MGallery makes UK debut
MGallery unveiled its first establishment in the UK with the inauguration of St Ermin’s Hotel, led by Kristin Scott Thomas, the collection’s ambassador, on 6 October 2011.Located in St James in central London, St Ermin’s Hotel features 331 rooms designed by architect Dayna Lee,...
Continue Reading • 10 Oct 2011
Thai developers halting projects
Many developers in Thailand are halting their developments on certain properties due to their financial results, according to Property Report.The financial results, which were better than expected, was not the only reason for the delays, as developers are also waiting for the amendment to labour...
Continue Reading • 10 Oct 2011
HK home buyers cautious to commit
Prospective home buyers in Hong Kong are being cautious about the secondary market, in anticipation of housing measures to be announced on Wednesday.According to Midland Realty, only eight transactions were recorded at 10 residential projects over the weekend, reflecting a third consecutive week...
Continue Reading • 10 Oct 2011
Germany gains property buyers' trust
Germany is earning property buyers' trust after making its debut on a list of the top 10 most popular property destinations, according to this month's Top of the Props report from TheMoveChannel.com.The report said Germany has climbed four places in the overseas property portal's rankings to take...
Continue Reading • 7 Oct 2011
China's property cooling measures proving effective
After nearly two years of government efforts to curb the property market, China’s housing prices may likely fall to within home buyers’ reach.Home purchases are falling in many cities and many developers are affected by higher borrowing costs and the credit crunch. Several analysts...
Continue Reading • 7 Oct 2011
New York takes top spot from London for real estate investment
For the first time since 2007, New York has snatched the lead from London as the number one destination for real estate investment, after improved access to financing led to more US deals, according to Cushman & Wakefield Inc.Data compiled by the New York-based broker and Real Capital...
Continue Reading • 6 Oct 2011
Will new policies boost Myanmar's property market?
Although Myanmar remains distinctly off the radar for most property investors, new pro-development economic policies have the potential to take the country’s real estate sector in a new direction, according to the first Yangon market report published by Colliers International...
Continue Reading • 6 Oct 2011
More HK properties sold at discount prices
A growing number of property owners from mainland China are unloading their Hong Kong flats to increase liquidity, even selling their assets at a discount, said a number of property agents. Centaline property agency noted that 20 percent more flats went on sale at projects near the Kowloon...
Continue Reading • 6 Oct 2011
Rough seas ahead for China developers
Approximately half of the estimated 20,000 commercial real estate firms in China may be out of business in the next three to five years, as the central government tightens housing market policies, according to Yifan Hu, Chief Economist and Head of Research at Haitong International Research Ltd....
Continue Reading • 5 Oct 2011
UK country house market still struggling
The UK prime country real estate market has struggled to keep up with London, as average prices have fallen by 1.7 percent in the past year. Liam Bailey, Knight Frank’s Head of Residential Research, noted that more reliance on domestic buyers and the economy are the keys to understanding...
Continue Reading • 5 Oct 2011
Thanachart sponsors Thailand Property Awards
Thanachart Bank has confirmed its title sponsorship at the sixth Thailand Property Awards this year, underlining the event’s status as a recognition of excellence in Thailand’s real estate market. “Partnering with the Thailand Property Awards is one way we can offer customers...
Continue Reading • 3 Oct 2011
The new Muse of Bangkok
MGallery, Accor’s label of upscale hotels, has announced the grand opening of Hotel Muse Bangkok Langsuan, its latest addition to the MGallery Collection of exclusive hotels.Inspired by the era of fin de siècle Europe and King Rama V of Thailand, the hotel is a seamless blend of...
Continue Reading • 30 Sep 2011
Jones Lang to manage The Pelican Krabi
Global property services firm Jones Lang LaSalle (JLL) has entered into an agreement to manage The Pelican Krabi, a new luxury development located in an area which has become Krabi’s new millionaire mile.“As we want to ensure that the property and its owners are well looked after, we...
Continue Reading • 29 Sep 2011
HK property market to have soft landing, says Tsang
Hong Kong Financial Secretary John Tsang Chun-wah expects a “soft landing” for the real estate market, which the government has tried to curb with a series of measures, including higher stamp duties.“Transactions have fallen and prices are starting to trend down slowly,”...
Continue Reading • 28 Sep 2011
Starwood to open exclusive resort near Phuket
Starwood Hotels & Resorts, one of the world’s leading hotel and leisure companies, has announced the upcoming opening of The Naka Island, A Luxury Collection Resort & Spa, in November 2011.Situated in the southernmost province just off the coast of Phuket in Thailand, The Naka...
Continue Reading • 28 Sep 2011
Baha Mar opens HK office, to lift sales in Asia
Baha Mar, a US$3.5 billion resort complex on the Caribbean island of The Bahamas, has opened an Asia Pacific office in Hong Kong with the aim of boosting its sales and marketing operations in the region.“Our expansion into Asia, and particularly into China, is further evidence of our...
Continue Reading • 28 Sep 2011
UK buyers prefer France over Spain for a second home
France has surpassed Spain as the top destination for British property buyers seeking second homes, according to a survey published by HomeAway.co.uk and Savills International.The perception of the country as stable, easy to access and having limited home price declines has boosted its position...
Continue Reading • 27 Sep 2011
Condo market heats up in Pattaya, Thailand
The total number of Pattaya condo units launched in the first half of 2011 has exceeded the number of units released last year, according to a recent report.The increase was attributed to two new projects launched in Q1, with over 1,400 units each. Currently, the two projects — Condotown...
Continue Reading • 27 Sep 2011
Malaysian, Chinese companies sign MoUs on property development
Malaysia’s Iskandar Investment Bhd (IIB) and Beijing-based property developer Zhuoda Real Estate Group signed two Memorandums of Understanding (MoUs) last Friday to establish integrated residential developments in Iskandar Malaysia.The move comes after the signing of an agreement in April...
Continue Reading • 26 Sep 2011
High property prices in Hong Kong spoil buying spree
Hong Kong residents’ desire to purchase properties has decreased dramatically in the light of skyrocketing home prices, according to an annual survey by the University of Hong Kong.The survey noted that approximately 1.63 million people in Hong Kong intend to purchase property, down 337,000...
Continue Reading • 23 Sep 2011