Singapore — Ayala Land International (Singapore) would like to invite you on December 14, 2013 1:00pm at Marina Bay Sands – Hibiscus Function Room for the Grand Launch of Solstice Tower 2. Hope you can come.
Southeast Asia’s property markets are poised to see a surge in investment in 2014, according to a survey of 250 regional real estate developers and investors conducted by the Urban Land Institute. The 2014 “Emerging Trends in Real Estate: Asia-Pacific,” released today in Hong Kong, listed Manila as Asia’s top spot for residential-property development in the coming year. Jakarta came in third, Bangkok fifth and Ho Chi Minh City 10th.
“This year you have a situation where the economic fundamentals are weaker, China has not been as strong and you have the prospect of tapering in the U.S. You would think investors would be less interested in picking up real estate, but that hasn’t happened,” said Colin Galloway, the forecast’s principal author. “But investors are looking at smaller, emerging markets to try and get the returns they can’t get in traditional core markets.”
Japan — Tokyo is being seen as the top destination for real-estate investment in the Asia-Pacific region next year, according to an industry report by the Urban Land Institute and PricewaterhouseCoopers. The city emerged as an investment magnet soon after the introduction of dramatic economic reforms aimed at boosting the economy, according to the Emerging Trends in Real Estate Asia Pacific investment prospects survey. The report reflects the views of 250 people who completed surveys or were interviewed. The interviewees and survey participants include investors, fund managers, developers, property firms, lenders, brokers, advisers and consultants.
UK — The recently announced UK capital gains tax on foreign property investments, set to be introduced in April 2015, could dampen demand from Asian investors, according to property analysts.
The tax, which will be enforced on real estate owned by non-UK residents in an effort to cool the market, could lead to overseas buyers purchasing property elsewhere, London-based estate agent Kay & Co managing director Martin Bikhit told the South China Morning Post.
“With rental returns often being below 3 percent in prime central London, the introduction of capital gains tax for non-resident purchasers of second homes from next April will certainly deter some investors from buying in the UK,” he said.
In astronomy, solstice takes place when the sun reaches its highest point in the sky. A sense of being above everything.
Presenting the Solstice Tower at Circuit Makati.
Solstice will be the first residential tower to be built inside Circuit Makati, brought to us by ALVEO Land Corp, the leading developer of upscale residential communities.
CNA’s AM Live Steven Chia, Yvonne Yong, Jack Board, and Steven Clark (CNA Exec Producer) discusses Tacloban’s situation one month after being hit by typhoon Haiyan.