Luxury Property

Wealthy buyers go house-hunting in new cities

Wealthy homebuyers are finding global cities less welcoming - even hostile - to their cash. Luxury property prices in 45 global cities rose an average of just 1.1 per cent in the third quarter from a year earlier, the weakest annual gain since the end of 2009, according to a report from Knight Frank. They fell 4.4 per cent in New York, 3.9 per cent in London, and 10 per cent in Vancouver. It's no...

Luxury properties continue to attract strong buying in Southeast Asia

Luxury properties continue to see high demand in South East Asia. With global markets being flushed with cash, experts say more are looking at investing in high-end properties that's worth more than US$5 million. New luxury homes now come with an added touch of class and developers are introducing even more innovative features in such properties. Costing an average of about S$3,500(US$2,800) per square...

Baha Mar: Luxurious integrated destination resort in The Bahamas goes on sale in Singapore

Baha Mar, the highly anticipated US$3.5 billion (S$4.48 billion) integrated destination resort currently being built in The Bahamas, will launch residential sales in Singapore this weekend, June 29 – July 1, 2012, at the Conrad Centennial. Singapore world travellers are invited to own a piece of the 400-hectare multi-property resort enclave, which will feature top hotel brands Rosewood Hotels &...

Asia Pacific’s luxury property market cooling off

Average capital values of eight luxury residential markets in the Asia Pacific region rose by only 0.2 percent in the fourth quarter, according to the latest Asia Pacific Residential Index released by Jones Lang LaSalle (JLL). The property consultancy said Bangkok, Beijing, Mumbai and Jakarta recorded an increase in capital values during the period. Prices remained stable in Singapore and Kuala Lumpur...

Luxury properties a long term investment worth making

Top-end real estate investments are expected to be a good bet in the current global economic environment, according to luxury property developer Nick Candy. “Shrewd investors with access to capital” are increasingly seeing luxury property developments as “a long-term commitment worth making,” he said. His company, Candy & Candy, developed One Hyde Park in central London, considered one of the...

S’pore’s private property resale market offer discounts of up to 50%

If you're looking to buy a private high-end property, market watchers said the resale market appears to be offering better deals right now. They said discounts of up to 50 per cent can be found in the resale market for Singapore private properties compared to developer launches where prices may only be lowered by about 20 per cent. Property market sentiment appears to be recovering with developers...

Interest in luxury property market rises by 70% in last 2 years

With the high-end luxury segment leading the residential sector in price increases this year, Singapore developers have been roping in global names to give their projects that extra touch of distinction.A growing number of partnerships are being formed, especially with companies in branded home furnishings. Reflections at Keppel Bay is among the high-end residential projects set to be completed in...

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