Cruise terminal in Shanghai wins top property award
The Shanghai International Cruise Terminal (SICT), a mixed-use development designed by international architectural firm Sparch, recently won in the Best Mixed-Use Buildings category at the 2011 MIPIM Asia Awards.“The Shanghai International Cruise Terminal is the collaborative result of...
Continue Reading • 22 Sep 2011
Road show boost for Thai property developer
Property developer Ananda Development Public Company Limited recently held a road show in Bangkok aimed at boosting the sales of its new condo projects.The 'IDEO Sukhumvit in Motion' event featured Ananda’s three condominium developments — Ideo Mix Sukhumvit 103, Ideo BluCover...
Continue Reading • 22 Sep 2011
Intercontinental Residence in Bangkok officially launches
Intercontinental Residence, a joint venture (JV) project involving companies with over 10 years of experience in property development, was officially launched yesterday at a gala ceremony in Bangkok.Located on Bangkok’s Soi Sukhumvit 13, the condo project comprises 145 units in an...
Continue Reading • 21 Sep 2011
London house prices perk up in September
Home sellers in London have raised their asking prices this month due to a lack of properties in the market and as investors seeking safer assets bolstered values amid the financial turmoil, according to Rightmove plc.New data shows that asking prices climbed 2.4 percent in September from 3.4...
Continue Reading • 20 Sep 2011
China private equity funds see upside as credit tightens
Although China’s credit tightening on the property sector has provided opportunities for domestic property-based private equity funds such as CURA, it has also created higher capital-raising concerns for the funds.“Developers used to feast on bank loans and the stock and bond markets....
Continue Reading • 20 Sep 2011
China's home prices unchanged in August
China’s housing inflation eased slightly last month, with home prices in major cities remaining unchanged for the second straight month, revealed official data released on 18 September.According to Reuters’ calculations, new home prices climbed 4.1 percent in August from a year ago,...
Continue Reading • 19 Sep 2011
UK sees house prices fall
Home prices in the UK dropped 1.2 percent in August 2011, one percent higher than in the preceding three months, according to the latest Halifax House Price Index.“As we have pointed out before, the current low volume of sales tends to make house prices volatile from month to month. The 1.2...
Continue Reading • 13 Sep 2011
Hong Kong home sales gain momentum
Local property transactions have gained momentum, despite developers launching more flats on the market.Midland Realty said transactions among 10 benchmark residential projects rose from 28 a week ago to 33 over the weekend. “Some developers are planning to introduce more new flats...
Continue Reading • 13 Sep 2011
More S'pore investments now in Iskandar Malaysia, especially in education
In line with the RM75.96 billion committed investment in Iskandar Malaysia in the first half of 2011, two educational partners from Singapore are working with Iskandar Investment to develop projects in EduCity Iskandar Malaysia —Raffles University Iskandar (RUI) and MDIS Campus...
Continue Reading • 9 Sep 2011
China to closely monitor S$756b housing scheme
China will closely monitor a national affordable housing programme estimated to cost four trillion yuan (S$756 billion) over five years, according to a report by Xinhua news service.The report said that the Chinese government will send 10 inspection teams to 20 different provinces across the...
Continue Reading • 8 Sep 2011
HK land sale falls short of market expectations
A land sale in Hong Kong yesterday failed to meet market expectations, signifying a continuing cool-down in the region’s property market.With a total area of 13,393 sq m, a site located on the city’s outskirts was sold for S$483 million (HK$3.12 billion) yesterday, lesser than the...
Continue Reading • 7 Sep 2011
Singapore firms dominate Aussie property investment market
Singaporean firms are dominating the number of foreign property investors in Australia, as the country’s attractive valuations continue to lure investors, according to a recent survey.CB Richard Ellis (CBRE) figures indicated that for H1 2011, Singaporean companies comprised 19 percent of...
Continue Reading • 5 Sep 2011
Hong Kong tops global house price index
Property prices in Hong Kong climbed 26.5 percent in the last 12 months, recording the largest increase during the period, according to Knight Frank’s Global House Price Index. Based on Q2’s year-on-year price change, the latest price index also showed that Singapore was the ninth...
Continue Reading • 2 Sep 2011
Yanlord Land sells 155 units of Sunland Gardens on first day of launch
Singapore-listed Yanlord Land Group, a property developer focused on developing high-end integrated commercial and residential property projects in China, has announced that it has sold 155 (around 60.32 percent) of the 257 units at Yanlord Sunland Gardens in Shanghai.Launched at an average price...
Continue Reading • 1 Sep 2011
Ascott adds two more properties in China
The Ascott Ltd, a wholly-owned serviced residence unit of CapitaLand, will manage two more properties in Beijing and Chengdu, further strengthening its position as the largest international serviced residence owner-operator in China.“We are pleased to secure two more management contracts...
Continue Reading • 31 Aug 2011
ibis Bengaluru becomes the 100th Ibis in region
Accor’s international hotel brand ibis has launched its first hotel in Bengaluru — the ibis Bengaluru Techpark. Set to open in September, the new hotel will become the fourth ibis to open in India and the 100th ibis in the Asia Pacific region.Known for its quality, simplicity and...
Continue Reading • 26 Aug 2011
Far East to hold open house for euHabitat in China
Singapore property developer Far East Organization (FEO) will hold an open house on 27 and 28 August 2011 in China to introduce euHabitat to Chinese buyers.The open house will be held in Beijing, Shanghai, Shenzhen and Hangzhou. In addition, an exhibition will also be held in Xiamen this weekend,...
Continue Reading • 24 Aug 2011
30 Chinese cities to implement measures to halt rising property prices
More than 30 second- and third-tier cities in China are expected to implement home purchase restrictions by end-August, according to a report by the China Securities Journal.“Reports on home prices in (second- and third-tier) cities have been submitted to the ministry of housing and...
Continue Reading • 24 Aug 2011
UK luxury housing market remains resilient: Savills
The luxury property market in the UK remains largely unaffected by the global economic crisis, according to British property broker Savills.It noted that residential property in prime London is a safe haven for investors despite the ongoing crisis, which has created a two-tier British...
Continue Reading • 22 Aug 2011
Australia a top pick among inter-regional investors
Jones Lang LaSalle’s (JLL) latest Asia Pacific capital markets bulletin revealed Australia as the top choice for inter-regional investors.Named one of two AAA-rated countries in the Asia Pacific, Australia has been supported by good fundamentals of a transparent property market and economic...
Continue Reading • 22 Aug 2011