Singapore property investors are now moving across the Causeway in search for new opportunities. This has caused residential property prices in Johor's Iskandar region to climb almost four fold since they were launched some 5 years ago. A bungalow in Horizon Hills which cost about RM1 million (S$400,000) about 4 years ago now costs about RM5 million. Meanwhile, land plots for bungalow developments in...
Overseas Property
Singaporean billionaire investor Peter Lim plans to invest up to three billion ringgit more in Johor's Iskandar region over the next few years. He said he is currently looking at another one or two more projects in the area, but declined to disclose more details. Speaking at the sidelines of a press conference at the World Islamic Economic Forum in Johor Bahru, Mr Lim said his investments would be real...
Despite its name, there is nothing small about the Minor Group, which plans to attract Singaporeans to invest in Thailand's luxury property sector as well as expand its presence in Singapore. With gross revenues of over S$1 billion, Minor is one of Thailand's largest hotels and resorts operators with over 70 properties, and also one of the country's largest fast-food operators, with over 1,200 outlets...
The Urban Redevelopment Authority (URA) has launched the exhibition – Sino-Singapore Tianjin Eco-city: Model for Sustainable Urban Development – to showcase joint efforts between Singapore and China in building a sustainable city. Organised by URA in collaboration with the Sino-Singapore Tianjin Eco-City Investment and Development Co. Ltd (SSTEC), with support from the Eco-City Administrative...
Singapore real estate company CapitaLand has said its growth in China remains on track amid slowing economy and leadership transition in the country. It still expects China to account for 45 per cent of the company's assets in the next three to five years. CapitaLand's outgoing CEO Liew Mun Leong said the company is also in a good position to compete with state-owned enterprises in China. Lim Ming Yan...
Singapore developer Capitaland plans to launch its first value housing project in China in the next few weeks. This will be the company's maiden foray into the middle-income mass housing market and it is expected to be the next driver of growth for the property firm in China. When CapitaLand China released its first high-end homes in Hangzhou for sale last month, some 100 units were snapped up in two...
Hong Kong may take further measures to control runaway property prices but the Asian financial centre is likely to avoid steps such as a capital gains tax which would be complicated, Hong Kong's leader, Leung Chun-ying, said on Thursday. Mr Leung's government imposed a 15 per cent tax on non-resident and corporate buyers of property late last week and speculation has been rife that further curbs will be...
Ascendas Land International Pte Ltd, a Singapore government-linked company, has set up a joint venture with Malaysia's UEM Land Berhad to develop an integrated eco-friendly tech park in Nusajaya. Nusajaya is one of the five flagship zones in Johor's Iskandar Malaysia. The integrated tech park will be located at Gerbang Nusajaya within the Nusajaya regional city. Ascendas and UEM Land will hold 60...
CapitaLand, through its subsidiary CapitaValue Homes Limited, has acquired its second residential site in Pudong, Shanghai for RMB166.29 million (approximately S$33.26 million). The 36,920 sq m land parcel will be developed into some 700 value homes and offer 15,000 sq m of commercial space. Located in the town of Wanxiang in Lingang New City, the site was purchased through a government tender by...
Overseas buyers can now own a piece of luxury at coveted integrated residential and commercial address in lskandar Malaysia Walker Corporation, Australia's leading private property developer, today announced the official launch of The WaterEdge Apartments, the first phase of luxurious apartments within Walker Corporation's acclaimed master-planned Senibong Cove development, the first of its kind in...