Property Update (26 Feb 2014)

SINGAPORE PROPERTY HEAT MAP

HDB – Price Per Square Ft over 90 days (via http://www.dwg.com.sg)

HDB – Volume over 90 days (via http://www.dwg.com.sg)

Condo / Apt – Price Per Square Ft over 90 days (via http://www.dwg.com.sg)

 

Condo / Apt – Volume over 90 days (via http://www.dwg.com.sg)

PROPERTY NEWS

Most Asian Shares Fall as China Property Concerns Weigh (The Wall Street Journal)

Asia — Japanese stocks moved higher on Tuesday, in a mixed session for Asia, while Shanghai extended its losses on continued concerns over the property sector.

The region started the session by taking its lead from the U.S., where the S&P 500 notched a record high in intraday trade overnight. Although the index pared most of those gains to end 0.6% higher, it is now flat for 2014, having recovered from losses earlier in the year when a selloff hit global markets… Read more >>

 

Singaporeans continue their love affair with London property (CNBC)

UK — As Singaporeans’ burgeoning appetite for London’s property market continues to thrive, investment firms are launching products to tap into the trend.
Investment firm London Central Portfolio is set to launch a London residential property fund in Singapore next month, focusing on the central districts of the city, and in direct response to growing Singapore demand for London property… Read more >>

 

Donald Trump ties up with Dorya to launch new luxury collection in Istanbul (Property Report)

Turkey —  Real estate mogul Donald Trump and world-renowned furniture maker Dorya will hold a global launch for ‘Trump Home by Dorya’ in Istanbul, Turkey next week.

An exclusive gala at Dorya’s flagship store in the capital will be held on 27 February 2014 to coincide with the event.

“We are very excited about launching the Trump Home line and building a legacy that sets high standards for the future,” said F Doruk Yorgancioglu, president and CEO of Dorya. “The global recognition of the Trump brand for luxury and superior quality is a genuine fit.”… Read more >>

 

MJM+A Architects to the design North America’s tallest tower (Property Report)

US — Manhattan-based design firm MJM+A Architects PLLC recently introduced the Hudson Spire project, set to be the tallest structure in North America and third tallest in the world. Once completed, the 5489-metre steel-and-glass tower will surpass the Freedom Tower of OneWorldTradeCentre in the United States, and will be the world’s third tallest building after the Burj Khalifa in Dubai and Saudi Arabia’s Mecca-based Makkah Royal Clock Tower… Read more >>

 

Market Round-Up (Property Report) >>

FEATURED VIDEO

CNA Market Insights with Patrick Fok and Kelly Teoh (Market Strategist), US State of Economic Recovery; US 4th Quarter GDP and Over-Valued Stocks; Fed’s Path on Tapering; China’s Property Market and Systemic Risks; and Gold Investment Outlook;

http://www.channelnewsasia.com/news

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News – Filipino tycoon honoured at CNA gala

Filipino tycoon honoured at CNA gala (TODAY Online)

SINGAPORE — Hard work. Responsiveness to change. Frugality. These are some of the values that have helped Filipino billionaire John Gokongwei Jr muscle his way out of poverty and become one of Asia’s most successful self-made business figures.

Last night at Channel NewsAsia’s (CNA) annual Luminary Awards Gala, Mr Gokongwei was honoured with a Lifetime Achievement Award for his success in building one of the region’s vast business empires.

The 87-year-old is the founder of JG Summit Holdings, a conglomerate that began six decades ago with a single cornstarch factory. Today, JG’s reach spans businesses in food, banking, air transport, property, telecommunications and petrochemicals. Mr Gokongwei is also Deputy Chairman at Singapore property developer United Industrial Corporation.

The fifth-richest person in the Philippines with a net worth of US$3.4 billion (S$4.3 billion) as of July 2013, according to Forbes, Mr Gokongwei is also devoted to philanthropic work. He heads the Gokongwei Brothers Foundation, funding educational projects across the Philippines.

