Notting Hill London, the private development division of Notting Hill Housing Group, one of London’s most experienced and successful housing associations, is today launching Folio, a new development located on Micawber Street in London’s vibrant City fringes, adjacent to the burgeoning government supported ‘Silicon Roundabout’ area, which is attracting technology and creative firms. Located...
Overseas Property
China has sufficient land supply for residential projects and there are no signs of the market overheating, the Shanghai Securities News reported yesterday, citing an unnamed official from the Ministry of Land and Resources. While the pace of land transactions has picked up in the last two months, the base prices and premiums have been in line with general trends, said the official. In last month and...
China plans to stick to its tight property sector policies and a nationwide rebound in home prices remains unlikely, a senior official at the housing ministry said in remarks published by the state media yesterday. The comments underscore Beijing's determination to keep a lid on rising home prices - a source of social discontent - especially in the run-up to a once-a-decade leadership transition this...
The Hong Kong Monetary Authority (HKMA) said yesterday it has ordered banks to toughen lending requirements for borrowers with more than one mortgage on residential property, in a bid to prevent the city from being flooded with "hot money" after the United States announced an aggressive new stimulus plan to spur growth. Hong Kong's de facto central bank also said it had restricted the maximum length for...
Singapore's City Developments is confident China's residential property market won't crash. And it's waiting for opportunities for hotels to get cheaper for acquisitions. City Developments is planning to launch its first residential development in Chongqing in southwest China next year, should the property market improve. Its confidence in the market is underpinned by a trust that authorities will act to...
The average home price in China's 100 major cities edged up in July for the second consecutive month, reinforcing signs of a recovery in the property market even as the government seeks to spur broader economic growth, a private sector survey showed on Wednesday. The average price of 8,717 yuan (S$1,700) per square metre in the 100 cities surveyed was 0.33 per cent higher than June, accelerating from...
House prices in Australia's major cities recorded a surprise increase last quarter, the first in more than a year and perhaps an early sign that recent cuts in interest rates are stabilising demand in what has been a very subdued market. Wednesday's figures from the government showed prices for established houses in the major cities rose 0.5 per cent in the second quarter. The first quarter was also...
British house prices fell at their fastest annual pace in nearly three years last month, data from mortgage lender Nationwide showed on Wednesday, as the effects of nine months of recession spread further across the economy. Nationwide reported a 0.7 per cent decline in house prices in July. Prices are now 2.6 per cent lower than a year ago - their biggest annual fall since August 2009. Britain's economy...
The chill winds blasting through financial markets have hit rents for luxury properties in Hong Kong as banks lay off high earners and international companies cut back on expatriate packages, property brokerage Jones Lang LaSalle said on Monday. With luxury homes costing HK$100 million (S$16.2 million) or more, rental yields for high-end homes already yield less than 2 per cent, a return set to dwindle...
Pan Pacific Hotel Group said serviced apartments is a unique growth segment in Myanmar. The Singapore listed group had acquired a hotel in the former capital, Yangon, eleven years ago and branded it as part of its Park Royal hotels chain. And now that Myanmar's economy is opening up, the Group said its investment in the country is paying off. Pan Pacific Hotel Group's CEO, Patrick Imbardelli, said:...