 percent.The decline was...
Continue Reading • 18 Jul 2013
US sees surge in mortgage applications
The overall number of housing loan applications filed in the US soared 22 percent last week compared to the previous week, according to the Mortgage Bankers Association's weekly survey, which covers more than 75 percent of all residential loan applications in the country.However, the market...
Continue Reading • 18 Jul 2013
Aussie PM cancels sale of Canberra home
After almost two months of being on the market, Australian Prime Minister Kevin Rudd's five-bedroom house in Canberra will no longer be for sale.First listed on 29 May, the 465sq m home located in the suburb of Yarralumla was priced at A$2.25 million (S$2.61 million), said reports.According to...
Continue Reading • 18 Jul 2013
US home builder confidence soars
The National Association of Home Builders (NAHB) in the US revealed that confidence in the industry has increased six points in July to its highest level since January 2006. This is also the third consecutive month of increase in the index of newly-built, single-family homes, reaching 57 in...
Continue Reading • 17 Jul 2013
Myanmar property prices climb: official
As buyers in Myanmar continue to flip properties, the country's prices will continue to head north in the next few years, noted Presidential Adviser U Aung Tun Thet.“We’ve seen that property prices have reached twice the prices of neighbouring Thailand,” he said at a recent...
Continue Reading • 16 Jul 2013
Slowdown in China property investment
Property investments in China moderated slightly in the first half of 2013, growing 20.3 percent compared with an annual increase of 20.6 percent between January to May, according to the National Bureau of Statistics.Revenue growth from property sales also eased to 43.2 percent during the period...
Continue Reading • 16 Jul 2013
SE Asians relish 'cheaper' London property
Following a significant increase seen over the last six years, average property prices in Prime London Central (PLC) are now 34 percent higher than their pre-credit crunch levels, according to HM Land Registry data analysed by London Central Portfolio (LCP).But LCP noted that London property...
Continue Reading • 16 Jul 2013
Bali's farmland villas gaining popularity
The rustic charm of villas set amongst green rice fields is becoming popular with tourists in Bali, Indonesia, despite their hefty prices. According to media reports, a two-bedroom villa with rice paddy fields on one side and a lawn can go for at least IDR15 million (S$1,950) a month. Such...
Continue Reading • 16 Jul 2013
Bill Gates buys equestrian-friendly mansion
Microsoft co-founder Bill Gates, one of the world’s richest people, has reportedly bought a new home (pictured) at Palm Beach County in Florida for US$8.7 million (S$11 million).He previously rented the Mediterranean-style home when his daughter competed in an equestrian festival in January...
Continue Reading • 15 Jul 2013
More affordable UK homes exhibiting this weekend
UK-based developer Telford Homes’ latest residential tower in London will make its debut at the St. Regis Singapore (The Senator Room) this weekend. Called Lime Quay (pictured), the 12-storey building comprises one- to three-bedroom apartments that come with a balcony or terrace. The...
Continue Reading • 12 Jul 2013
Malaysia Property Show this weekend
Asia's leading property portal, PropertyGuru will hold its 5th Malaysia Property Show (MPS) at Marina Bay Sands over the weekend (13 to 14 July).The event will serve as a platform for Singapore property buyers and investors to gain insights on latest trends in Malaysia's real estate market...
Continue Reading • 12 Jul 2013
Indonesia eyeing property curbs
In a bid to ease inflation and strengthen the weakening rupiah, Indonesia's central bank plans to implement new measures to address rising home prices and tackle a shortage of US dollars.According to Bank Indonesia Governor Agus Martowardojo, inflation is nearing the upper end of its forecasted...
Continue Reading • 12 Jul 2013
Johor may tweak housing act
To provide citizens with more chances to own their homes, Johor is considering amending its Housing Enactment by increasing the current quota of affordably priced units in developments. “We want to ensure more people in Johor can afford to own houses,” said Housing and Local...
Continue Reading • 11 Jul 2013
US mortgage rates remain volatile
Mortgage rates in the US have reached their highest level in two years after jumping more than 20 points last week, according to data from US real estate portal Zillow.The data showed 30-year fixed mortgages in the US increased from 4.17 to 4.41 percent, the highest since July 2011.The figures...
Continue Reading • 10 Jul 2013
Australian market shows signs of recovery
AUSTRALIA'S property market is showing signs of recovery after recording a slight increase in new home sales in May.New home sales climbed 1.6 percent for the month, with detached house sales up 0.9 percent, according to the Housing Industry Association (HIA).But the market is still faced with...
Continue Reading • 10 Jul 2013
More Vegas homes for sale
Las Vegas' property market remains hot as median home prices and the number of homes for sale continues to increase, according to the latest data from the Greater Las Vegas Association of Realtors (GLVAR).Dave Tina, President of GLVAR, said local home prices “could continue to appreciate in...
Continue Reading • 10 Jul 2013
Foreigners still snapping up US homes
Canadians have emerged as the largest group of foreign buyers for US property, according to figures showing near-record levels of international investment in the country's housing market.International purchases reached their second highest level at six percent of existing home sales in the twelve...
Continue Reading • 9 Jul 2013
HK residential prices could correct up to 20%
Home prices in Hong Kong are expected to correct by 10 to 20 percent due to less demand from mainland Chinese buyers, tight property restrictions and higher interest rates, noted Frederic Neumann, Co-head of Asian Economics at HSBC.“I think the [cooling] measures that we've seen imposed...
Continue Reading • 9 Jul 2013