Owners fined for squeezing 32 people into two homes
By Shabnam Muzammil:City officials in London, a city in Southwestern Ontario, Canada have issued a $3,500 (S$4,233) fine and probation order on the owners of two homes for exceeding the maximum permitted number of bedrooms in a residential property. Located at 1703 and 1709...
Continue Reading • 16 Apr 2013
Perth property has Hollywood appeal
By Romesh Navaratnarajah:A luxury apartment in Perth, Western Australia has been put up for sale at A$2.7 million (S$3.45 million), but what makes the home stand out is that it’s the set for the new movie Son of a Gun, starring actor Ewan McGregor. Famous for his roles in...
Continue Reading • 16 Apr 2013
Jimmy Choo buys Penang mansion
By Farah Wahida: Datuk Jimmy Choo, fashion designer to film stars and royalty, recently purchased an RM4.4 million (S$1.79 million) townhouse in his home state of Penang, according to reports. “This is the first property I have purchased here since I left for Britain as a child. I’m...
Continue Reading • 15 Apr 2013
UK property asking prices on the rise
By Andrew Batt:Asking prices for property in the United Kingdom rose by 2.1 percent in March to a new monthly record, although asking prices for property in London saw a decline – by 0.5 percent. Data from Rightmove which lists more than 90 percent of available property in the UK...
Continue Reading • 15 Apr 2013
Turkey to see more interest
By Andrew Batt: Just one Singaporean national purchased property in Turkey during the last 11 months according to data provided by the country’s General Directorate of Land Registry and Cadastre. Some 9,990 of a total of 12,512 houses and plots of land were purchased by non-Turkish...
Continue Reading • 15 Apr 2013
India real estate outlook stable: expert
By Romesh Navaratnarajah:With India’s economy in the process of getting back on track, its property market will also stabilise in the next two to three quarters, noted Sanjay Verma, CEO (APAC) at Cushman & Wakefield. In a recent interview with the Business Standard, he played down...
Continue Reading • 15 Apr 2013
PropertyGuru hosting first-ever India Show this weekend
By Shabnam Muzammil:PropertyGuru, Asia’s leading property portal, will hold its inaugural India Property Show (IPS) in Singapore this weekend (13 - 14 April) from 11am to 7pm at Marina Bay Sands Convention Centre, Level 4 (Melati Ballroom). The event will feature signature properties from...
Continue Reading • 12 Apr 2013
Trump makes landfall in India
By Romesh Navaratnarajah: In an effort to expand its footprint in India, US-based property firm Trump Organisation is in talks with real estate developers in Mumbai and the National Capital Region (NCR) for two Trump-branded housing projects.“This is the first of its kind tie-up Trump has...
Continue Reading • 12 Apr 2013
New Boracay resort attracts keen interest
By Shabnam Muzammil:The first branded resort residence in Boracay Island is seeing strong interest from Asian buyers. Aqua Boracay, designed by yoo Studio, held an exclusive sales event in Singapore this week to tap on growing demand for Philippines properties. Speaking exclusively...
Continue Reading • 12 Apr 2013
London's Trafalgar Place launching here
By Romesh Navaratnarajah: Australia-based developer Lend Lease has unveiled Trafalgar Place (pictured), a new urban residential development located in Elephant & Castle within prime central London. As part of its global launch, an exhibition in Singapore will be held this weekend (13 to 14...
Continue Reading • 12 Apr 2013
Vantone Taipei 2011 global launch in Singapore
By Shabnam Muzammil:Vantone Taipei 2011 (pictured) will be unveiled in Singapore on 13 and 14 April, leveraging on its successful launch in Hong Kong with sales exceeding the 75 percent mark. Located in Taiwan, the development comprises luxurious vacation homes and has seen significant...
Continue Reading • 11 Apr 2013
CapitaLand jointly tops out Vietnam devt
By Nikki De Guzman:CapitaLand and Vietnamese property developer Khang Dien have jointly topped out PARCSpring, an urban living community along the river promenade in Binh Trung Dong Ward, District 2, Ho Chi Minh City.The event was attended by hundreds of guests including business partners,...
Continue Reading • 10 Apr 2013
Large investors eye UK residential rental market
By Nikki De Guzman:The UK residential rental market is poised to receive huge investment capital, with investors bringing in around £7 billion (S$13 billion), according to media reports.The property investment arm of London-based insurer Prudential invested £105.4 million (S$199.5...
Continue Reading • 9 Apr 2013
Philippines builds eco-friendly neighbourhood
By Nikki De Guzman:Nuvali, a new eco-friendly neighbourhood in the Philippines, hopes to become a model for innovative homebuilding development in Asia.Built on a former sugar plantation, the development integrated cutting-edge amenities such as bike-share system and electric buses that transport...
Continue Reading • 9 Apr 2013
Dubai housing market sees stellar growth
By Nikki De Guzman:Dubai’s residential property market saw healthy growth in nearly all sectors in the past six months with low-cost villas posting the sharpest price gain of 20.2 percent, according to a report by property specialist Cluttons.Average prices of mid-range villas also recorded...
Continue Reading • 8 Apr 2013
The rise of branded homes in the Philippines
By Shabnam Muzammil:Branded residential developments are gaining popularity in the Philippines with at least 16 branded residential projects launched since 2008, revealed a survey by real estate firm CBRE, Philippines.The most current developments are strategically located in top resort...
Continue Reading • 8 Apr 2013
NYC considers more tiny apartments
By Nikki De Guzman:New York City could get more micro-apartment buildings as its Department of Housing Preservation and Development (HPD) announced that new requests for proposals on other micro-apartment sites will be issued, reported The Observer.An agency spokesperson added that they are...
Continue Reading • 5 Apr 2013
HK's richest still bank on property
By Romesh Navaratnarajah:Despite Hong Kong’s red hot luxury property market, its ultra-high net worth individuals (UHNWIs) hold US$43 billion (S$53 billion) worth of real estate assets or nine percent of the total net worth of its UHNW population, according to data from Wealth-X.The report...
Continue Reading • 5 Apr 2013
S'poreans more keen on Iskandar property
By Shabnam Muzammil:Interest among Singaporeans for properties in and around Iskandar Malaysia has been on the rise due to the significant presence of developers from the city-state in Southern Johor’s real estate market and “warm ties” between the two countries, according to...
Continue Reading • 5 Apr 2013
New measures to boost South Korea's economy
By Nikki De Guzman:To improve its economy, South Korea recently rolled out new measures allowing first-time home buyers to borrow more at a lower interest rate provided they do so from a government-run fund, reported The New York Times. Buyers are also exempted from paying capital gains tax over...
Continue Reading • 4 Apr 2013