The strong Sing dollar and rising property prices in Singapore have prompted Singaporeans to consider investing in properties overseas. More than 6,000 visitors turned up at an exhibition on overseas properties on Saturday, the first day of the two-day event. More than 150 properties worldwide are being put up for sale at the exhibition at Marina Bay Sands. Among the properties is The Elements@Ampang in...
Overseas Property
Mainboard-listed Mapletree Logistics Trust said on Tuesday it was buying a warehouse facility in Japan for some S$16.2 million. It signed a sale and purchase agreement to acquire Toki Logistics Centre from Hamakyorex, a third-party logistics company in Japan. Under the deal, Hamakyorex will enter into a 10-year lease agreement with Mapletree Logistics. The property is a two-storey warehouse facility...
Keppel Land has acquired two prime residential sites in China for a total of S$376 million. The two sites are in Chengdu, Sichuan province, and were acquired through its wholly-owned subsidiary Keppel Land China. The first acquisition is a 5.1 hectare area located near Dongdajie, which is Chengdu's financial district. The other is for two separate sites with a combined land area of 25 hectares. This is...
The number of used home sales in some of Hong Kong's biggest private housing estates jumped 90 per cent at the weekend compared to the previous weekend, underscoring optimism that government measures may only have limited impact on home prices. There were 116 deals recorded over Saturday and Sunday at various projects, including Tai Koo Shing in the Island East district and Mei Foo Sun Chuen in Kowloon,...
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...
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...
Hong Kong's leader on Wednesday outlined new steps to cool the world's hottest property market, including a halt to automatic residency for rich buyers, in the face of simmering public anger. The residency measure will particularly hit wealthy investors from mainland China, whose buying spree in high-end apartments has done much to stoke fears of a new bubble in the Hong Kong economy. Chief Executive...
Alpha Investment Partners (AIP), the wholly-owned real-estate fund management arm of Keppel Land, has made a structured investment of US$210 million ($274.9 million) in Seoul Square, Korea, under its US$1.2 billion Macro Trends Fund (AAMTF). Located in the heart of the City Hall area, the 23-storey Seoul Square has a total rentable area of 1,429,509 sf of prime Grade A office space. The building has been...
The Shanghai government has issued new rules to limit home buyers to one new apartment and will impose revised land appreciation tax as part of an effort to rein in property speculation, local media reported on Friday. Every family in Shanghai will be permitted to buy only one more home, regardless of whether it is a second-hand unit or newly built apartment, according to the new regulations. Shanghai...
London properties are increasingly attracting interest from Singaporeans. And one key reason is the prospects of good capital appreciation. The lower British pound and good returns are two main reasons Singapore investors are drawn to London properties. Glentree Estates Agents managing director Trevor Abrahmsohn said: "I think it's an absolutely perfect opportunity because prices are probably 10 per...