Dominican Republic draws more interest
By Andrew Batt:The Dominican Republic is rising in popularity as a property investment destination, thanks to its year-round sunshine and its fantastic climate. Holiday bookings to the Caribbean island were up by 800 percent according to leading operator Hayes and Jarvis, and that can only add to...
Continue Reading • 17 Apr 2012
Emerald Square, London officially launches in Singapore
Renowned property developer St James Group today launched its newest development — the Emerald Square (pictured) in Roehampton, South West London, at the Shangri-La Hotel Singapore. The Singapore launch, which is on till 15 April, features luxury apartments that offer strong investment...
Continue Reading • 13 Apr 2012
More S'poreans snapping up properties down under
More Singaporean buyers are looking to acquire properties Down Under following the introduction of the additional buyer’s stamp duty (ABSD) and volatile stock market.According to property consultancy Savills, the number of Singaporeans snapping up properties in Australian cities climbed 25...
Continue Reading • 12 Apr 2012
Tsang highly concerned about HK property price bubble
Hong Kong Financial Secretary John Tsang is “highly concerned” about the risk of a property price bubble, as low interest rates in the market continue.However, he said he is ready to interfere if there are signs of overheating in the Hong Kong property market, and urged buyers not to...
Continue Reading • 11 Apr 2012
Malaysia to raise floor prices for foreign home buyers
In an effort to control rapidly increasing home prices, Malaysia is planning to raise the floor prices for residential properties bought by foreigners. As such, Singaporeans who are keen on Malaysian properties may have to think twice.A report by The Star yesterday revealed that existing...
Continue Reading • 11 Apr 2012
New York still an investment hotspot
Aside from panoramic views of bustling New York City, Manhattan’s 515 East 72 (pictured) also offers favourable investment opportunities that promise high yields.The one- to three-bedroom condos provide an ideal abode that includes private balconies or terraces with wide East River and city...
Continue Reading • 9 Apr 2012
Top US locations for foreign buyers
A new report published by U.S. real estate portal Inman News has highlighted the top ten locations in the United States for global property buyers and investors.According to the report, foreign buyers account for a small but growing segment of overall U.S. property sales. Of the US$1.06 trillion...
Continue Reading • 3 Apr 2012
UK: Ample opportunities across all markets
While there has been a notable shift towards stronger markets following the uneven recovery seen across the UK, there are still development opportunities available across all markets, according to a report by Savills Research. The report, which identified some of the most...
Continue Reading • 2 Apr 2012
Jeremy Lin moves into luxury NY pad
NBA’s newest superstar Jeremy Lin has moved into a two-bedroom, two-bathroom apartment at The Residences at W New York – Downtown (pictured), the only hotel in Manhattan, New York that offers private residences for sale.“I love the W Hotel in Taipei, so I liked the idea of...
Continue Reading • 30 Mar 2012
Azuri luxury project set for China showing
Overseas property developers IOREC and Flacq United Estates Limited (FUEL) will showcase their Azuri development (pictured) in Mauritius at the Beijing Overseas Property and Development Show, to be held on 5 to 8 April 2012. According to the developers, it will offer “excellent investment...
Continue Reading • 29 Mar 2012
London property boom benefiting other sectors
The popularity of London as a property investment destination for overseas buyers has seen benefits in other industries. With more than half of London’s most expensive residential property sales being attributed to overseas buyers last year, the shipping of fine art and antiques has become...
Continue Reading • 28 Mar 2012
UK a nation of renters?
More homeowners in the UK are looking to rent their homes in a phenomenon called the ‘generation rent’, according to a report by Savills and UK property portal Rightmove. As of end-2011, the total value of properties in the UK’s private rented sector climbed to £840...
Continue Reading • 27 Mar 2012
S'poreans make up the bulk of E&O's foreign buyers
A rising number of Singaporean and Singapore-based investors are investing in Malaysian developer Eastern & Oriental Berhad’s (E&O) projects in Penang, according to The Business Times.E&O, which set up an office in Singapore two years ago, noted that Singaporeans account for the...
Continue Reading • 27 Mar 2012
Asians look to Liverpool property investments
The city of Liverpool (pictured) in the Northwest of England might be more famous for football and The Beatles, but it has also been attracting the attention of savvy Asian property buyers and investors.The U.K.'s finance minister George Osborne highlighted the increasing amount of Chinese...
Continue Reading • 27 Mar 2012
SE Asia looks to tap increasing UK interest
The United Kingdom’s largest overseas property exhibition – A Place in the Sun Live (pictured) – takes place in London next weekend (March 30 – April 1), and exhibitors from Southeast Asia will be looking to ride the wave of renewed interest from British buyers for...
Continue Reading • 26 Mar 2012
London project to attract Asian buyers
Londonewcastle, a London-based property developer, has announced that planning permission has been granted for the Dollar Bay development (pictured) in Canary Wharf, E14.Jointly developed with UK and European Investment, Dollar Bay development comprises 121 high specification apartments and...
Continue Reading • 22 Mar 2012
Ascott to manage first serviced residence in Xiamen
The Ascott Ltd (Ascott) has clinched a contract to manage its first serviced residence in Xiamen, reinforcing its position as the largest international serviced residence owner-operator in China.Slated to open later this year, the 169-unit Citadines Jinshang Road Xiamen (pictured) is the first...
Continue Reading • 22 Mar 2012
UK stamp duty hike "will not deter foreign buyers”
Buyers of homes above £2 million (S$4.02 million) in the United Kingdom will have to pay a 7 percent Stamp Duty today, up from the previous figure of 5 percent, while those who buy properties through companies will have to pay an extra 15 percent.The U.K’s Finance Minister George...
Continue Reading • 22 Mar 2012
Limited impact from UK property tax clampdown
The proposed closing of a property tax avoidance loophole in today’s United Kingdom budget statement is unlikely to have a serious impact on transactions involving overseas property buyers, according to sources contacted by PropertyGuru.UK Finance Minister George Osborne revealed his plans...
Continue Reading • 21 Mar 2012
UK set to close property tax avoidance loophole
Foreign property buyers who have been using offshore companies to sell homes in London are expected to be targeted in the United Kingdom’s annual Budget statement tomorrow.The UK’s Chancellor of the Exchequer (Finance Minister) George Osborne (pictured), speaking in an interview with...
Continue Reading • 20 Mar 2012