CapitaLand's wholly-owned subsidiary, The Ascott, is releasing limited units of the Marc Service Residence in Kuala Lumpur, Malaysia for sale. Property consultant DTZ said these units will be sold with tenancy agreements which give the buyer a 6 per cent annual rental return till the end of December 2013. DTZ added that further extension of the rental return scheme shall be subject to mutual consent. It...
General
Singapore's property market-cooling measures appear to have succeeded in tempering demand. Urban Redevelopment Authority (URA) data on Friday showed that 911 private homes were sold in September, a 27% on-month drop from the 1,248 units sold in August. The 911 units sold were also the second lowest monthly sales this year, behind June's figure of 847 units. The drop follows Singapore government's latest...
Allgreen Properties had sold about 65 apartments in its 118-unit Suites at Orchard project at Handy Road as of 630 pm yesterday. The average price for the 99-year leasehold project, a stone's throw from The Cathay and Dhoby Ghaut MRT stations, is in the $2,000-$2,200 per square foot range. Price range about $1.18 million for a one-bedder to about $3 million for a three-bedroom duplex unit of 1,550 sq...
With Beijing acting to cool red-hot domestic market, sellers here could benefit from influx of Chinese buyers Within days of Beijing announcing new measures to cool the overheated property market, thousands of people have been flocking to housing shows in big and small cities across China. Strong enthusiasm was seen in the property shows in Shenzhen, Shanghai and Nanning, though sales were lower compared...
The good response to the recent launch of Esparina Residences has triggered interest and aroused curiosity over executive condominiums (EC). A large turnout was seen on the first day of the launch, when 344 out of 573 available units were sold. More EC launches are expected in the coming months. What are ECs and how do they compare with private condominiums? More importantly, do ECs make good property...
Demand for executive condominiums (ECs) is expected to be sustained - at least for next year, with property watchers saying there is still interest from a sizeable group of sandwiched-class buyers who are priced out of private apartments. The Esparina (picture), in Sengkang, is seeing strong response, with 370 units, or more than 60 per cent, of its 573 units sold since it was launched last Friday. The...
About US$280 billion ($362 billion) of capital will be available to invest in global commercial real estate next year, with the United States market drawing the most buying interest as it bottoms out, according to property consultant DTZ DTZ said the estimated available capital for 2011 would be 22 per cent up on a forecast it made in December, with US$97.4 billion (up 54 per cent) for the US; US$111.8...
Mumbai property boasts three helipads, a 50-seater cinema and 600 staff Mr Mukesh Ambani, India's richest man and the world's fourth richest, is having a few friends round to celebrate moving into his new Mumbai pad. But as the home has 27 storeys, soars to 173m and is worth an estimated £630 million ($1.3 billion), it will be a housewarming like no other. Experts say there is no other private property...
Infrastructure specialist JTC Corp will launch a tender today to appoint a real estate consultant for the second stage of its divestment exercise. JTC wants to divest 20 blocks of flatted factories with a total area of more than 300,000 sq m. These high-rise ready-built properties, located in various parts of Singapore, already have a mature private sector market, it said. JTC said one of the objectives...
Local interest rates plunged to all-time lows following the appreciation of the Singapore dollar against the US unit. This gave home buyers reason to cheer. The key three-month Sibor or interbank rate fell 0.7 per cent to a record low of 0.49667 per cent as more money flow is expected here in anticipation of currency gains. This is after an unexpectedly hawkish monetary policy statement from the Monetary...