St. Regis Hotel opens in Tianjin, China
St. Regis Hotels & Resorts has announced the opening of The St. Regis Tianjin, an impressive new landmark in Northern China.“We look forward to offering our discerning guests access to the distinguished St. Regis legacy with the highest expression of personalisation, refined elegance...
Continue Reading • 1 Nov 2011
Thai floods to change property sector
The flooding which has swamped large parts of Thailand is likely to have a substantial and long-lasting impact on property purchase decisions, according to one industry expert. Aliwassa Pathnadabutr, Managing Director of CBRE Thailand, told PropertyGuru: “The flooding will result in changes...
Continue Reading • 28 Oct 2011
Shanghai homeowners stage protest on price reductions
A few homeowners in Shanghai protested outside the sales offices of China Overseas Property Group Co over the weekend, following the developer’s move to cut its property prices after units were purchased, according to the Shanghai Daily.With prices of units at a project in Pudong reduced...
Continue Reading • 25 Oct 2011
Housing curbs to continue in China
Despite progress made in containing both housing prices and inflation, China will continue to implement nationwide curbs on the housing market, according to Premier Wen Jiabao.“The government must take effective measures to consolidate the fruits of housing price controls,” he said,...
Continue Reading • 24 Oct 2011
Bangkok buyers demand clarity from government
Bangkok’s condominium market has been severely curtailed as a result of lingering doubts about the government’s incentive policy for first home buyers, according to Colliers International Thailand.In its latest research report, Colliers noted that approximately 3,000 units were...
Continue Reading • 20 Oct 2011
Beijing to build more affordable homes
The city of Beijing plans to construct more affordable homes that can be rented to low-income earners in order to ease property demand and inflation, according to officials.Under new rules announced by the local government, the city will build approximately 60,000 state-subsidised homes that can...
Continue Reading • 20 Oct 2011
Expats drive Bangkok apartment rentals
Demand from Bangkok’s expatriates for apartment rentals in downtown Bangkok remains strong, driven by limited supply and a preference for apartments over condominiums.Property consultant CBRE revealed there are approximately 12,000 apartment units in downtown Bangkok at present, and less...
Continue Reading • 19 Oct 2011
Ascott wins contract to manage serviced residence in Oman
The Ascott Ltd, CapitaLand’s wholly-owned serviced residence unit, has signed a contract with Allied Real Estate LLC, an established property company in Oman, to manage a 220-unit serviced residence in Muscat, the capital of Oman.Called Somerset Panorama Muscat, the serviced residence is...
Continue Reading • 19 Oct 2011
Ocean 13 picks Fractional Exchange
Ocean13: The Residences, a four-year-old resort with one-, two- and three-bedroom villas on the Thai island of Koh Samui, has selected FractionalExchange.com for its vacation exchange requirements. Project Director, Manish Antal, said resort owners considered a variety of exchange options before...
Continue Reading • 19 Oct 2011
Banyan Tree looks to Vietnam
Luxury resort operator Banyan Tree is unveiling its first investment holiday homes in Vietnam.The showcase, which takes place on October 22-23 at the Mandarin Oriental Hong Kong, unveils luxury apartments now being developed as part of Laguna Lãng Cô - Banyan Tree's first 'integrated...
Continue Reading • 19 Oct 2011
Two-hour sell-out success for Sansiri in Phuket
Thai property developer Sansiri sold 556 units within just two hours at last weekend’s pre-sales event for its new dCondo development at Kathu, Phuket.Executive Vice President Suriya Wannabuit told The Phuket News that buyers had started queuing at 7am, and by 10am, all the units had been...
Continue Reading • 19 Oct 2011
The Westin Xi'an launching 1st December
Westin Hotels & Resorts will open The Westin Xi’an on 1 December 2011, marking its first foray into the Shaanxi province of China.“We are delighted to introduce the Westin brand to Xi’an! The location of this hotel in one of the most important cities in Chinese history...
Continue Reading • 18 Oct 2011
Bangkok residential yields remain firm
Despite renewed concerns surrounding the state of the global economy and the Euro Zone debt crisis, residential yields in the Thai capital Bangkok have remained firm. Data published today from CB Richard Ellis' (CBRE) research team along with data from the company’s residential leasing...
Continue Reading • 17 Oct 2011
London's luxury home prices see new high
Sales of luxury homes in London have achieved a new high, as foreign buyers dominate the city’s high-end residential market, according to Savills Plc.The number of homes sold for more than £5 million (S$10 million) grew from 200 to 262 in the January - September period, up 31 percent...
Continue Reading • 17 Oct 2011
78% of homes sold in Phase 4 of La Botanica, Xi'an
Property developer Surbana Land has achieved a new one-day company sales record with 78 percent of the 922 units released in Phase 4 of its La Botanica township project snapped up.Located in Xi’an, China, the four blocks released comprise one 30-storey and three 34-storey apartment blocks....
Continue Reading • 17 Oct 2011
Pattaya and Hua Hin seen as hot property spots
Pattaya and Hua Hin are becoming the hottest destinations for property investors, as developers are now seeing overwhelming demand for their projects there. Sansiri, one of Thailand’s largest property developers, recently launched Baan Saan Kram in Hua Hin, with a market value of THB1.5...
Continue Reading • 17 Oct 2011
Malaysia's MM2H campaign to launch in India
Malaysia Property Incorporated (MPI), a government agency which aims to promote individual and corporate foreign direct investment in Malaysia, is set to launch the Malaysia My Second Home (MM2H) campaign in India, starting tomorrow. “The three-day MM2H campaign in India is the first of...
Continue Reading • 14 Oct 2011
Sansiri to develop condo project in Phuket
Thai property developer Sansiri has revealed plans to launch its first condominium project on the island of Phuket.The THB560 million (S$23 million) dCondo-branded development in Kathu will feature 556 units in three eight-storey buildings. Prices will range from THB999,000 to THB1.4 million...
Continue Reading • 14 Oct 2011
Dubai property remains attractive despite upheavals
Dubai is still a key location for property investment despite the ongoing political crisis in the region.According to the National Commercial Bank (NCB), a top Saudi financial institution, demand in some segments is increasing, but the outlook remains cautious due to the global economic slowdown....
Continue Reading • 14 Oct 2011
St. Regis Shenzhen opening soon
The St. Regis brand will mark its first foray into Shenzhen with the launch of the St. Regis Shenzhen, slated to open in late 2011 atop Kingkey building, the eighth tallest building in the world.“We are looking forward to introducing the St. Regis brand to Shenzhen and southern...
Continue Reading • 13 Oct 2011