All posts in "International"
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Singapore: The World’s Fourth Most Expensive City

By Jax Lee / a couple of years ago

Singapore has maintained its ranking from last year as the world’s fourth most expensive city for expatriates, according to Mercer’s 2016 Cost of Living Survey. Hong Kong topped the list, pushing Angolan capital Luanda to second place. Zurich remained in third place, while Tokyo climbed to fifth. Kinshasa and Shanghai took the sixth and seventh […]

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Some Developers Offer 30% Discount

By Kim Wong / a couple of years ago

To avoid paying hefty extension charges, some property developers are resorting to big discounts and creative marketing schemes to move units at various high-end residential projects, according to UOB Kay Hian and reported Singapore Business Review. Wheelock Properties, for instance, is offering an ABSD assistance package at Ardmore Three, offering buyers discounts of 13 to […]

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Sicilian Town In Italy Is Giving Away Free Homes

By Kim Wong / a couple of years ago

Do you want a house for free? The Sicilian town of Gangi, tucked away in the central part of the country, needs newcomers to replace its vanishing populace. So the local government has decided to offer up vacant homes to businesses that want to spruce up the area with hotels and individuals looking for a […]

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Ex-Property Agent Get Jailed, Fined $100K For Bribery

By Kim Wong / a couple of years ago

The ex-property agent – Goh Chan Chong, 40, was  found guilty on 2 corruption charges after, he offered bribes to a senior manager from United Engineers Development in order to get priority access to a launch of The Rochester in North Buono Vista in 2007. He was sentenced to 12 weeks’ imprisonment and fined a $100k on 31 […]

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Stop Rich Foreigners Investors From Buying Property In London

By Kim Wong / a couple of years ago

London’s new mayor Sadiq Khan plans to introduce restrictions on foreigners looking to buy property in London, in an effort to combat money-laundering, reported the UK’s Evening Standard. Various news reports in recent years have claimed that many overseas buyers, particularly from Russia and China, have been using London’s housing market to launder billions of […]

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Malaysian Starts RM9.25bil Project In Jinan

By Kim Wong / 3 years ago

JINAN (China): Malaysian tycoon Tan Sri Lim Gait Tong has started construction work on a planned 15bil yuan (RM9.25bil) integrated property project in Qihe, a north-west satellite town of Jinan, the capital city of Shandong province. The first phase of this cultural and touristic project, which has been named Asean International Eco-City, was launched in […]

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Aussie Banks Clamp Down On Foreign Property Buyers

By Kim Wong / 3 years ago

Australian banks have introduced more stringent loan application rules for foreign property buyers, including the country’s four largest lenders – NAB, ANZ, Westpac and Commonwealth Bank, reported The Straits Times. Among the tougher rules implemented in recent weeks include reducing the loan-to-value ratio from 80 percent to 70 percent for borrowers who rely on overseas […]

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More New Homes Being Auctioned Off

By Kim Wong / 3 years ago

Data from property consultancy JLL revealed that a higher number of newly built and uncompleted houses have been placed on the auction block so far this year, amidst a sluggish rental market and a supply glut stemming from the market heydays in 2011 to 2013, reported The Straits Times. To date, 13 units of completed […]

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UK Still A Big Draw For Asian Property Investors

By Kim Wong / 3 years ago

UK-based Select Property Group recently opened an office at the CapitaGreen office building in Singapore, to take advantage of the ongoing demand for lucrative investment properties in Britain. “Asia is one of the most important growth markets for Select – more than 18 percent of our investors come from this region,” said Group Managing Director […]

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Berlin Clamps Down On Short-Term Rental Websites

By Kim Wong / 3 years ago

Those who are caught leasing out entire properties in Berlin on Airbnb and other similar websites, instead of single rooms, will face hefty fines, reported The Telegraph. Under the new law called Zweckentfremdungsverbot, which was passed by the authorities in 2014, but only came into effect on Saturday (30 April), violators face a fine of […]

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