Asia Real Estate

Home prices to rise 10% next year

sg.yahoo.com

Home prices to rise 10% next year


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UBS avoiding Singapore, HK housing markets

sg.yahoo.com

UBS avoiding Singapore, HK housing markets


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Private home sales rise by 165%

tnp.sg

Private home sales rise by 165%


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Penang hopes to get 7,000 low-cost housing units in Jelutong

nst.com.my

Penang hopes to get 7,000 low-cost housing units in Jelutong


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Real estate firm Unitech bosses sent to police custody over fraud case of housing project

dnaindia.com

Real estate firm Unitech bosses sent to police custody over fraud case of housing project


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Over 1,000 property agents unite against PropertyGuru's price hike

straitstimes.com

Over 1,000 property agents unite against PropertyGuru's price hike


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Компании из 30 стран примут участие в Cannes International Emigration & Luxury Property Expo 2017
Cannes International Emigration & Luxury Property Expo — это ведущая мировая выставка, посвященная иммиграции, элитной недвижимости, а также частному финансовому консалтингу, которая состоится 26 — 27 октября 2017 года в Каннах во Дворце Фестивалей и Конгрессов. В выставке примут участие ведущие компании из 30 стран мира, среди которых: США, Канада, Великобритания, Португалия, Франция, Германия, Италия, Испания, Швейцария, Кипр, Мальта и другие государства ЕС   Read More ...
Categories: Real Estate | 
Places: Asia |  C. Asia |  Kazakhstan | 
China pilots joint ownership housing scheme in Beijing, Shanghai
BEIJING -- China's housing authority has endorsed a pilot joint ownership housing scheme in Beijing and Shanghai, as part of government efforts to stabilize the property market. The scheme aims to provide affordable housing to households that have difficulties in purchasing a home and push supply-side reform in the housing sector, said a notice issued by the Ministry of Housing and Urban-Rural Development   Read More ...
Categories: Real Estate | 
Tags: Housing |  Real Estate Markets | 
Places: Asia |  E. Asia |  China |  Beijing | 
Property agent fined S$6,000 for misconduct in case involving dementia patient
SINGAPORE: A property agent has been fined S$6,000 and suspended for misconduct while trying to help an elderly couple sell their Housing and Development Board (HDB) flat, the Council for Estate Agencies' disciplinary committee said in a media release on Friday (Sep 22). PropNex Realty property agent Ng Ser Leong failed to make sure that one of the sellers - who was illiterate, suffered from dementia and lived in a dementia care home - was fully aware of the consequences of the sale of the flat she co-owned with her husband, the council said   Read More ...
Categories: Real Estate | 
Places: Asia |  S.E. Asia |  Mainland |  Singapore | 
Centre releases new PPP policy
The move is aimed at increasing private participation in affordable housing projects In a bid to promote private investment in affordable housing, the Centre on Thursday released a new public private partnership (PPP) policy. The policy allows the extension of central assistance of up to Rs 2.50 lakh per house that is to be built by private builders — even on private land   Read More ...
Categories: Real Estate | 
Tags: Housing |  Affordable housing | 
Places: Asia |  S. Asia |  India | 
Land records purification brings relief
The ongoing land survey for cleaning of agricultural land records and account for the actual land in cultivation has been helpful on two counts. First, those who were unable to update the land records even after making umpteen rounds, are now happy to get the records updated and rectified at their doorstep without feeling harassed or having to grease any palms   Read More ...
Categories: Real Estate | 
Tags: Land | 
Places: Asia |  S. Asia |  India |  Telangana | 
Government backs trials of joint home ownership
CHINA’S government is to give its full support to trial operations on joint-ownership properties in Shanghai and Beijing as part of its efforts to stabilize the property market, the housing ministry said yesterday. The scheme aims to provide affordable housing to people who have difficulties in purchasing a home and push supply-side reform in the housing sector, according to a notice issued by the Ministry of Housing and Urban-Rural Development   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Asia |  E. Asia |  China | 
Centre releases policy to boost private investment in affordable housing
