Developer Keppel Land has acquired an additional 66 hectares of a waterfront site in Zhongshan in China's Guangdong province. This now completes Keppel Land's acquisition of an 86 hectare site for its first waterfront residential cum marina development in China. Keppel Land had first announced in April 2008 its interest to develop premium waterfront homes in the affluent Pearl River Delta region of...
Overseas Property
IF YOU'RE a private-property owner, have no intention of owning an HDB flat, are sufficiently cash-rich and still interested in purchasing property, you might want to consider the real-estate market overseas. Be it for investment, or as a holiday or retirement home, an overseas property can be highly attractive, especially in markets where properties in general are cheaper than those in Singapore. But...
IN THE last decade, an increasing number of Singaporeans have turned to real estate overseas as they become more affluent and globalised. Here's a look at two neighbouring residential property markets which have traditionally captured Singaporeans' keen interest, according to a July report by realestate group Debenham Tie Leung (DTZ) . KUALA LUMPUR The residential sector continued to experience a...
With stricter property rules and property prices still buoyant, some Singaporeans and Malaysians are looking to invest in property in Johor. "These are Singaporeans with existing homes - they are not affected by recent cooling measures," said Neo Keng Hoe, who heads the Singapore office of Malaysian property developer S P Setia International. "They are looking to invest in the Iskandar Region because of...
05:55 AM Sep 11, 2010 Hong Kong home prices have risen to their highest levels since December 1997, according to Centaline Property Agency, defying government efforts to rein in speculation and prevent an asset bubble. The Centa-City Leading Index rose 1.11 per cent to 84.54 in the week ended Sept 5, from 83.61 a week earlier, according to a press release by one of Hong Kong's biggest property...
Foreign investments and dynamic urbanisation will drive market With new property cooling measures introduced in Singapore and China, experts say real estate investors in these two places may be looking beyond their borders to find good buys. Faced with new limitations on loans and options for affordable properties, property investors in these countries are shifting their sights to other parts of Asia...
Housing as a luxury item or a staple - it may boil down to what numbers you believe Of all the uncertainties in the halting American economic recovery, the housing market may be the most confusing of all. At times, real estate seems to be in the early stages of a severe double dip. Home sales plunged in July and some analysts are now predicting that the market will struggle for years, if not...
Property prices in Hong Kong are expected to stay on an uptrend, according to analysts. They noted that despite government measures to cool the sector, home sales rose to its highest level in almost 3 years last month, and the latest land auction also exceeded estimates. Residential sales in Hong Kong rose by 33 per cent in value last month, underscoring strong demand fuelled by a record low interest...
Commercial property manager Ascendas has announced that its China Commercial Fund has bought a building in Shanghai. Ascendas did not disclose the price it paid, citing a non-disclosure agreement. It only said that, with the acquisition of Cross Tower, the $800 million fund was fully-invested Cross Tower joins two other properties in prime business areas acquired by the fund: Ascendas Plaza at Xu Jia Hui...
Keppel Land is set to redevelop Tower 2 of its Barclays House complex in Jakarta's central business district, the property giant announced yesterday. Indonesia's booming economy has led to increased demand for office space and Mr Ang Wee Gee, executive director and chief executive officer (international) of Keppel Land International Limited, said: "Our new office tower will meet the demand of tenants...