Luxury property developer Simon Cheong recently sold a good class bungalow (GCB) that he built along King Albert Park within the Bukit Timah/Clementi Road vicinity, reported The Business Times. The property was sold for $25 million, which works out to $1,493 psf based on the freehold land area of 16,750 sq ft. Completed in late … Read more
SINGAPORE, Jan 13 — The S$3.2 billion(S$1=RM3.05) Tanjong Pagar Centre in which the Employees Provident Fund (EPF) holds a 20% stake, is on schedule for completion by mid-2016. GuocoLand (Singapore) Pte Ltd’s Managing Director Cheng Hsing Yao said a wide range of tenants would be moving in progressively. “For the office space, the tenants coming … Read more
Several property firms are predicting that Thailand’s real estate market will see growth of around five to ten percent in 2016, with Greater Bangkok expected to lead the charge, reported The Nation. The government’s investment in infrastructure projects across the country is just one reason for the positive outlook this year. “When the government starts … Read more
The overall 2015 price fall of 3.7 percent is the lowest decline for private home prices for more than two years, revealed PropNex Realty citing latest flash estimates of the Urban Redevelopment Authority (URA) price index. However, this still reflects the current languid market sentiment and the sustained impact of the cooling measures, noted the … Read more
SINGAPORE: The property market is poised for further slides this year, with weak economic growth and rising interest rates likely to drag prices south. National Development (MND) Minister Lawrence Wong said recently it was too early to talk about unwinding cooling measures and suggested these steps would dampen demand. As at the third quarter of … Read more
Further economic woes in China could help London’s prime property market overcome its Stamp Duty slowdown The Stamp Duty may not saddle London’s luxury market for much longer. CityWire parses the latest research from Savills showing that prime property prices have had a rough year in England’s capital, with homes valued at £5 million … Read more
UK is facing a growing shortage of elderly care homes creating significant opportunity for investment and development. Knight Frank’s latest UK Healthcare Report states, the UK’s population of over 65’s is forecast to grow by 10% over the next five years; however the number of new care home registrations is significantly decreasing. Research shows there … Read more
Indonesia’s government is struggling to tackle the country’s housing backlog of 13.5 million units as it has only been able to supply 50 to 62.5 percent of the total annual demand, reported the Jakarta Globe. After President Joko Widodo was elected in October 2014, he promised to build one million homes to address the yearly … Read more
Loan growth in Singapore is expected to fall to five percent for the whole of 2015, but this could decline further next year, reported Channel NewsAsia citing experts. “Between 2013 and 2015, while domestic growth has slowed down, overseas growth was able to compensate for slowness in domestic growth. But now, with China-led regional slowdown, even … Read more
Analysts expect Singapore’s private housing market to face tougher times next year, with the lacklustre economic environment dampening sentiment further, reported TODAYonline. The US Federal Reserve’s decision to raise interest rates and the existing property curbs could see prices drop by up to eight percent in the next 12 months. JLL’s National Director for Research and … Read more
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