Offers assistance for construction on both public and private lands The Centre, in a serious bid to give a much needed boost to promote private investment in affordable housing, on Thursday released a new public private partnership (PPP) policy which encourages private investment using government and private lands. The policy allows extending central assistance of up to Rs 2.50 lakh per each house to be built by private builders even on private lands   Read More ...
Categories: Real Estate | 
Tags: Housing |  Affordable housing | 
Places: Asia |  S. Asia |  India | 
New round of land plots seeking public opinion
A new round of 10 land plots are seeking public consultation over land usage, as announced by the Land, Public Works and Transport Bureau (DSSOPT) on its official Urban Planning Information website. The new round of consultation will last from September 20 to October 4, which addresses the functions of one state-owned land, three long-term land concessions and six private lands   Read More ...
Categories: Real Estate | 
Tags: Land |  Plots | 
Places: Asia |  E. Asia |  Macau | 
BlackRock sells Singapore office tower for S$2.1 billion to CapitaLand
SINGAPORE — CapitaLand Commercial Trust, Singapore's biggest office landlord, agreed to buy BlackRock Inc.'s Asia Square Tower 2 for S$2.1 billion in the city's second-largest ever sale of an office building. The transaction will be partially funded by a rights issue of about S$700 million and bank borrowings of about S$1.12 billion, CapitaLand Commercial Trust said in a statement Thursday (Sept 21)   Read More ...
Categories: Real Estate | 
Places: Asia |  S.E. Asia |  Mainland |  Singapore | 
China pilots joint ownership housing scheme in Beijing, Shanghai
China's housing authority has endorsed a pilot joint ownership housing scheme in Beijing and Shanghai, as part of government efforts to stabilize the property market. The scheme aims to provide affordable housing to households that have difficulties in purchasing a home and push supply-side reform in the housing sector, said a notice issued by the Ministry of Housing and Urban-Rural Development   Read More ...
Categories: Real Estate | 
Tags: Housing |  Real Estate Markets | 
Places: Asia |  E. Asia |  China |  Beijing | 
CapitaLand Commercial to buy Singapore office tower from BlackRock for $1.55 bln
SINGAPORE, Sept 21 (Reuters) - CapitaLand Commercial Trust said on Thursday it was buying an office tower in Singapore’s financial district for for S$2.1 billion ($1.55 billion) from BlackRock Inc, the world’s largest asset manager. The deal for Asia Square Tower 2 comes a little more than a year after BlackRock sold the larger Tower 1 to the Qatar Investment Authority for $2   Read More ...
Categories: Real Estate | 
Places: United States |  Asia |  S.E. Asia |  Mainland |  Singapore | 
Compensate 39 home buyers, SC tells Unitech
The Supreme Court on Wednesday directed embattled real estate firm Unitech Residential Resorts Limited to pay ₹80,000 each as compensation to 39 home buyers towards litigation cost and for causing harassment. NCDRC order. A Bench comprising Chief Justice Dipak Misra and Justices Amitava Roy and A. M. Khanwilkar disposed of the appeal filed by the real estate company against the order of the National Consumer Disputes Redressal Commission (NCDRC) and asked it to pay the cost within eight weeks to the home buyers   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Asia |  S. Asia |  India | 
Rehda urges govt to cut GST on construction materials, stamp duty on residential units
PETALING JAYA: The Real Estate and Housing Developers’ Association Malaysia (Rehda) has called on the government to reduce the Goods and Services Tax (GST) on construction materials and stamp duty for residential houses to help tackle the affordability issue. Rehda past president Datuk Ng Seing Liong said the 6% GST introduced in April 2015 has resulted in higher construction cost, which has been passed on to house buyers   Read More ...
Categories: Real Estate | 
Places: Asia |  S.E. Asia |  Malaysia | 
Real estate bubble deflating in China's top-tier cities
China's real estate bubble is deflating as home prices in top tier cities are cooling, according to analysts. "The turning point for first-tier and major second-tier cities has emerged, given the pace of new home price growth slowed in 15 major cities compared with the same month last year," said Zhang Dawei, an analyst with Centaline Property. It is an overall decline for the first time in three years, Zhang added   Read More ...
Categories: Real Estate | 
Places: Asia |  E. Asia |  China | 
Rehda: Improved sentiment in property sector
Sentiment among survey respondents seem to be better for the first half of 2018 (1H18), with more respondents (26%) indicating an optimistic outlook on property market performance as well as residential sector growth.   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Asia |  S.E. Asia |  Malaysia | 
Banks raise interest rates on first-home mortgages in Beijing
