HK agents rally against property rules
Following a significant slump in property transactions in Q2, about 5,500 real estate agents and industry watchers in Hong Kong gathered at a rally asking the government to remove the curbs aimed at cooling the housing market, according to media reports.Denys Kwan, former President of the Society...
Continue Reading • 8 Jul 2013
Harry Potter star sets up property firm
British actor Rupert Grint (pictured), who played Ron Weasley in the famous Harry Potter series, has established his own property management company called Eevil Plan Properties, according to media reports.The new company will help the 24-year-old actor manage the income from his property...
Continue Reading • 8 Jul 2013
London's super-prime homes luring various nationalities
Super-prime homes in London, or properties priced above £10 million (S$19 million), have seen strong demand from both local and international buyers, with 33 different nationalities buying up luxury homes in central London since 2009. However, “there is a common misconception...
Continue Reading • 5 Jul 2013
Ground broken for Battersea Power Station project
UK Prime Minister David Cameron and his Malaysian counterpart Datuk Seri Najib Razak yesterday held a groundbreaking ceremony for the first phase of the Battersea Power Station (BPS) redevelopment in southwest London. The event was also graced by officials from the consortium that owns the...
Continue Reading • 5 Jul 2013
Myanmar buyers look to London
London-based property advisor LondonDom is opening an affiliate office in Yangon, Myanmar, to service increasing demand for U.K. property from local buyers.Managing Director George Shishkovsky will be heading to Myanmar this month to meet with potential clients. His company already has a track...
Continue Reading • 5 Jul 2013
Asian boost for apartment sales down under
Riding on the fall of the Australian dollar, Asian buyers are expected to boost apartment sales in Australia, where a bumper supply of new projects were launched recently. “The weakening of the Australian dollar creates stronger buying power for foreign investors,” said...
Continue Reading • 4 Jul 2013
Sim Lian unveils serviced residence in KL
Singapore-based Sim Lian Group through its subsidiary Perumahan SLG Central will tomorrow launch KL Trillion (pictured), a new luxury serviced residence right in the heart of Kuala Lumpur. The first phase will comprise 184 of the total 368 serviced residence units that will form part of a...
Continue Reading • 4 Jul 2013
Dubai property prices up
Housing prices in Dubai have soared 16.1 percent year-on-year, following a 2.01 percent increase in May from the previous month, according to the REIDIN sales price index. Reports noted that this growth indicates a rebound in the residential property market from the crash of 2008.Last month,...
Continue Reading • 3 Jul 2013
Sales of yet-to-be-built US homes surge
Of the 45,000 new US homes sold in May, 16,000 have yet to start construction, according to data from the Commerce Department. This comprises 36 percent of all new US homes sold for that month, up from 26 percent in 2012, 14 percent in September 2008 and the highest percentage in nearly...
Continue Reading • 3 Jul 2013
London mega mansion on sale for S$317.8 m
A 45-room mansion in Mayfair, London is set to go on sale for £250 million (S$317.8 million), making it one of the most expensive private homes being sold in the UK.Built between 1756 to 1761, Cambridge House (pictured) was once the home of the Duke of Cambridge and Victorian Prime Minister...
Continue Reading • 3 Jul 2013
Japan land prices decline at slower pace
Average land prices in Japan dipped 1.8 percent in January compared to the same period a year ago, according to a survey by the country's National Tax Agency.However, the rate of decline was the lowest in five years, following a drop of 2.8 percent in 2011 and 3.1 percent in 2010 — a sign...
Continue Reading • 2 Jul 2013
China's housing markets among world's most expensive
Seven of the world’s top ten least affordable housing markets are in China, according to calculations by the International Monetary Fund (IMF). Based on the IMF house price to wage ratio — which measures average housing prices in a particular city against average disposable...
Continue Reading • 2 Jul 2013
Book on Iskandar launched
A new book has been published which reveals the secrets of investing in Iskandar, Malaysia, from a Singaporean perspective. The book, Get It Right Iskandar, is co-authored by Getty Goh and Khalil Adis. It’s aimed at the average investor and provides easy-to-read information to help...
Continue Reading • 27 Jun 2013
JB condo delay irks S'porean buyers
A group of Singaporeans who bought condo units at the 602-unit KSL D’Esplanade Residence in Johor Bahru, have complained about plan changes, repeated construction delays and confusing information on when the project will be completed. According to media reports, the buyers said they...
Continue Reading • 27 Jun 2013
Swiss 5-star hotel set for Singapore preview
The Chedi Andermatt Residences (pictured), a five-star luxury hotel in Andermatt, Switzerland will hold its Singapore preview tomorrow, 27 June. The exclusive seminar and lifestyle show will be held at the Four Seasons Singapore Hotel.The Chedi Andermatt features 50 luxury hotel rooms and...
Continue Reading • 26 Jun 2013
Indians turn savvy on overseas property
More Indians are now keen to invest in overseas property, since the Reserve Bank of India (RBI) has increased the allowable money remittance abroad to US$200,000 (S$253,685) from US$50,000 (S$63,421) previously.According to Knight Frank, they now receive 20 enquiries monthly compared to only four...
Continue Reading • 26 Jun 2013
Hot interest in S'pore, HK for Sydney project
Australian property developer Crown Group has achieved over AU$20million (S$23.62 million) in apartment sales for its Skye by Crown (pictured) project at recent launches in Singapore and Hong Kong.“Residents of Singapore and Hong Kong are among the savviest investors in the world,”...
Continue Reading • 25 Jun 2013
London's small houses a hit with Asians
Asian buyers of London property opt for smaller, lower-priced units and prefer waterside locations according to the latest research from Savills.In its The World in London report, published yesterday, the real estate agency noted that 38 percent of buyers in the overall prime London property...
Continue Reading • 25 Jun 2013
Distressed Phuket villas for sale
A total of 21 Phuket pool villas in a “distressed pool villa project” are being touted for sale with a THB220 million (S$9.10 million) price tag.Colliers Thailand is offering the villas at the Sujika Gardens gated community in Cherngthalay for sale at what it describes as being 35...
Continue Reading • 21 Jun 2013
Iskandar still attractive amid rising prices
Investors remain bullish over long-term prospects for Iskandar Malaysia, but some have turned cautious on the sustainability of growing property prices in view of the ample supply in the next couple of years.According to Maybank-IB, aggressive launches, particularly of high-rise condominiums, led...
Continue Reading • 21 Jun 2013