ASIAN investors, including those from Singapore, attracted by a weak pound and rising rents, made up almost half of all buyers in the London residential property market in the past year, according to research by Knight Frank. Investors from China, Hong Kong, Singapore and Malaysia accounted for 28 per cent of London home purchases in the year to March, the London- based broker said in an e-mailed...
Overseas Property
Mainboard-listed Yanlord Land Group is tying up with an affiliate of GIC Real Estate to develop and manage properties in China. Yanlord and Reco Yizhong have set up a subsidiary for this purpose with a registered capital of US$300 million ($416 million). The subsidiary, named Yanlord Real Estate (Chengdu), will manage the prime residential development site in Panchenggang, Jinjiang District, Chengdu. The...
China's property market is gearing up for change, after the State Council approved a gradual reform of the country's real estate tax system. Analysts are expecting the changes to include a new tax on residential property. The reform is part of efforts to cool the red hot property sector on the Chinese mainland. Property prices in China have been surging to record highs. Data showed that real estate...
Southeast Asia's largest property developer CapitaLand said it has seen strong response for its first residential property in Vietnam. At a topping out ceremony in Ho Chi Minh City on Tuesday, CapitaLand said it has sold three quarters of the units available in the development, called The Vista. The property is about 10 minutes drive from the central business district. The Vista is expected to be ready...
Southeast Asia's largest property developer, CapitaLand, is doubling its real estate investments in Vietnam to up to US$2.5 billion over the next three to five years. It is aiming to build affordable homes and shopping malls in major Vietnamese cities like Hanoi and Ho Chi Minh City, said CapitaLand's CEO Liew Mun Leong on the sidelines of an event in Hanoi. CapitaLand now spends about US$1.2 billion in...
China's residential property market could stabilise by the first quarter of next year, as more supply becomes available, according to financial services firm Nomura. It said office space could be the segment to watch in Asia Pacific this year because of low valuations and stable yields. The property bubble in China is raising some red flags in the country, but Nomura said the market is likely to cool in...
Service apartment operator Ascott Group plans to invest US$100 million over the next three years in Vietnam. The investment will double the number of its existing service apartments in that country to about 1,800. Currently, the company has about five existing service apartment properties under the Somerset brand in Hanoi and Ho Chi Minh city, offering about 900 units. Another three properties, with...
Mass market housing in China remains affordable, and is unlikely to face the bubble pressures in the high-end segments and top-tier cities. Speaking at an investor conference, CapitaLand CEO Liew Mun Leong added that opportunities in the retail property segment across the mainland continue to expand. The China property market is hot. And fears of an asset bubble on the mainland have sparked government...
China's real estate market problems are worse than those in the United States before the global downturn, a central bank adviser has warned. "It is more than just a bubble problem," said Mr Li Daokui, a member of the People's Bank of China's monetary policy committee. "The housing market problem in China is actually much, much more fundamental, much bigger than the housing problem in the US and United...
BRITISH PROPERTY INVESTORS who managed to hang on to their assets during the worst credit crunch and economic slump in a generation are about to be dealt another blow by the country’s new government. As part of urgent efforts to address the UK’s huge budget deficit, the new Cameron-Clegg coalition administration is proposing to increase capital gains tax on all non-business assets from the current 18%,...