China keen to expand property tax project
The ongoing property tax pilot project in Chongqing and Shanghai will eventually expand to other cities, according to a finance ministry official in China. Although the government has decided on the overall direction of the property tax roll-out, Jia Kang, Director of the Ministry of Finance's...
Continue Reading • 8 Dec 2011
The Estates, Samui promoting phase two
Minor International has commenced sales promotions for the second phase of The Estates, Samui.With growing interest coming from Thailand and other Southeast Asian nations, the developer now plans to focus its marketing efforts on the luxury project. “The Residences at St. Regis...
Continue Reading • 7 Dec 2011
Overseas investors can benefit from Malaysia's robust market
Malaysia’s growing population has led to an increased demand for new homes, which has in turn pushed property prices upwards, said Steve Melhuish, CEO of PropertyGuru Group, who spoke at the recently concluded Malaysia Property Showcase (MPS) 2011 in Singapore. “However, (the)...
Continue Reading • 7 Dec 2011
Thailand Property Awards winners revealed
Thailand’s leading property developers, projects and agents were rewarded at the sixth annual Thanachart Bank Thailand Property Awards which took place in Bangkok last night.More than 600 attendees attended the gala dinner and ceremony where winners in 31 categories were...
Continue Reading • 7 Dec 2011
Ipoh: A premier investment destination for foreigners
Despite being one of the major cities in Malaysia, Ipoh has been overlooked for almost 20 years, in terms of property investment and development.However, Peter Chan, Co-Principal of The Haven Sdn Bhd, said Ipoh’s property market has been growing in confidence, especially in 2011, with many...
Continue Reading • 6 Dec 2011
London luxury prices set to rise
Prices of ultra-prime London property will rise as much as 10 percent next year according to billionaire property developer Nick Candy, with increasing demand coming from wealthy Asian buyers.Nick, together with his brother Christian, are the brains behind One Hyde Park, a £1 billion luxury...
Continue Reading • 2 Dec 2011
St. Regis unveils resort in South China
St. Regis Hotels and Resorts has debuted its first St. Regis resort in South China, with the opening of The St. Regis Sanya Yalong Bay Resort. A premiere destination in Yalong bay, the resort will set a new standard of contemporary sophistication, luxury and unique services for guests to Hainan....
Continue Reading • 1 Dec 2011
China property prices decline further
China’s real estate market is starting to cool, with property sales falling 24 percent month-on-month in October and 14 percent over the same period last year.Property developers struggling for funds suspended further land acquisitions and construction, which sent shock waves through the...
Continue Reading • 29 Nov 2011
Keppel Land breaks ground on Phase 2 of Saigon Centre
Keppel Land, with its joint venture (JV) partners, Saigon Real Estate Corporation (RESCO) and Southern Waterborne and Transportation Corporation (SOWATCO), kicked off the highly-anticipated Phase Two of Saigon Centre with a ground-breaking ceremony held on-site at Ho Chi Minh City (HCMC). His...
Continue Reading • 25 Nov 2011
China may ease property curbs in 2012
China will likely ease some property market curbs in 2012, following predictions that slumping prices could affect economic growth, according to a Renmin University report. China introduced various measures to reduce property prices last year, including a hike in the minimum down payment for...
Continue Reading • 23 Nov 2011
Chinese developers avoiding land auctions
In recent months, there have been fewer takers for land sites on offer in some major Chinese cities. Of 11 land parcels in Jinan, Shandong province, nine have failed to draw even the minimum asking prices at auctions, while two plots went to single bidders at bottom prices.The sites had been...
Continue Reading • 15 Nov 2011
Medini Iskandar continues to lure investors
After securing investments from Beijing-based property developer Zhouda Group, Iskandar Investment Bhd (IIB) has managed to attract another firm to be part of the on-going development of Medini.Medini Land Sdn Bhd, a wholly-owned subsidiary of IIB, has signed a joint venture (JV) agreement with...
Continue Reading • 14 Nov 2011
B-Lay Tong Phuket officially opens
MGallery, which includes a collection of upscale hotels by Accor, has unveiled the B-Lay Tong Phuket.Located at Patong Beach in Thailand, B-Lay Tong Phuket comprises 123 rooms and suites with a wide category of room types.The Deluxe rooms feature either direct lap pool access or a spacious...
Continue Reading • 10 Nov 2011
China property sales slowed last month
Property sales in China dropped for the first time in six months in October, indicating that property cooling measures have begun to take effect despite the robust real estate investment levels.According to calculations by Reuters, property sales dropped 9.1 percent in relation to floor space and...
Continue Reading • 10 Nov 2011
China's home prices could fall 30%: Barclays
Home prices in China are expected to decline by as much as 30 percent in 2012, primarily attributed to government measures, according to Barclays Capital Research.The Barclay’s report noted that the correction in the property market will affect the country’s economic growth but will...
Continue Reading • 9 Nov 2011
Guangzhou cancels sales of land plots
Guangzhou city in China has called off the auction of some land plots for the second time in two weeks.The Guangzhou Municipal Land Resources and Housing Administrative Bureau stated that the local authorities cancelled the auction for 12 of the 18 land plots without offering any explanation for...
Continue Reading • 4 Nov 2011
The Residences at W Retreat Koh Samui set for HK launch
Hong Kongers and other Asian jetsetters are the target market for The Residences at W Retreat in Koh Samui, Thailand.Hailed as one of the 20 Top Resort Properties in Asia, The Residences at W Retreat Koh Samui will be launched in Hong Kong from 4 to 7 November 2011.“We are thrilled to have...
Continue Reading • 3 Nov 2011
Hong Kong home sales still in decline
Home sales in Hong Kong dropped for the 10th consecutive month in October, falling 50 percent year-on-year as buyers delay purchases.Transactions in October fell to HK$22.5 billion (S$3.7 billion), while sales of residential units declined 2.2 percent from September, according to the city’s...
Continue Reading • 3 Nov 2011
Naka Island resort opens in Thailand
Starwood Hotels & Resorts has announced the grand opening of The Naka Island, an exclusive all-villa island getaway located just minutes from Phuket.“The Naka Island is an enchanting escape from the everyday offering privacy, romance and a host of unforgettable experiences amidst an...
Continue Reading • 2 Nov 2011
Accor unveils its first budget hotel in Japan
Accor, an international hotel operator, has unveiled its first ibis economy hotel in Japan — ibis Tokyo Shinjuku.“ibis Tokyo Shinjuku will bring in a fresh sensation to the economy hotel industry in the country’s capital. As Accor’s leading economy hotel brand, ibis has...
Continue Reading • 2 Nov 2011