Category Archives: Overseas Property

Fewer than 60 China buyers want to withdraw from Forest City: Country Garden

Despite the temporary closure of China showrooms promoting the massive Forest City project planned in Malaysia last month, fewer than 60 buyers in China have asked about cancelling their bookings, Chinese developer Country Garden Holdings (CGH) said on Thursday (Apr … Continue reading

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Hot US real estate a potential red flag: Fed’s Rosengren

The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday, urging regulators globally to consider tools beyond interest rates that could help cool the sector. A sharp downturn in … Continue reading

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Retail investors more cautious about overseas property deals

Two recent charges against local real estate firms promoting overseas residential investments have put the spotlight back on such risky purchases. A financial penalty was imposed on property agency Square Yards last month after it failed to to provide a … Continue reading

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Most foreign firms owning London property are registered in tax havens: report

The vast majority of overseas companies that own property in London, including many used by individuals to help disguise their ownership, are registered in tax havens, according to a report by Transparency International UK and Thomson Reuters. Just over 90 … Continue reading

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Foreign buyers of Hong Kong homes help drive price rebound

A surge in purchases of Hong Kong homes by non-residents offers one explanation for what’s driven an 11 per cent rebound in property prices from a March bottom. In September, 250 homes were sold to non-resident foreigners, the most in … Continue reading

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London launches inquiry into foreign property ownership

London’s mayor Sadiq Khan will launch an inquiry into foreign ownership of property in the British capital which has helped push up housing costs, the Guardian newspaper cited him as saying on Thursday (Sep 29). “It’s clear we need to … Continue reading

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London to launch inquiry into foreign property ownership: report

London’s mayor Sadiq Khan will launch an inquiry into foreign ownership of property in the British capital which has helped push up housing costs, the Guardian newspaper cited him as saying on Thursday. “It’s clear we need to better understand … Continue reading

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New York nabs global property crown from London on Brexit fears

New York has knocked off London as the world’s premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital’s appeal as a global financial center. Data … Continue reading

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UOB suspends London property loans after Brexit

United Overseas Bank (UOB), Singapore’s third-largest lender, has suspended its loans programme for London properties in the wake of uncertainties caused by Britain’s vote to leave the European Union. UOB would be among the first banks in Singapore to turn … Continue reading

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Straits Real Estate makes maiden entry into Japan residential market

THE Straits Trading Company’s subsidiary, Straits Real Estate, has entered into a conditional purchase and sale agreement with Osaka-based developer Chinju Co to acquire three residential buildings located in Central Osaka for 6.2 billion yen (S$76.8 million). Completion of the … Continue reading

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