Potential homebuyers look at a model of a new property project at a real estate expo in Beijing. (File photo/China Daily) (ECNS) -- Commercial banks in Beijing have hiked interest rates on first-home mortgage loans by five to 20 percent more than benchmark lending rates, Beijing News reported on Wednesday. For first homes bought with a one-million-yuan ($152,000) mortgage, the monthly repayments would be approximately 1,200 yuan more than before, the paper said   Read More ...
Categories: Business |  Real Estate | 
Places: Asia |  E. Asia |  China |  Beijing | 
Home prices to rise 10% next year
Fuelled by redevelopment deals and an increase in foreign buying, UOB Kay Hian expects home prices in Singapore to bottom out this year and climb by five to 10 percent in 2018... More redevelopment deals and increased foreign buying interest is expected to drive demand for Singapore homes. Fuelled by redevelopment deals and an increase in foreign buying, UOB Kay Hian expects home prices in Singapore to bottom out this year and climb by five to 10 percent in 2018, reported Bloomberg   Read More ...
Categories: Real Estate | 
Places: Asia |  S.E. Asia |  Mainland |  Singapore | 
China home price growth cools further in August as curbs bear down
BEIJING/HONG KONG (Reuters) - China’s new home prices rose in August at the slowest pace in seven months and fell or leveled off in more cities as government cooling measures dampened speculation, though there were no signs of a sharper correction that could damage the economy. Signs of a more stable and less frothy housing market, which is a key driver of economic growth, will be good news for the Communist Party as it prepares for a key meeting next month   Read More ...
Categories: Real Estate | 
Places: United States |  Asia |  E. Asia |  Hong Kong | 
UBS avoiding Singapore, HK housing markets
Multinational bank UBS is avoiding the housing markets of Singapore and Hong Kong as there is a tendency for these cities to impose property cooling measures to control rising prices... The bank feels that Singapore’s housing market is too heavily regulated. Multinational bank UBS is avoiding the housing markets of Singapore and Hong Kong as there is a tendency for the governments of these cities to impose property cooling measures to control rising prices, reported Bloomberg   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Asia |  S.E. Asia |  Mainland |  Singapore | 
Real Estate business in the Philippines: Has it reached its full potential?
When you’re asked to name a few real estate company, you can probably name a few but these are the “big fish” as they say. But as a humble one trying to swim in this small pond, can you really go full blast and still expect good results in return? When Marc-Olivier Caillot (or just Marco) started a property listing company 5 years ago, he encountered several bottlenecks just to properly close a sale   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Asia |  S.E. Asia |  Maritime |  Philippines | 
Private home sales rise by 165%
In another bullish sign for the local property market, the number of new private homes sold last month soared by 165 per cent from a year earlier. Just one major project was launched over the month - Le Quest in Bukit Batok. Analysts say buying momentum continues to pick up in the face of more aggressive bids by developers for land sites and as the level of unsold stock from earlier launches falls   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Asia |  S.E. Asia |  Mainland |  Singapore | 
Things looking up for housing market
On the morning of July 11, 15 developers converged on the 10th storey of the Urban Redevelopment Authority (URA) Centre to submit bids for a government land site in Woodleigh Lane. By 8pm, the results were out: a consortium led by Chip Eng Seng, a mid-sized developer, won with the highest bid of $701 million. The price jolted the market; it was almost 40 per cent above the price per square foot paid for a nearby site at Raintree Gardens just 10 months ago   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Asia |  S.E. Asia |  Mainland |  Singapore | 
Community land trust model best suited to reinvent Dharavi
Mumbai: For several years, successive State governments have cited the redevelopment of Dharavi as a priority, but little has been done on ground, either to find bidders or evolve a more nuanced approach to redevelopment. The development model pursued by the government, based on increasing FSI and relocating original residents in high rises, has long been critiqued as a top-down approach that will destroy the character of one of the city’s most vibrant economic and social spaces   Read More ...
Categories: Real Estate | 
Tags: Land | 
Places: Asia |  S. Asia |  India |  Maharashtra | 
Dubai Land Department signs an agreement with Mashreq
