China home prices continue to rise
Home prices in China’s largest cities in May posted their highest annual growth rate in over two years, according to calculations by The Wall Street Journal based on data from China’s National Bureau of Statistics.Average prices of newly constructed homes across 70 major cities...
Continue Reading • 20 Jun 2013
Chinese firm to build 62-storey London tower
Chinese real estate firm Dalian Wanda Group has acquired a huge residential site in London, which will soon house a 670-ft residential tower poised to become the tallest in Western Europe.Located at the South Bank of the Thames, the 1.1million sq ft site was sold to Dalian Wanda for £700...
Continue Reading • 20 Jun 2013
Mansion for sale with owner
Buyers of the de Guigné Estate, which is on the market with a price tag of US$100 million, will get an added extra as part of their property purchase.The home in Hillsborough, California – one of the most expensive in the United States – is being sold with the condition that...
Continue Reading • 20 Jun 2013
Keppel Land China secures prime residential site in Shanghai
Keppel Land continues to strengthen its presence in China after acquiring a 17.5-ha prime residential site in Sheshan, Shanghai for RMB1,330 million (S$266 million). The site is said to be developed into 200 landed homes.“China is one of Keppel Land’s core markets and we are committed...
Continue Reading • 19 Jun 2013
Monaco penthouse to sell from S$315m
A five-storey penthouse (pirtured) on top of the 49-storey Odeon Tower in Monaco is set to become the most expensive property in the world when it is launched next year.The unit offers 3,300 sq m of living space and is expected to have a starting price of about US$250 million (S$315 million). The...
Continue Reading • 19 Jun 2013
Tycoon to build London's 2nd biggest residence
By Shabnam Muzammil:British property mogul Marcus Cooper (pictured) plans to transform seven adjacent houses near Regent’s Park in London into a single stuccoed ‘super-mansion’ with an asking price of approximately £200 million (S$392 million).Overall, the seven-storey...
Continue Reading • 17 Jun 2013
Sydney penthouse sale sets new record
By Andrew Batt: A new record for the most expensive Australian apartment ever sold has been set with the AUD$21 million (S$25.13 million) purchase of a two-storey penthouse in Sydney.The prestigious property at Pacific Bondi Beach was purchased by Will Vicars, Chief Investment Officer of...
Continue Reading • 17 Jun 2013
Record price for parking spaces
By Andrew Batt: Two adjacent parking spots in an exclusive part of Boston sold for US$560,000 (S$700,000) after a bidding war erupted between two neighbours.The Boston Globe reported how the spaces, behind Commonwealth Avenue, sold for almost double the average price for a family home in nearby...
Continue Reading • 17 Jun 2013
Aussie property prices stabilise
By Andrew Batt: Median price rises in Australia’s capitals are largely stable – apart from more affordable areas of the capital Canberra, new figures show.During the first three months of the year the Australian weighted average median house price for the eight capital cities fell 0.2...
Continue Reading • 15 Jun 2013
Overseas buyer ban will damage UK
By Andrew Batt: Singapore real estate agents selling London property investments have reacted strongly to yesterday’s call by a UK MP to ban overseas buyers in the UK capital.Hundreds of London properties have been sold to Singapore buyers this year alone, and in 2012 locals here were the...
Continue Reading • 15 Jun 2013
Stop overseas London buyers: MP
By Andrew Batt:A UK member of parliament has called for the introduction of a law to stop foreigners buying London new-build properties.Simon Hughes (pictured), the Liberal Democrat MP for Bermondsey & Old Southwark, yesterday told reporters: “Too many of the homes which are being built...
Continue Reading • 14 Jun 2013
Edited images land agent in trouble
By Andrew Batt:A Manhattan real estate agent is in trouble after editing photographs of a US$7 million property he was marketing to make it look more attractive.Luis Ortiz was shown altering the images on an episode of the top television programme Million Dollar Listing New York. The 26-year-old...
Continue Reading • 14 Jun 2013
Housing boom in Silicon Valley
By Nikki De Guzman:A slew of new condominiums and apartments are rising in Silicon Valley in the US, with around 1,700 units underway in San Mateo County and 8,000 units in Santa Clara County.Most of these developments are expected to draw the Generation Y/Millenials due to modern lifestyle...
Continue Reading • 13 Jun 2013
London to get 75-storey tower
By Nikki De Guzman:The plan to build a 784ft skyscraper (pictured) on Canary Wharf is set to be approved by the Tower Hamlets council today. Touted as a “town in a tower”, the 75-storey building will have 822 residential units in an effort to address London’s chronic housing...
Continue Reading • 13 Jun 2013
London demand to outstrip supply
By Andrew Batt:Supply of new housing in Central London will fall as much as 40 percent short of demand over the course of the next ten years, according to a new research report.Analysis by Knight Frank published in its London Calling report this week predicts that if the annual uplift in...
Continue Reading • 13 Jun 2013
Pop star Joel sells Miami mansion
By Andrew Batt: Pop star Billy Joel has sold his Miami Beach waterfront mansion for a reported US$13.75 million.The 8,880 sqft luxury property on La Gorce Island features seven bathrooms, nine bathrooms, two kitchens and a four-car garage.The sale, which was handled by Sotherby’s Real...
Continue Reading • 13 Jun 2013
Chinese splash cash in Portugal
By Andrew Batt: Chinese property buyers and investors have been buying big in Portugal, with one agent reporting sales worth more than €25million in just two and a half months.Real estate agency Fine & Country recently took part in a Beijing property show and promoted the ‘Golden...
Continue Reading • 12 Jun 2013
UK house sales at three-year high
By Andrew Batt:The amount of homes sold in the United Kingdom over the past three months reached its highest level since January 2010 as buyers across the country began to return to the market.According to the latest RICS residential market survey, published today, chartered surveyors in the UK...
Continue Reading • 11 Jun 2013
French property in the spotlight
By Andrew Batt:Villages Nature, a large-scale project located close to Disney in Paris – will see its much anticipated Southeast Asia launch in Singapore this weekend and, in doing so, becomes the first French property investment opportunity to exhibit in the city-state for more than at...
Continue Reading • 8 Jun 2013
Victoria, Capital Territory among Australia's residential hotspots
By Nikki De Guzman:The annual HIA Population and Residential Building Hotspots report named Western Australia, Victoria and the Australian Capital Territory (ACT) as home to the country’s premiere housing hotspots.Covering the fastest growing areas from 2011 to 2012, the report defines...
Continue Reading • 7 Jun 2013