All Entries in the "Country News" Category
Dubai tops the world’s real estate chart
Dubai recorded a 4 per cent rise in the period between December last year and March this year, according to Knight Frank Prime Global Cities Index. This placed Dubai ahead of London at 2.7 per cent and Jakarta at 3.3 per cent.
Knight Frank summarised that Dubai’s residential property prices rose 2.7 per cent since last September and 0.3 per cent over the past 12 months.
Dubai villa sales increased 3 per cent in the first quarter of this year, compared to a peak in the third quarter of 2008 – but prices still remain 25 per cent lower, commented Jones Lang La Selle in its quarterly Dubai real estate market overview.
Phnom Penh to add Vattanac Capital Tower to its skyline
Vattanac Properties Ltd. has begun development for the 39-storey Vattanac Capital office tower in Phnom Penh, Cambodia due to the need for International standard Grade A office space.
Thailand’s new-build market begins to surge forward
According to Thai Home Construction Association, new-build property demand in Thailand is pushing up prices in the country, with growth particularly strong in the north, north-east, and south.
Value of prime property in world’s key cities depreciating
The Knight Frank Cities Index recorded its first quarterly fall since 2009, with the average value of prime property in the world’s key cities depreciating by 0.4 per cent in Q1 2012.
Expert reacts to joint planning initiative launched by Abu Dhabi and Singapore
The Abu Dhabi Urban Planning Council (UPC) has signed a Memorandum of Understanding (MoU) with Singapore’s Urban Redevelopment Authority (URA) to gain and share first-hand experience on urban planning strategies, methods and best practices. The MoU formally sets out a framework for the exchange of information and experience between the UPC and URA and under [...]
Asia-Pacific investment plummets in the first quarter of 2012
Across Asia, investment has fallen by 42 per cent quarter on quarter. The total capital fell to US$11.6 billion during the January-March period.
Chinese mainland investment dramatically decreased by 70 per cent, revealed in the Asia-Pacific Capital Markets Marketview report, yesterday. Investment in China plunged to US$949 million in the first quarter, according to the report.
Southeast Asia’s high end property market: a mixture of results
In Hong Kong, there were signs of stabilisation – after declining markets over the past six months; luxury residential prices were up 1.4 per cent, quarter on quarter. This growth is a result of low interest rates and more active mortgage lending by banks.
Growth in emerging Southeast Asian markets aided to offset depreciating value in Singapore and China.
Attendees on the rise at International Property Exhibitions
Property Investment Firm, Knight Knox International, has reported a marked increase in the number of attendees at International Property Exhibitions, resulting in an increase of events they are exhibiting in 2012.
Singapore home sales reach new high
(Reuters) Shoebox apartments in Singapore helped private home sales reach a new record during the first quarter. Private home prices fell 0.1 per cent in the first quarter as government measures to cool the residential sector took effect. Khaw Boon Wan, Minister for National Development told parliament the market will have to be watched [...]
Singapore price index falls for the first time since Q2 2008
After five rounds of cooling measures by the government, the private residential market finally eased 0.1 per cent in the first quarter to reach 206.0 percentage points, according to data from the Urban Redevelopment Authority (URA). Properties in the Core Central Region (CCR) and Rest of Central Region (RCR) led in the price fall, both [...]
