Author Archive for PRSEA
Analysis: Tax: International aspirations for AEC 2015
The latest BDO Global Ambition Survey reveals that despite perceived increased difficulties in conducting business abroad, the CFOs in all the countries interviewed believe that a larger proportion of their revenues will be accounted for by sales outside their headquartered country by 2014.
Analysis: Buyers Advice: It takes three to Tango
Proudly admitting to being a real estate agent is something that I don’t have a problem with. I work very hard for my clients and take the responsibility of assisting them to both protect and invest their money extremely seriously. But alas, whenever I am at some swanky event or gorgeous lunch and in my element – you know what I mean – the champagne is flowing, the conversation is lively and my new best friends are laughing like drains at my fabulous wit and hanging on every word of my hilarious “you won’t believe what happened on the way here” story, some bright spark has to ruin it all and ask me what I do for a living.
Special Feature: Viva Las Vegas
Property investments are often about hedging bets, and global economic shifts mean investors increasingly scour the international markets for opportunities that offer a win-win combination of financial security and lifestyle benefits.
The Philippines attracts more foreign investors
Foreign direct investment rose 154 per cent in the Philippines in January and February to US$850 million. The increase in capital flow came primarily from the United States, Australia, Japan and Kuwait. The Philippine central bank claims foreign investment went into local manufacturing ventures in the wholesale and retail trade, real estate, finance and [...]
Thailand’s largest real-estate developer withdraws investment from Maldives most ambitious urban project
Government implementation of ‘managed floatation’ of the currency in 2011 allowed the rufiyaa to be traded within a 20 per cent margin of its former rate.
The result being: the devaluation of the currency to a rate of 15.42 to the US dollar – which is unable to be exchanged outside the blackmarket, where rates can reach Rf 17-18 to US$.
The problem is likely to continue as the government’s budget deficit was predicted to reach 27 per cent of the country’s GDP in 2012, according to figures released by the Majilis Finance Committee.
“As long as the government continues to inject substantial amounts of new spending into the economy, the foreign exchange situation in the country will not be resolved,” said Jonathan Dunn, International Monetary Fund’s head of mission to the Maldives.
A Pruska representative was unable to confirm the cessation of the company’s project in the Maldives.
The Hulhumale project is considered as the most ambitious urban development project in the history of the country. The internal migration of Maldivians to the island and the reclamation of land is seen as fundamental to the country’s long term plans for congestion relief and economic development.
Demand for housing on the rise after flood
Housing demand in both flooded and non-flooded locations in Bangkok is returning to normal in the second quarter, according to Pruksa Real Estate Plc (PS). Pruksa, the country’s largest developer, had THB5.62 billion (US$180.4 million) in presales, THB4.67 billion (US$149.9 million) in revenue and THB633 million (US$20.32 million) in net profit in the first quarter [...]
Asian property taxes are prompting the East to invest in the West.
Presently, London’s property market is reaching levels seen before the financial crisis. Hot-spot properties there are, on average, GBP 3000 per square foot, according to Channel News Asia.
A report by Citi Private Bank and Knight Frank correlated restrictions in the East with a 12 per cent rise in prime London property value, while Shanghai and Singapore prices dropped 3.4 per cent and almost 5 per cent.
High Life: Interview: The luxury of patience
Vorasit Isarra, better known as Wan, is the managing director and creative mind behind Phuket’s celebrated Sri Panwa Resort and Residences. Having sold out Phase 1 and 2, he recently launched a third phase of villas that will set a new benchmark for Phuket luxury property.
New condominium project set to soar Bangkok’s skyline
Real estate and property developer, Grande Asset Hotel and Property Ltd. is to launch its latest luxury property development, Hyde Sukhumvit.
The development comprises of 455 high-end condominiums, a 30-floor hotel and retail stores. The ethos of the development is ‘mixed use.’
Speaking at the launch, Mr Pheeraphon Nonthasoot, executive vice president of Grande Asset Hotel and Property Ltd. said: “This project will feature the best of three key assets in one single development. The residence owners will be in the enviable position of living in the centre of Sukhumvit with the best of all facilities and services at their doorsteps.”
Construction will commence in June 2012. The completion date is March 2014.
Situated on the tip of soi 13 and within a stones throw of the BTS line the development is within close proximity to restaurants, five star hotels, and leading schools and hospitals.
Opus Hong Kong: visionary collaboration between award winning architect and innovative developer
Swire Properties has revealed Asia’s first residential project designed by renowned architect, Frank Gehry.
Opus Hong Kong is a visionary collaboration between Pritzker Prize winning architect, Gehry and innovative Hong Kong developer, Swire Properties.
Covering the tenth floor, the showroom interior acknowledges the project’s spiraling architecture and surrounding nature and habitat.