Read more >>

For Sale – Portico Sandstone Tower, Pasig City PH

The Sandstone at Portico, Pasig City (Philippines)

In the midst of the hectic and bustling district of Ortigas Center, Alveo Land Pioneers a Fresh New enclave – Transforming an urbanized city environment into a charming lifestyle neighborhood. Alveo’s vision of Innovating the community experience and improving lifestyles for the upscale market continues as portico breathes new life into Pasig City’s dynamic commercial and residential spaces.

THE FIRST AYALA PROJECT IN PASIG CBD: The Sandstone at Portico in Pasig.

Click here for more >>

Property Update (3 Feb 2014)

HDB – Price Per Square Ft over 90 days (via http://www.dwg.com.sg)

HDB – Volume over 90 days (via http://www.dwg.com.sg)

Condo/Apt – Price Per Square Ft over 90 days (via http://www.dwg.com.sg)

Condo/Apt – Price Per Square Ft over 90 days (via http://www.dwg.com.sg)

PROPERTY NEWS

Unfazed Singaporean investors still flocking to Chiang Mai (BangkokPost)

Thailand — Despite the political turmoil, Singaporean investors will continue property development in Chiang Mai due to growth driven by airport expansion, a new convention centre and Asean integration.

 

Matthew Lin, managing director of Chiang Mai-based property developer Summit Global Developments, said the company and a group of Singaporean investors will launch three new projects worth a combined 1.2 billion baht in the province this month.

 

“We are not worried much about who will take [political] power because everything, which was on-and-off many years ago, is already here like the airport expansion and international centre,” he said.

There are also many shopping malls in the northern province including Central Festival, Promenada and the recently opened Maya. The high-speed train is a must-do project for the new government. Read more >>

 

More firms venturing into overseas property (Business Times SG)

Singapore — Firms have ramped up their geographical diversification efforts in recent months in a bid to escape Singapore’s prohibitive property cooling measures. In the opening weeks of January alone, Aspial Corporation unveiled two acquisitions in Australia, Keppel Land agreed to purchase land in Indonesia and CapitaLand picked up yet another plot in China.

 

Australia, the United Kingdom and the United States have been firms’ favourite hot spots. Several companies, including Hiap Hoe, AIMS AMP Capital Industrial Reit, Aspial, and Suntec Reit, picked Australia for their first overseas acquisitions. Read more >>

 

Experts fear London market ‘bubble’ (The Courier)

Experts are warning that stronger curbs must be considered for the housing market amid fears that London is starting to show “bubble-like conditions”.

 

By 2018, the average house price in London is expected to reach nearly £600,000 – some 3.5 times the average price in Northern Ireland and more than 3.3 times the average in the North East, according to a report from economic forecasting group EY ITEM Club.

 

The report said that while the rest of the UK is returning to normality, London’s housing market is showing signs of “bubble-like conditions” and policy makers should be prepared to step in. Read more >>

 

Think-tank calls for a ban on rich foreigners buying homes in London to puncture property bubble (Daily Mail UK)

Rich foreigners should be restricted from buying houses in Britain and purchasing newbuild homes solely as an investment, a leading think-tank has said.

 

Wealthy overseas investors are adding to ‘rampant house price inflation’, driving up prices and forcing millions of middle and low UK earners out of the property market, Civitas has said.
The think-tank has called on ministers to adopt a scheme to stop existing homes being sold to those from outside the EU.
It also proposes foreigners should only be allowed to buy new homes if they prove their investment would lead to more properties being built.

 

It would therefore stop foreign investors such as Chelsea football club owner Roman Abramovich from adding to his multi-million pound collection of London homes. Investment from China, Malaysia and Singapore will also be reduced under the plans, it is hoped. Read more >>

FEATURED VIDEO

For Sale – Vista Residences Katipunan, Quezon City (Philippines)

Vista Residences Katipunan — Katipunan forms Vista Residences’ 2nd university project instalment. Conveying Camella’s tradition of bringing quality and affordable living spaces, the project aims to provide the collegiate population of Katipunan with their housing needs. After all, your class A kids, deserve a class A home.

Standing at 26-story tall, this single-tower project is specifically designed to provide its future dwellers a safe and secure home-away-from-home option as they choose to study in the finest universities in the Katipunan area. It also boasts an impressive option for investment, as the ever-increasing student population demand for quality and accessible residential choices during the most important years of their college lives.