Overseas Property

Vietnam real estate market heating up

Hundreds of property investors and wannabes fill a stuffy conference room in Cau Giay, a working-class suburb in Hanoi. “I love property!” they stand up and yell at one another with high fives. It is an exercise prompted by the coach, Welsh multi-millionaire property investor Kevin Green, to break the monotony of sitting down all day. “Yes, yes, yes,” they shout at this three-day real...

Ho Bee buys sixth office property in London

Local developer Ho Bee Land on Tuesday (Dec 1) said it will buy its sixth office property in London for £99 million (S$210 million), continuing its expansion in the UK. Called Apollo House and Lunar House, the property in Croydon, London comprises one 20-storey office building and one 22-storey building with a total 441,797 square feet of office space. The site is designated in the London Borough of...

Singapore-based investors put in S$3.8b in overseas real estate in Q3: DTZ

Singapore-based investors put in at least S$3.8 billion in overseas real estate markets despite a weaker global economy in Q3, according to data compiled by DTZ (SEA) Research. Of this, more than S$1.8 billion was invested in Australia and S$1.2 billion in the UK. In Singapore, private investment in office space also rose to S$828 million in Q3 2015 from S$465 million in Q2. Offices accounted for...

HLH Group to develop public housing projects in Cambodia

HLH Group has become the first Singaporean company to develop public housing projects in Cambodia, with the launch of a residential development in the port city of Sihanoukville. Called D'Seaview, the mixed-development project will occupy a land area of 9,818 square metres and have a total of 735 residential units. The seafront development will also have commercial space for a range of retail...

Peter Lim-linked firm to develop healthcare city in Iskandar

A firm controlled by Singapore billionaire Peter Lim has dropped plans to build a township in Iskandar Malaysia and will instead develop a healthcare city beside the upcoming Thomson Iskandar medical hub. Rowsley, a Singapore-listed real estate company, announced on Tuesday (Sep 22) that it has received “favourable response” from the Johor Head of State to reconceptualise Vantage Bay from a...

A-REIT to acquire A$1b logistics portfolio in Australia

Industrial landlord Ascendas Real Estate Investment Trust (A-REIT) is set to acquire 26 logistics properties in Australia for A$1.013 billion (S$1.013 billion) in a move to diversify geographically, its manager Ascendas Funds Management announced on Friday (Sep 18). This will be subject to post-completion adjustments, with the money payable to the real estate arm of GIC and Frasers Property Australia...

Mapletree expands in Vietnam with opening of new mall

Singapore-based real estate firm Mapletree has expanded into Vietnam’s retail property sector, with the official opening of its first shopping mall in Ho Chi Minh City on Sunday (Sep 20). SC VivoCity, jointly developed by Mapletree and Saigon Co Op Investment Development Joint Stock Company (SCID), has a gross floor area of 62,000 square metres. Retailers have taken up 84 per cent of the net lettable...

China property investment growth slows to 3.5% on-year in Jan-Aug

Growth in China's real estate investment slowed to 3.5 percent in the first eight months of this year from the same period a year ago, though the area of property sold rose 7.2 percent, official data showed on Sunday. The weak rise in investment, reported by the National Bureau of Statistics(NBS), compared with an increase of 4.3 percent in January-July. The rise in sales by area compared with a 6.1...

China eases foreign purchase rules for property

China loosened restrictions on foreign investment in real estate after the yuan's depreciation reduced the appeal of Chinese property assets. Overseas companies' Chinese units and foreign nationals working and living in China can buy properties for their own use that meet "real needs," Chinese authorities including the Ministry of Commerce said in a joint statement. Requirements that foreign investors...

Beware of risks of property oversupply overseas: Lawrence Wong

The Monetary Authority of Singapore (MAS) has warned about the potential risks of property oversupply overseas. Minister for Culture, Community and Youth Lawrence Wong said this in Parliament on Monday (May 11) in response to a question by MP Lee Bee Wah on how many Singaporeans are individual owners of properties in Iskandar Malaysia. Mr Wong was speaking on behalf of Deputy Prime Minister Mr...

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