Warning sounded over London Olympic property rentals
One London real estate agent has issued a warning to property owners who are expecting to reap the benefits of increased rental returns during this year’s Olympic Games, which run from July 27 until August 12.Lucy Morton, Senior Partner and Head of Lettings at prime central London estate...
Continue Reading • 3 Feb 2012
Luxury homes at The Residences at W Retreat Koh Samui sold out
All beachfront homes at The Residences at W Retreat Koh Samui have been sold out, reflecting the strong interest for units there. “The demand for The Residences at the W Retreat Koh Samui has greatly exceeded expectations with the sale of all the Beachfront Residences,” said Sunny...
Continue Reading • 3 Feb 2012
M'sian developer to preview two residences in Singapore
Property developer OSK Property Holdings Berhad (OSKPH) will preview two of its Malaysian residential developments: the Mirage Residence and Mirage by the Lake (pictured) on 4 and 5 February 2012, between 10am – 6pm at Hilton Hotel Singapore.Located in bustling Cyberjaya, Mirage by the Lake...
Continue Reading • 2 Feb 2012
Property investors move in on Aussie town
Investors from all over the world continue to snap up properties at the mining town of Moranbah in Central Queensland, Australia, with the town setting records for home prices.According to Marie Plahn, a real estate agent, the demand for investment properties has grown dramatically to...
Continue Reading • 1 Feb 2012
Legoland Malaysia eyeing visitors from Singapore
With Lego-built attractions like a Merlion spouting water, a spinning Singapore Flyer and the Fullerton Hotel, Asia's first Legoland theme park is undeniably targeting Singaporean visitors when it opens later this year.The theme park, which is valued at RM720 million (S$296 million), is...
Continue Reading • 1 Feb 2012
Rents at Baltimore Wharf to rise 5%
The Baltimore Wharf team predicts a five percent rise in rents as it opens a new, top-specification, private gym that is expected to pull up sales interest in the fast-selling waterside development, said Knight Frank.Located in the Canary Wharf business district, the area is expected to evolve...
Continue Reading • 31 Jan 2012
S'poreans are top buyers in Oxford
Prime property in the English city of Oxford has been attracting increasing interest from international buyers to the extent where now four in ten buyers are from outside the United Kingdom – and Singaporean buyers are leading the way.Property consultancy Knight Frank's Oxford office has...
Continue Reading • 31 Jan 2012
China home prices must fall further, says lawmaker
China’s residential property prices need a 30 percent decline to achieve a ‘reasonable’ level, according to He Keng, a deputy director of the Financial and Economic Affairs Committee of the National People's Congress.Property prices will be at a ‘reasonable’ level...
Continue Reading • 30 Jan 2012
Keppel Land taking long term view of Vietnam
Property developer Keppel Land sailed through the harsh blow that hit Vietnam’s real estate market in 2011. The firm, though not completely unaffected, has fared better than most companies in the country. Confident that the resilient market can recover soon, Linson Lim, President of Keppel...
Continue Reading • 26 Jan 2012
Chilly New Year for HK property market
The Lunar New Year’s five-day long weekend witnessed very few property deals in both the primary and secondary markets in Hong Kong.There were no new transactions at The Coronation in West Kowloon, where sales have been high and only one unit was reserved in Chatham Gate in Hung Hom. Just...
Continue Reading • 26 Jan 2012
Bangkok luxury condo prices on the rise
Prices of luxury condominiums in central Bangkok rose by 11.5 percent during 2011, according to the country’s Agency for Real Estate Affairs (AREA).A survey last month noted average prices now stand at THB 145,000 per sq m (S$5,804 per sq m) at developments in the Ploenchit, Chidlom,...
Continue Reading • 26 Jan 2012
Risks on China's property sector may be overlooked
Year-end statistics released last week relieved the fears of a hard landing by most China-watchers, although some still anticipate a biting Year of the Dragon. Masked by the glowing numbers, the real estate sector is the biggest concern as it goes from bad to worse.Gross domestic product (GDP)...
Continue Reading • 25 Jan 2012
Legoland M'sia eyeing more visitors from S'pore
Legoland Malaysia expects its nearly-completed theme park to draw in a million visitors during the first year of its operation.Siegfried Boerst, General Manager of Legoland Malaysia, revealed that the theme park will officially open in the second quarter of 2012.“We are looking at more than...
Continue Reading • 25 Jan 2012
Henderson Land revises down 2012 targets
Hong Kong developer Henderson Land Development Co Ltd. announced that it is targeting HK$16 billion (S$2.64 billion) in property sales for 2012, as it focuses on selling affordable apartments amid the cooling housing market.That target represents a seven percent drop from the previous year, when...
Continue Reading • 20 Jan 2012
China's home prices fall in December
China’s efforts to curb skyrocketing home prices are now taking effect, as nearly three-quarters of its major cities saw price declines in December from the previous month, according to the central government.Some 52 of 70 Chinese cities tracked by the government, including Beijing and...
Continue Reading • 19 Jan 2012
UK housing prices down yet again
Home sellers in the UK slashed asking prices for a third month in January, according to Rightmove plc, which noted that “the market will remain challenging and fragmented during 2012.”Britain's biggest property website operator said the average asking prices in England and Wales...
Continue Reading • 17 Jan 2012
Beijing home prices fall by 11.3% in 2011
The prices of new homes in Beijing declined 11.3 percent year-on-year in 2011, as the cooling measures imposed by the central government take hold.According to the Beijing Real Estate Association, the average price of new homes in the capital fell to 13,173 yuan (S$2,659) psm in 2011, when 78,000...
Continue Reading • 17 Jan 2012
Frasers expands in Indonesia with new serviced residences
Frasers Hospitality, Fraser and Neave’s (F&N) serviced residence unit, broke ground on 12 January for its second development in Jakarta, Indonesia.Located in the heart of Jakarta’s golden triangle, Frasers Suites Kuningan at Ciptutra World 2 will comprise 210 ultra-deluxe...
Continue Reading • 16 Jan 2012
Ascott to manage new Citadines in Surabaya
The Ascott Limited (Ascott), a wholly-owned serviced residence business unit of CapitaLand, has secured a new management contract for its first Citadines Apart’hotel in Surabaya, Indonesia.Scheduled to open in 2014, the 288-unit Citadines Marvell Surabaya is located in the business district...
Continue Reading • 12 Jan 2012
CapitaLand in agreement to develop Chongqing site
A consortium comprising CapitaLand, CapitaMalls Asia and Singbridge Holdings (SBH) has signed a cooperation agreement with the Chongqing government for the development of its biggest mixed-use project, in terms of land size and investment quantum.Under the agreement, the consortium will develop a...
Continue Reading • 11 Jan 2012