Dubai: The Dubai Land Department (DLD) announced that it has signed an agreement with Mashreq concerning banking solutions for the transaction services of the “Tarweej” real estate promotion initiative. The agreement was signed by Sultan Butti Bin Mejren, Director General of DLD, and Abdul Aziz Al Ghurair, CEO of Mashreq. Under the new agreement, Mashreq will provide banking services for real estate transactions made both inside and outside the country   Read More ...
Categories: Business |  Real Estate | 
Tags: Finance |  Sectors |  Banks & Banking |  Land |  Financial Institutions | 
Places: Asia |  Mideast |  United Arab Emirates | 
Understanding equitable mortgage
The ‘Transfer of Property Act 1882’ says “A mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise to a pecuniary liability”. To advance home loans and loan against properties, banks and HFCs (Housing Finance Companies) seek security in the form of mortgage of property to be funded   Read More ...
Categories: Real Estate | 
Places: Asia |  S. Asia |  India | 
Delhi HC slams city residents; calls them selfish for using homes as commercial properties without thinking of others
People, using residential properties for commercial purposes, have become "selfish" as they were earning profits without even thinking of the inconvenience they are causing to their neighbours, the Delhi High Court said today. A bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar made the observation while expressing concern over the large number of coaching institutes coming up in the residential areas of the city causing "parking woes" and other inconvenience to the local residents   Read More ...
Categories: Real Estate | 
Places: Asia |  S. Asia |  India |  Delhi | 
Dubai Land Department extends alliance with Sumansa
Dubai: The Dubai Land Department has inked a deal with Sumansa Exhibitions to take the Dubai real estate story to key markets overseas. Sumansa is the organiser of the Dubai Property Show, which has held events in Hong Kong, London, Mumbai and Shanghai. The last two fetched sales of Dh1.2 billion and Dh800 million. The two entities will launch a ‘Global Investment Promotion Plan’ to venture into key investment destinations   Read More ...
Categories: Real Estate | 
Tags: Land | 
Places: Asia |  Mideast |  United Arab Emirates | 
Russia presents Kyrgyzstan 35 one-room mobile homes
AKIPRESS.COM - Russia presented Kyrgyzstan 35 one-room mobile homes for people affected by emergency situations, the press service of the Emergency Ministry reported. The handing over ceremony took place in the Sadovoye village of Chuy region on September 13. Deputy Minister of Emergency Situations of Kyrgyzstan Kalys Akhmatov and Deputy Director of the Department of International Activities of the Ministry of Emergency Situations of Russia Igor Veselov signed the relevant documents during the ceremony   Read More ...
Categories: Real Estate | 
Places: Asia |  C. Asia |  Kyrgyzstan |  Europe |  E. Europe |  Russia | 
Non-residential loans push up real mortgages
Information showed that residential mortgage loans (RMLs) approved by banks in the territory increased by 19.1 per cent month-to-month to MOP5.8 billion in July. read more.   Read More ...
Categories: Real Estate | 
Places: Asia |  E. Asia |  Macau | 
Tilal Properties reworks its mall plan
Dubai Tilal Properties has engaged Collies International to review the design of the Tilal Mall, provide leasing services and also handle property management. The plans for the mall have also been revised, with the area designated for construction being raised from 256,000 square metres to 400,000 square metres. This raises the total leasing area from 69,000 square metres to 115,982 square metres   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Shopping Malls | 
Places: Asia |  Mideast |  United Arab Emirates | 
Union Properties create retail and hotel subsidiaries
Dubai The restructuring at Union Properties continues with the creation of subsidiaries — one to handle all of its future retail interests and the other for hospitality. On Monday, the developer also brought out a new master plan for its biggest current project, the Dh8 billion Motor City. According to Nasser Butti Omair Bin Yousuf, Chairman, “Guided by a new management team, master plan and projects, Union Properties is beginning a new chapter in its proud history   Read More ...
Categories: Real Estate | 
Places: Asia |  Mideast |  United Arab Emirates | 
Dubai Land Department makes a big China push
Dubai Dubai Land Department has appointed UC Forward Marketing to be its real estate promotion trustee for the Chinese market. The objective is to secure Dh1 billion worth of Chinese investments into Dubai real estate. As part of the agreement, UC Forward has established its own counter at the Land Department’s office in Al Fahidi Hall to provide free Chinese and English language consultancy services to Chinese investors   Read More ...
Categories: Business |  Real Estate | 
Tags: Markets |  Land | 
Places: Asia |  Mideast |  United Arab Emirates | 
