Cooling measures looming for China's smaller cities
China’s second- and third-tier cities are set to face their first set of property cooling measures, according to a report by Shanghai Securities News.The report revealed that the Ministry of Housing and Urban-Rural Development has laid out five standards that will be used to implement the...
Continue Reading • 18 Aug 2011
Phuket property boom fuelled by Russians and Asia-based expats
Growing interest from Russian expats and expats working in Singapore and Hong Kong has boosted property sales in Phuket, according to the Bangkok Post.Meanwhile, property buyers from traditional markets such as the UK are still picking up the slack due to the impact of the global financial...
Continue Reading • 18 Aug 2011
Analysts predict home price dip in Hong Kong
CB Richard Ellis (CBRE) has warned that Hong Kong property prices could fall by up to 20 percent if the global economic outlook remains gloomy.“We expect to see a correction of five to 10 percent in residential prices over the next 6-12 months. If sentiment continues to weaken, a correction...
Continue Reading • 17 Aug 2011
Hong Kong cooling measures show mixed results
Implemented in June 2011, the Hong Kong government launched additional cooling measures to curb rising property prices.The most recent cooling measures enables buyers of units costing over HK$7 million but under HK$10 million to apply for a maximum loan-to-value (LTV) ratio of 60 percent, subject...
Continue Reading • 15 Aug 2011
China's property market accelerated in July despite curbs
China’s yearly real estate investment and sales growth accelerated in July, as revealed in official data, even as the government increased efforts to regulate the sector.The optimistic growth in one of China’s key sectors provides a boost to its sluggish economy at a crossroads where...
Continue Reading • 11 Aug 2011
UK house prices creep up 0.5% in July
Residential property prices in the UK rose 0.5 percent in the second quarter from the preceding three month period, according to latest figures published by Halifax.“This was the first increase in this key measure of underlying price movements for 14 months. Prices rose for the third...
Continue Reading • 10 Aug 2011
Economic jitters hurting HK property market
The worsening US and European debt crisis is affecting the property market outlook.Homeowners in Taikoo Shing, a benchmark project in Hong Kong, were unable to draw buyers, even after reducing their asking prices by up to 20 percent.Gary Wong, District Agent at Ricacorp said, “It is...
Continue Reading • 8 Aug 2011
Bangkok property market bullish despite bubble threat
The property boom in Bangkok continues, despite some experts’ fears of a property bubble, with the development of a new 77-storey tower that could grab the title of Bangkok’s tallest tower. Scheduled to be completed in 2014, the MahaNakorn’s unique design is expected to stand...
Continue Reading • 5 Aug 2011
Iskandar Malaysia the new frontier, says property expert
As Singapore’s property market hits its peak and with prices of both private and public housing skyrocketing, more property investors are now eyeing overseas property, with Kuala Lumpur as one of their top choices.However, Khalil Adis, a property expert and regular contributor to...
Continue Reading • 4 Aug 2011
181 units sold at Yanlord Riverside Gardens in Tianjin
SGX-listed Yanlord Land Group sold 181 of its 310 apartments at the launch of Yanlord Riverside Gardens in Tianjin, China.The residential project is Yanlord Land’s second international community development in Tianjin, which has brought in 572 million yuan in pre-sales.The real estate...
Continue Reading • 3 Aug 2011
Ascott enters into JV to acquire 90% interest in Somerset Central
The Ascott Limited, a wholly-owned serviced residence business unit of CapitaLand, has entered into a conditional joint venture (JV) agreement with Thuy Duong Investment Joint Stock Company to acquire a 90 percent interest in Somerset Central TD Hai Phong City in Vietnam for S$11.4 million...
Continue Reading • 3 Aug 2011
China home prices continue to rise, but at slower pace
Home prices in China rose at the slowest rate in 11 months in July, following the government’s additional efforts to reduce the risk of a property bubble, according to SouFun Holdings Ltd.Residential prices last month rose 0.2 percent from June, marking the slowest increase since August...
Continue Reading • 2 Aug 2011
HK govt to increase residential land supply
Kai Tak Development Area in Hong Kong will provide residential land in 2013, while the government will continue to offer such land across Hong Kong, said Permanent Secretary for Development (Planning and Lands) Thomas Chow.Chow said that the government is pushing ahead with infrastructure works...
Continue Reading • 29 Jul 2011
Megaprojects, foreign investment to boost Thailand's property market
Thailand’s real estate market is booming, with resort areas and markets in Bangkok expected to experience its biggest growth yet, according to Knight Frank’s research.Frank Khan, Director of Residential Development at Knight Frank, said he is optimistic of the new government’s...
Continue Reading • 26 Jul 2011
HK secondary home sales at seven-week high
Secondary home sales in Hong Kong are experiencing a seven-week high, as more home owners are now reducing their asking prices.Midland Realty said recent transactions among 10 residential projects rose from 16 a week ago to 27, the highest in seven weeks since June, when the government introduced...
Continue Reading • 25 Jul 2011
Thai properties attracting Hong Kong's super rich
Thailand has been attracting wealthy property investors from Hong Kong, as the city-state experiences continuous property price increases.“Bangkok is still a top-two destination for lifestyle in the eyes of investors in Hong Kong. Their interest in luxury Thai property is driven by a lift...
Continue Reading • 21 Jul 2011
Prices of new Shanghai homes on the rise
Prices of new houses climbed in 67 cities in China last month, with Shanghai and Beijing witnessing growth for the first time since the central government implemented measures to cut back growth this year. In China’s capital, new home prices surged 2.2 percent in June from May’s...
Continue Reading • 20 Jul 2011
More Chinese cities to face home purchase curbs
Dandong, Jilin, Nanchang, Qinhuangdao and Shenyang will be on the list of second- and third-tier mainland cities to face home purchase limits.The Ministry of Housing and Urban-Rural Development have been driven to put a limit on home purchases in small- and medium-sized cities as a result of...
Continue Reading • 19 Jul 2011
HK to reintroduce subsidised housing
The Hong Kong government is planning to reintroduce the development of subsidised flats, said Chief Executive Donald Tsang on 15 July.Prices of apartment units in the city-state have climbed 12 percent since the start of the year, according to real estate agency Centaline, mainly attributed to...
Continue Reading • 18 Jul 2011
China extends home purchase restrictions
China’s cabinet has expanded home purchase caps to more cities, reminding local governments to enforce measures to regulate the property market, in its latest move to cut back on property inflation. China has also ordered local governments to increase their efforts in building low-cost...
Continue Reading • 15 Jul 2011