London rental rates are cooling: Savills
Falling corporate budgets and reduced international demand are cooling the top end of the prime central London property rentals market, while increased domestic demand is boosting values in southwest London, according to new data from Savills. Prime central London has shown the strongest...
Continue Reading • 20 Mar 2012
S$206.52m Little Japan township planned in Malaysia
Japanese investors plan to construct Malaysia’s first “Little Japan” township (pictured) in Taman Molek, Johor Baru for high net-worth Japanese keen on making the country their second home.Global Asia Assets (M) Sdn Bhd (GAAM), an asset-building consulting company for the...
Continue Reading • 19 Mar 2012
China's home prices at lowest level since 2011
Home prices in China recorded their worst performance in a year, with nearly half the cities tracked by the National Statistics Bureau witnessing a drop in prices from 2011, as the government maintained curbs on the property sector.The National Statistics Bureau revealed that prices of new homes...
Continue Reading • 19 Mar 2012
No relief for China's property sector
No relief is in sight for China’s slumping property market as Premier Wen Jiabao (pictured) said that the central government remains committed to continuing its cooling measures, according to The Business Times.“I can clearly tell everyone now, the housing prices are still far, far...
Continue Reading • 15 Mar 2012
London, New York and Kuala Lumpur are top three property hotspots
Property investment firm IP Global has named London (pictured), New York and Kuala Lumpur as the top three property investment hubs in the world.London’s bullish property market has been boosted by international investors with a five percent growth forecast for 2012 while New York, with...
Continue Reading • 15 Mar 2012
Foreign home ownership in Indonesia now a possibility
Foreigners may be allowed to own property (limited to condominiums) in Indonesia, if the government green-lights a new regulation to be implemented in May this year.Indonesian land ownership laws have long prevented its property market from being open to foreigners. Currently, a foreigner may...
Continue Reading • 14 Mar 2012
Frasers Suites Chengdu opens
Frasers Hospitality has expanded its presence in China with the opening of the 360-unit Frasers Suites Chengdu (pictured).This will be followed by the opening of another five properties by the end of this year.“Our strategy will be to continue to strengthen our presence across China to meet...
Continue Reading • 14 Mar 2012
Foreigners 'own 30% of Thai land'
Thailand’s Auditor-General Siracha Charoenpanij revealed yesterday that 30 percent of land in the kingdom (pictured) is owned by foreigners.Speaking at a seminar on disguised legal transactions and foreigners’ land ownership in Thailand held by the Senate committee on economic,...
Continue Reading • 13 Mar 2012
China's property stocks fall as sales decline
Following the commitment by the central government to maintain its property cooling measures, share values of property developers in China fell as weak sales were recorded in the first two months of the year.According to a recent report by the National Statistics Bureau of China, homes sales in...
Continue Reading • 13 Mar 2012
Exam, license fees for HK agents unchanged
Examination and license fees for real estate agents and agencies in Hong Kong (pictured) will remain unchanged this year, said the Estate Agents Authority (EAA).“The EAA is aware of the challenges the trade is facing at present. However, while it is inevitable that there are ups and downs...
Continue Reading • 13 Mar 2012
London still top property investment pick
Prime London property remains a hot investment pick, outperforming many international markets, as property values climbed about 45 percent since the end of 2008, said James Macleod, founding partner of JMChase Property Advice and Acquisition.Macleod told PropertyGuru that some clients have seen...
Continue Reading • 9 Mar 2012
Boom time for London rentals
With the Olympics still more than four months away, booking enquiries for London rental properties during July and August have increased by a massive 695 percent compared to the same period last year. As the date of the Games loom large, UK holiday rentals website HomeAway.co.uk is expecting that...
Continue Reading • 9 Mar 2012
Property outlook still gloomy as Shanghai tightens measures
Shanghai will not loosen its grip on home buying restrictions, revealed party Chief Yu Zhengsheng.According to a report by the Shanghai Securities Times, local authorities in the financial centre have, in fact, tightened property cooling measures by restricting unmarried adults from purchasing a...
Continue Reading • 8 Mar 2012
Ballymore to launch Embassy Gardens in April
Ballymore Group will launch its prestigious new Central London development, the Embassy Gardens, at the St. Regis Hotel Singapore this coming 27 to 29 April.The residential project is located on the banks of the Thames and near London’s cultural Southbank and premium residential...
Continue Reading • 8 Mar 2012
China to continue housing measures
China’s central government will continue to implement property cooling measures in order to bring down home prices to reasonable levels, according to Premier Wen Jiabao.“We will strictly implement and gradually improve policies and measures for discouraging speculative or...
Continue Reading • 8 Mar 2012
Candy gets sweet deal at The Plaza hotel
Christian Candy, the co-owner of Candy & Candy, which helped develop London’s One Hyde Park complex, has acquired a penthouse apartment at Manhattan’s The Plaza hotel (pictured) at a 31 percent discount.According to a statement released by Candy & Candy, the 6,500 sq ft...
Continue Reading • 8 Mar 2012
London luxury home price rises slow
Prices of luxury homes in central London rose at their slowest pace in five months during February, as more homeowners put their properties on the market to benefit from 16 months of price gains, according to a report by London-based brokerage firm Knight Frank.It showed that values of homes and...
Continue Reading • 6 Mar 2012
Strong demand for Sydney's Macquarie Central
After seeing more than 210 of its 244 apartments in stage one sold, Macquarie Central (pictured) by The Toga Group & La Salle Investment Management is now considered the newest property hotspot in Sydney.The development is located near the Macquarie University campus and a new underground...
Continue Reading • 5 Mar 2012
Thai firm to unveil anti-protester condo
Magnolia Finest Corporation, the property arm of Thai-Chinese business family Chearavanont, is gearing up to kick off an initial THB5 billion (S$205 million) sales drive in May for Ratchadamri Boulevard, a new high-end condo development specifically designed to prevent easy entry for...
Continue Reading • 2 Mar 2012
Kuala Lumpur draws in property investors
Malaysia’s well-regulated market is drawing interest from Asia Pacific investors keen on expanding their portfolios by acquiring well-priced, mid-range properties in the country, according to property investment company IP Global.Kuala Lumpur (pictured) was the top destination, driven by...
Continue Reading • 2 Mar 2012