Sharjah landlords can’t afford to be inflexible
Dubai: Sharjah’s landlords with brand new high-end towers to lease are not doing themselves any favours by sticking to their high rental demands. More so, as Sharjah is all set to witness a freehold/long-term leasehold boom and which could convince more residents to buy rather than rent. “These landlords seem to be fixated on certain prices, and primarily because they want to fill up the apartments, show a high rental income and make it attractive for a buyer to come in acquire the whole building,” said John Stevens, Managing director at Asteco, the property services firm   Read More ...
Categories: Real Estate | 
Places: Asia |  Mideast |  United Arab Emirates | 
Shanghai’s housing market stays weak in August
The Shanghai housing market remains weak in August, with a moderate retreat in volume and prices. The index for occupied homes, which monitors month-over-month prices in 130 areas, dipped 0.23 percent to 3,988 in August from July, the Shanghai Existing House Index Office said yesterday. The average cost of pre-occupied homes rose in 58 areas, fell in 52 areas and remained flat in 20   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Asia |  E. Asia |  China |  Shanghai | 
Cityscape Global: UAE getting more affordable housing?
Dubai: The Business team takes the podcast on the road for the first time, with a special episode from Cityscape Global, the annual property exhibition currently taking place in Dubai. Ed Clowes and Sarah Diaa discuss one of the key trends at the event this year; mid-income housing, an under-served segment of the residential market where demand is particularly strong. The team discusses the supply/demand sides of that segment, and what developers are finally doing to address the demand   Read More ...
Categories: Business |  Real Estate | 
Tags: Housing |  Affordable housing | 
Places: Asia |  Mideast |  United Arab Emirates | 
Property stocks see buying on Dubai bourse, bucking regional trend
Dubai: Marginal buying was witnessed in property stocks on the Dubai bourse on expectations of new projects and real estate demand from the annual Cityscape event, which helped the gauge to buck a weak regional trend. Union Properties, Emaar Properties, Emaar Malls, Aldar Properties, RAK Properties saw buying with increased traded value compared to previous session. The Dubai Financial Market General Index closed 0   Read More ...
Categories: Business |  Real Estate | 
Places: Asia |  Mideast |  United Arab Emirates | 
More Singapore banks offering 3-year fixed-rate mortgages
Singapore banks offering 3-year fixed-rate mortgages In a bid to take advantage of Singapore’s recovering property market, four lenders here are now offering three-year fixed-rate home loans... Four banks are now offering this type of mortgage following the recent drop in interest rates. In a bid to take advantage of Singapore’s recovering property market, four lenders here are now offering three-year fixed-rate home loans, reported the Business Times   Read More ...
Categories: Business |  Real Estate | 
Places: Asia |  S.E. Asia |  Mainland |  Singapore | 
Singtel to offer only fibre networks to commercial buildings from April 2018
SINGAPORE: Singtel on Monday (Sep 11) said it will halt the deployment of copper to commercial buildings, and offer only fibre-based networks from next year. In its press release, the telco said it will cease copper deployment to buildings that obtain Temporary Occupation Permit status from April next year, while commercial buildings that obtain TOP status before then will not be affected   Read More ...
Categories: Real Estate | 
Places: Asia |  S.E. Asia |  Mainland |  Singapore | 
'Land Mafias' And The Battle For Pakistan's Real Estate Boom
Perween Rahman was returning home one evening in March 2013 from her job as head of the Orangi Pilot Project, which for years has pushed land title claims for Karachi's poor, when she was shot three times by a gunman on a motorcycle. Rahman died as she was rushed to hospital by her friend and colleague Anwar Rashid. "He was a sharp shooter," said Rashid, now 71 years old and white-haired, but still a director of the OPP, pointing to his throat and chest to indicate where Rahman was hit   Read More ...
Categories: Real Estate | 
Tags: Land | 
Places: Asia |  S. Asia |  India |  Pakistan | 
Penang hopes to get 7,000 low-cost housing units in Jelutong
GEORGE TOWN: Penang is hoping to get some 7,000 units of the Poor People’s Housing (PPR) project at Jelutong, next to Lebuhraya Tun Dr Lim Chong Eu here. State Housing Committee chairman Jagdeep Singh Deo said the state government had applied to the Federal government to build the PPR units on two 4ha state government-owned land and a 14ha Federal government land   Read More ...
Categories: Real Estate | 
Tags: Housing |  Affordable housing | 
Places: Asia |  S.E. Asia |  Malaysia |  Penang |